A Call to Action against Debt Collectors

Many debt collectors are notorious for being ruthless at their attempts to collect on a debt.  All too often, we hear from our clients that they receive these harassing calls day and night and even at work.  Many times we hear that the debt collectors are even threatening to put a warrant out for their arrest which is not even possible.  Many people don’t know their rights when it comes to the regulations surrounding debt collectors.  This industry has needed regulation for some time and as you can read in the following article; the Federal Trade Commission (FTC) is becoming more vigilant in its monitoring.

http://www.insidearm.com/daily/debt-buying-topics/debt-buying/ftc-touts-actions-against-debt-collectors-in-letter-to-cfpb/

It is extremely scary to think that debt collectors are even collecting on debts that were never theirs to collect and it is all done through harassment and intimidation.  If you are being threatened, intimidated or harassed by a debt collector, know that this is a violation of the Fair Debt Collection Practices Act (FDCPA) and the debt collector can be fined.  You also may want to consult an attorney that can assist you in settling these debts and end the harassment once and for all.