Dealing with Debt Collectors

Who hasn't received those annoying debt collection calls? They can certainly get irritating and I know a lot of people who simply don't answer their phone unless you say into the answering machine who you are.

Well if you owe a debt and are behind in payments, you can expect the calls. Companies seem to turn debts over to collection agencies fairly quickly nowadays.

Know your rights. This list will help you know your rights when dealing with these companies.

  • Debt collectors are only allowed to contact you between the hours of 8 a.m. and 9 p.m.
  • Debt collectors may not contact you at work if they know your employer disapproves.
  • Debt collectors are in no way allowed to harass, oppress, or abuse you and if it happens, report them immediately.
  • Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime. This happens. Frequently. It is illegal and you can stop it.
  • Debt collectors must identify themselves to you on the phone. The first thing you do when they call is ask who the company is, the phone number and the name of the person you are talking to. When yu ask these things they will also realize you know your rights.
  • Debt collectors must stop contacting you if you ask them to do so in writing. If you want them to stop, get their address as well when they call and write them.