It is possible you may be a victim of debt collection harassment. For instance, you have been hounded by debt collectors now and again. The collector may be calling you several times a day. Also, the collector may have contacted your relatives or employer. In some instances, the collector has threatened you and even used profane language. When all these happen, you feel humiliated. How can you put this to an end?
Being a victim of unacceptable debt collection practices can make your life miserable. Fortunately, you can do something to stop it and get reimbursement or damages for the trouble you underwent. In fact, a lot of people who have been victims of debt collector harassment suffer from stress due to loss of income, medical issues, or even divorce. This will leave the borrower to feel defeated.
You should note that you have rights as a victim of such practices and as a borrower. Moreover, there are remedies at your disposal. The following are some steps to undertake. When you play your cards, you can even get some extra money.
Know your rights
It is advisable to learn relevant laws and acts that apply to debt collection. Nowadays, you can easily find adequate information about debt collection. You can check Federal Trade Commission and other relevant organizations. Also, websites for private attorneys can provide you with a lot of information.
Act deliberately and calmly
When dealing with a debt collector, you should take the high road. As you know, money is quite motivating. Most debt collectors are paid commission. Thus, if they can get a lot of money from you, they will put more into their pockets. If you study the law carefully, you will realize that some debt collectors use unscrupulous methods. For instance, intimidation, is one of the effective practices of debt collection, particularly when a borrower fails to understand his or her privileges and rights.
Usually, debt collectors use the postal mail and telephone to reach out to borrowers. Nowadays, they use to text and email a lot. The good thing about mail documents is that they do speak volumes.
Ensure you keep all account statements, documentation, and correspondence. Ensure you keep records of your interactions with the debt collector and the company he or she works. The notes are invaluable when making a complaint or even filing a lawsuit against collectors.