Knowledge is power when dealing with debt collectors! Understanding how debt collectors work and what they are permitted to do to collect a debt can assist you avoid being threatened by them. Here’s a few “don’ts” for debt collector…
Debt collectors can’t:
- Calls made before 8 a.m. or after 9 p.m. are prohibited without the consumer’s consent.
- Make calls on Sunday.
- If customers are aware that their employer does not want them to be reached during business hours, call them at work.
- If you have a debt, speak to your employer about it, unless it is past-due child support.
- Make contact with family members, close friends, or neighbours to shame you into paying your debt. Nevertheless, they are not allowed to explain why they need the information; they can just ask how to contact you.
- use a post card or envelope to get in touch with you about your debt and clearly mark it as coming from a debt collector.
- During a relatively short amount of time, I keep calling you. For instance, making numerous calls to you in a single morning or afternoon.
- Swear at you or treat you badly when you are speaking with them.
- compel you to answer their calls.
- Give them a postdated check that is deposited before the cheque’s due date.
- Unless the contract the debt collector signed with the creditor specifically allows it, collect more money than you owe on a debt.
The greatest way to avoid being taken advantage of by debt collectors is to stay aware.
If you know-you know!