If debt collectors are harassing you, you have the right to put an end to the calls. Here’s what you need to know about your rights and how to stop those calls for good.
Debt collectors are notoriously aggressive in their attempts to collect on outstanding debts. They may call you multiple times a day, show up at your work or home, or even threaten legal action if you don’t pay up.
While it can be extremely stressful to deal with debt collectors, you should know that you have rights under the Fair Debt Collection Practices Act (FDCPA). This federal law protects consumers from abusive debt collection practices and gives them the right to request that the calls stop.
Here’s what you need to know about your rights when dealing with debt collectors and how to stop those debt collection calls for good.
Your Rights Under the FDCPA
The FDCPA is a federal law that protects consumers from abusive debt collection practices. It applies to any company that regularly collects debts on behalf of others, including credit card companies, medical providers, and student loan services.
Under the FDCPA, debt collectors are prohibited from using abusive, unfair, or deceptive practices when collecting a debt. This includes making threats of violence or harm, using obscene or profane language, and calling repeatedly or at odd hours.
In addition, the FDCPA requires debt collectors to provide certain information about the debt they are trying to collect. This includes the amount of the debt, the name of the creditor, and notice that you have the right to dispute the debt if you believe it is incorrect.
If a debt collector violates the FDCPA, you may be able to file a lawsuit against them and recover damages. You may also be able to stop the harassing phone calls by sending a “cease and desist” letter.
How to Stop Debt Collection Calls
If debt collectors are harassing you, there are a few things you can do to make the calls stop.
First, you can send what’s called a “cease and desist” letter to the collection agency. This is a formal request that they stop contacting you about the debt. Once they receive your cease and desist letter, they are legally obligated to stop calling you.
You can also request that the debt collector only contact you in writing from now on. This will stop the phone calls, but you may still receive letters or other communications from the collection agency.
Can Debt Collectors Take Money From Your Bank Account?
Debt collectors may threaten to take money out of your bank account to pay off the debt, but the only way debt collectors can take money from your bank account is if they have a court order. This is called garnishment.
If a debt collector does take money out of your bank account without a court order, you should contact your bank immediately. Your bank may be able to help you get the money back.
What to Do if You Can’t Afford to Pay Your Debt
If you’re being harassed by debt collectors but you’re unable to pay your debt, there are still options available to you.
You can negotiate with the collection agency to try and reach an agreement on a payment plan or settlement. You may also be able to have the debt discharged in bankruptcy.
If debt collectors are harassing you, don’t be afraid to assert your rights under the FDCPA. And if you need help dealing with your debt, there are many resources available to assist you.
There You Have It
If a debt collector is harassing you, it’s important to know your rights and how to stop debt collection calls. By understanding the FDCPA and taking action to protect yourself, you can put an end to the harassment and get back on track with your finances.