The Rules Stated by the FDCPA For Fair Collection of Debt

As per the Fair Debt Collection Practices Act, each and every debtor would have to follow the stipulations laid down for just and legitimate collection of debt.

Following are the Debt- Collection Regulations-

1. Debt-Collectors cannot and should not threaten, harm or hurt the debtor, his property or belongings or his reputation.
2. Debt-Collectors ought not cause harassment to anyone and must not oppress, insult or abuse any debtor.
3. Enlisting the debt-defaulters in the form of a written publication is prohibited. (Unless a Credit Bureau asks for the list.)
4. Using profanity or obscene or abusive language on a telephonic call or with a person is unlawful.
5. Making repeated phone calls with the purpose of harrowing a person is not allowed.
6. The Debt-Collector in no way can directly or indirectly imply that the debtor is a criminal if he has not repaid the debt.
7. Identification of debtors in public or open declaration of their debt when the debtors are called is not permissible.
8. Misrepresentation of the debt amount is not acceptable.
9. Debt-collectors cannot threaten to detain or arrest the debtor if debt is not paid.
10. No false statements should be used while debt-collection by the debt-collectors.
11. Debt-Collectors cannot contact the debtor on the pretext of being government representatives or attorneys.
12. False representation by debt-collectors that they manage, work, function or operate on behalf of a credit bureau is disallowed.
13. Misrepresentation that an attorney is involved in collection of debt is not given consent to.
14. Debt-Collectors cannot threaten the debtor with legal action or court cases, which lawfully cannot be done, in order to get back the debt amount.
15. They cannot suggest that the paperwork sent to the debtor is legal if it is not and they also cannot send legal papers without prior intimation.
16. Debt-Collectors are not permitted to either seize or garnish or sell or attach the debtor’s income or earnings, property or possessions.

The Law and its rulings can shield and shelter you from the clutches of Debt-collectors however no one except yourself can rescue and recover you from debt-load. A loan or credit taken has to be reimbursed. Your financial troubles and worries can lessen if you embrace Debt-Consolidation as a solution. Do not fret or fear when we are here. We shall be the knight in shining armor and rescue you from the deep dungeons of the deadly debt –ditch. We shall help you to do away with debt by working out a repayment plan in the quickest, safest and smoothest method.
       Our professionals with their financial expertise shall suggest ways and means to clear and settle debt. In recent times, we have proved ourselves as debt-trouble detractors to many people as we have rescued them from this dilemma. We have an impeccable track record, so secure our membership form for free by applying online. By providing an array of options to you, we shall take charge of your debt-repayment. With Debt Reduction and Debt-Consolidations, we shall ensure that your life is as smooth-sailing as it was in the earlier.