The Bill Collector Letter That Finally Gets Rid of Them
Do you remember the feeling you get when a letter from a bill collector shows up in the mail? The queasy feeling you get in your guts when you're told that you owe money that you are unable to repay? And later on, when the phone calls and letters hound you for money that you don't have?
Now is the time to turn the tables on those debt-collecting predators. It's time to know your rights and to use them.
A Federal law known as the Fair Debt Collection Practices Act (also known as the FDCPA) tells you exactly what a debt collector can and can't do to collect a debt from you. The FDCPA puts hard limits on exactly how a debt collector can contact you.
One example is that a debt collector can't call you at work, unless it's to find out a telephone number they can use to call you at home. They also can't inform other people, especially your employer, about any outstanding debts that you have.
Additionally, collection agents cannot call you or contact you in any other way if you inform them that they may no longer do so. That's all we're going to learn how to do.
The magic debt collector letter consists of two parts:
The first is your identifying information. This consists of your name, your address, any debt account numbers for the debt that they're trying to collect, and any other info they may need to positively identify you as the debt account holder.
The second part is to let them know that you want them to stop communicating with you, period.
These two things are all that the FDCPA requires that you do to keep the debt collector from harassing you or contacting you in the future. The only correspondence that the debt collector can send you in the future is a letter that says they will cease contacting you, and whether they're going to pursue any legal action to collect on the debt.
When you send this letter, it's always good to send it by certified mail with a delivery receipt requested. The delivery receipt lets you know that the debt collector actually received the letter. Make sure that you keep this receipt in case you ever have to prove that they received the letter.
By the rules of the FDCPA, if the debt collector contacts you anytime after they get the letter, they're in violation of the law, and you have the right to report them to the FTC. The FTC is the Federal Trade Commission, and is the agency that enforces the Fair Debt Collection Practices Act. After you've notified the FTC about the collector's violation of the FDCPA, they can take legal action against the bill collector.
Keep in mind that even after you let the debt collector know about your desire not to be contacted, they still can pursue legal action against you to collect on the debt. This handy letter can only protect you from being harassed by debt collectors. It can't keep you from being sued by the debt collectors if they still want to collect on the debt. - 23199
Now is the time to turn the tables on those debt-collecting predators. It's time to know your rights and to use them.
A Federal law known as the Fair Debt Collection Practices Act (also known as the FDCPA) tells you exactly what a debt collector can and can't do to collect a debt from you. The FDCPA puts hard limits on exactly how a debt collector can contact you.
One example is that a debt collector can't call you at work, unless it's to find out a telephone number they can use to call you at home. They also can't inform other people, especially your employer, about any outstanding debts that you have.
Additionally, collection agents cannot call you or contact you in any other way if you inform them that they may no longer do so. That's all we're going to learn how to do.
The magic debt collector letter consists of two parts:
The first is your identifying information. This consists of your name, your address, any debt account numbers for the debt that they're trying to collect, and any other info they may need to positively identify you as the debt account holder.
The second part is to let them know that you want them to stop communicating with you, period.
These two things are all that the FDCPA requires that you do to keep the debt collector from harassing you or contacting you in the future. The only correspondence that the debt collector can send you in the future is a letter that says they will cease contacting you, and whether they're going to pursue any legal action to collect on the debt.
When you send this letter, it's always good to send it by certified mail with a delivery receipt requested. The delivery receipt lets you know that the debt collector actually received the letter. Make sure that you keep this receipt in case you ever have to prove that they received the letter.
By the rules of the FDCPA, if the debt collector contacts you anytime after they get the letter, they're in violation of the law, and you have the right to report them to the FTC. The FTC is the Federal Trade Commission, and is the agency that enforces the Fair Debt Collection Practices Act. After you've notified the FTC about the collector's violation of the FDCPA, they can take legal action against the bill collector.
Keep in mind that even after you let the debt collector know about your desire not to be contacted, they still can pursue legal action against you to collect on the debt. This handy letter can only protect you from being harassed by debt collectors. It can't keep you from being sued by the debt collectors if they still want to collect on the debt. - 23199
About the Author:
Sean Payne can teach you plenty about how to get out of debt. After more than a decade of learning about how to get out of debt, he has developed a powerful strategy to stop bill collectors calling. You can discover his secrets for getting out of debt at his amazing website.
posted by X - Men @ 3:11 PM
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