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Well, there are things you can do to make sure you are more in control of what happens when you are on the receiving end of those calls.
But before we go over them, let’s take a look at what a debt collector is and how certain laws may come into play.
Some of those practices and activities which are illegal are described below, but before we get to those, let’s go over the definitions we’ll be using.
If you ever fall behind in paying your creditor you may be contacted by a collector.
Fair Debt Collection Practices Act, passed by Congress to protect consumers like you, a debt collection is a person or company that regularly collects debts owed to others, typically when those debts are past due.
As the Consumer Financial Protection Bureau points out, debt collectors include collection agencies or lawyers who do this as part of their business.
This tool will break down your credit scores into sections and give you a grade for each.
You’ll see, for example, how your payment history, debt and other factors are affecting your scores, and you’ll get recommendations for steps you may want to consider to address any problems.
The Fair Debt Collection Practices Act was passed by Congress in 1977 to protect consumers by making some debt collection activities illegal.
Although this may be frustrating to you, it is not a violation of the law.
The collector is allowed to negotiate its own terms, but the collector may not make any false statements or use misleading ways to collect a debt from you.
If you receive a summons to appear in court after you disputed the debt in writing, you’ll still want to go to court.
When you do, make sure you bring a copy of the letter you sent the collector disputing the debt.