Consumer Reporter Michelle Buckman explains how to stop debt collector harassment and even collect some money from them.
Posts Tagged ‘Fair Debt Collection Practices Act’
Consumer credit laws are being created in many states that will force debt collection agencies to prove that the debt they purchased for pennies on the dollar exists and the consumer legitimately owes the money.
This law is designed to stop collectors from being abusive and unprofessional. Even if you owe money and the debt is really yours (you will be amazed at how many folks are called for another person’s debt), the collector must still treat you fairly and respectfully.