Avoiding Unfair and Aggressive Debt Collectors

Categorized: Credit Card Debt Relief | No comments

The Fair Debt Collection Practices Act is designed to restrict certain practices often employed by debt collectors looking to retrieve debts from consumers. This act prevents debt collectors from using threats, misrepresentation and other harassing techniques against debtors. New steps are now being taken to help further protect debtors from unfair and aggressive debt collectors.

The Most Common Complaints

The Federal Trade Commission recently released a report detailing the most common forms of complaints by consumers against debt collectors. In 2010 there were 140,036 filings from individuals against debt collectors. The most common complaints were about harassing phone calls made by debt collectors, misrepresentation by debt collections regarding the nature and amount of the debts owed to them and inadequate documentation of debts.

How to Protect Yourself from Aggressive Debt Collectors

The recent implementation of the Consumer Protection Act of 2010 will serve to better protect debtors from these unfair and aggressive practices by debt collectors. The newly created Consumer Financial Protection Bureau will be in charge of creating and enforcing new debtor protection rules.

So how can you take steps to protect yourself from aggressive debt collectors if you are in debt? According to a Chicago bankruptcy lawyer, it is important that you understand your rights as a debtor and know what debt collectors are not allowed to do as they attempt to reclaim your debts. You can search the FTC’s website for a summary of rules and regulations and file a complaint online if you feel that a debt collect has broken the rules.

If you are in the process of bankruptcy and you are still being harassed by debt collectors, you should contact a Chicago bankruptcy attorney at: 125 South Wacker Drive, Suite 300, Chicago, IL 60606 or by calling (312) 878-0035 ‎to find out if you have legal cause to act.

Debt collection laws and rules are designed to prevent debt collectors from using unfair and overly aggressive practices in an attempt to claim your debts. As a debtor you have the right not to be threatened or harassed.


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