What does law say about the procedure of debt collection?
It is the responsibility of a debt collector to collect the debt from the debtor but through fair and rightful means. Any forceful means to collect debt is not allowed under the Fair Debt Collection Practices Act. You must be aware that under any situation or circumstances, the Fair Debt Collection Practices Act requires the debt collectors to treat you fairly by prohibiting certain methods of debt collection. If I am not able to pay the loan, can they harass me? The law doesn’t permit the debt collectors to harass debtors under any situation. Debt collectors are restricted from using threats of violence or causing harm to any person in debt. They cannot use abuse debtors. They also cannot publish the debtor’s name in public, neither can they harass debtors by calling up from time to time. The law gives you all types of protection if you are in serious debt problems. Debt collectors are not allowed to engage in unfair practices when they try to collect a debt. They are not allowed to:
