The Bill Collector Letter That Finally Gets Rid of Them
1:41 AM
You know that feeling you get when a letter from a bill collector comes in the mail? The cold feeling you get when you realize that you owe money that you can't repay? And after that, the endless telephone calls and letters demanding that you pay money that you don't have?
Now is the time to turn the tables on those debt-collecting predators. It's time to know your rights and to use them.
A Federal law known as the Fair Debt Collection Practices Act (also known as the FDCPA) tells you exactly what a debt collector can and can't do to collect a debt from you. The FDCPA puts hard limits on exactly how a debt collector can contact you.
For example, a debt collector cannot call you at work except to find out the telephone number to call you at home. They cannot inform other people, including your employer, about the debt you owe.
Additionally, collection agents cannot call you or contact you in any other way if you inform them that they may no longer do so. That's all we're going to learn how to do.
The magic debt collector letter consists of two parts:
The first is any identifying information for you. This would include your name, home address, and account number for the account in question, as well as any other information they will need to identify you as the account holder for the debt in question.
The second thing is to state that you wish them to cease further communication with you.
This is all that the FDCPA requires you to do to stop the bill collector from contacting or harassing you in the future. The only additional correspondence that the bill collector can send to you is a letter notifying you that they will stop contacting you, and whether or not they intend to pursue legal action in order to collect on the debt.
When sending this letter, it's wise to send it via certified mail with delivery receipt requested. This means that when the letter is delivered to the debt collection agent, you'll receive notification that is now in their hands. Make sure to save this receipt to prove that the letter was actually delivered to the collection agent.
According to the FDCPA, if the bill collector contacts you in the future in violation of the law, you have the right to report the bill collector to the FTC. The FTC is the Federal Agency that enforces the FDCPA. Once you have notified the FTC of the bill collector's violation of the law, they can pursue legal action against the bill collector.
Be aware that even after you notify the bill collector of your wish not to be contacted, they still have the option of pursuing legal action against you. This letter is only intended to shield you from being harassed by bill collectors. It cannot protect you against a lawsuit filed by the bill collectors in an attempt to collect on a debt.
Now is the time to turn the tables on those debt-collecting predators. It's time to know your rights and to use them.
A Federal law known as the Fair Debt Collection Practices Act (also known as the FDCPA) tells you exactly what a debt collector can and can't do to collect a debt from you. The FDCPA puts hard limits on exactly how a debt collector can contact you.
For example, a debt collector cannot call you at work except to find out the telephone number to call you at home. They cannot inform other people, including your employer, about the debt you owe.
Additionally, collection agents cannot call you or contact you in any other way if you inform them that they may no longer do so. That's all we're going to learn how to do.
The magic debt collector letter consists of two parts:
The first is any identifying information for you. This would include your name, home address, and account number for the account in question, as well as any other information they will need to identify you as the account holder for the debt in question.
The second thing is to state that you wish them to cease further communication with you.
This is all that the FDCPA requires you to do to stop the bill collector from contacting or harassing you in the future. The only additional correspondence that the bill collector can send to you is a letter notifying you that they will stop contacting you, and whether or not they intend to pursue legal action in order to collect on the debt.
When sending this letter, it's wise to send it via certified mail with delivery receipt requested. This means that when the letter is delivered to the debt collection agent, you'll receive notification that is now in their hands. Make sure to save this receipt to prove that the letter was actually delivered to the collection agent.
According to the FDCPA, if the bill collector contacts you in the future in violation of the law, you have the right to report the bill collector to the FTC. The FTC is the Federal Agency that enforces the FDCPA. Once you have notified the FTC of the bill collector's violation of the law, they can pursue legal action against the bill collector.
Be aware that even after you notify the bill collector of your wish not to be contacted, they still have the option of pursuing legal action against you. This letter is only intended to shield you from being harassed by bill collectors. It cannot protect you against a lawsuit filed by the bill collectors in an attempt to collect on a debt.
About the Author:
Sean Payne can teach you plenty about how to get out of debt. After over 10 years of learning about how to get out of debt, he has developed some powerful techniques to stop bill collectors calling. You can discover his secrets for paying off debt at his debt payoff tips website.
You can leave a response, or trackback from your own site.