Bright Connor
All Private Debt Collection agencies work under specific laws. Such laws come under the Fair Debt Collection Practices Act. So even though the Private Debt Collection works legally, it still needs to follow the regulations given under the Act. Let's look at the laws one by one so that you can understand better on how it operates. So under the Fair Debt Collection Practices Act, no Private Debt Collection agencies or a debt collector is allowed to discuss or approach the debt matter to the debtor's family, employers, neighbors, or friends.
The case should be addressed only with the person responsible. The FDCPA also ruled out limitations on the number of days; a debt collector can contact the debtor. The Act restricts the ways or methods through which a Private Collection Agency or a debt collector reaches the debtors. It also prohibits debt collectors from using inappropriate languages such as insults, slurs, obscenity, threats, etc. The debt collectors must correctly approach the debtors without harming or making threats to the debtors.
The Act also provides consumer remedies if they want to stop all contacts from the Private Debt Collection agencies. It also ensures the collectors verify all procedures of debt collection. No provisions have been covered regarding the creditors in the Fair Debt Collection Practices Act. But all other third-party collectors who work or are related to debt collection have been covered under the Act. To find more details on private debt collectors please Learn More.
In case a debt collector violates the terms given under the Act by making threats or abusing the debtors, the debtors have every right to sue the collector. However, in case you take the matter to court, you will have to win over the case within one year from the date of the violation. In case you aren't sure if a debt collector is violating your rights, you can always contact the Consumer Financial Protection Bureau or the Federal Trade Commission and ask them regarding your situation.
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