Debt Relief: Difference between revisions

Debt Relief (view source)

Revision as of 21:13, 1 December 2004

281 bytes removed , 19 years ago

→‎Credit Harrassment

MHartley

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 * Use deception to make a debtor accept collects calls
 * Threaten to take property (unless done legally)
-* Contact via postcard Tips for success
+ensure they receive it
-* Address the letter to the collection agency, not the original creditor
-* Use the physical address for the agency, not a PO Box
+What can you do if the law has been violated? A debtor has the right to sue a collector in a state or federal court within one year from the date of the violation. If a suit is favored by the debtor you may recover money for damages, court and attorney costs, plus an additional amount up to $1,000. A group of debtors can sue and recover funds for damages up to $500,000, or 1% of the collector’s net worth, whichever is less. Any problems or concerns can be reported to your state’s Attorney General’s office, the Federal Trade Commission, and/or the American Collectors Association or local State Bar Association.
-* Send the letter Certified Mail - Return Receipt to ensure they receive it
-* Keep a copy of the letter and receipt for your records
-What can I do if the law has been violated? A debtor has the right to sue a collector in a state or federal court within one year from the date of the violation. If a suit is favored by the debtor you may recover money for damages, court and attorney costs, plus an additional amount up to $1,000. A group of debtors can sue and recover funds for damages up to $500,000, or 1% of the collector’s net worth, whichever is less. Any problems or concerns can be reported to your state’s Attorney General’s office, the Federal Trade Commission, and/or the American Collectors Association or local State Bar Association.
 Please be advised, that while a creditor may not call and harass you anymore, they still have the right to pursue the debt. However unlikely, they may still file suit in an attempt to collect the debt. Although Cease and Desist is a valuable tool, it should only be used when absolutely necessary.