When you owe a debt collector money, they send you a letter that includes all details and specifications of the debt you owe them. This letter contains details about the person you the debt to and when you need to pay off your debt.
According to the Federal Fair Debt Collection Practices Act (FDCPA), all creditors have to send you a written notice that validates their right to collect any debt. If you owe someone debt, and they have failed to validate a debt collection letter, they are violating the FDCPA.
Your Rights as a Debtor
It’s important to know all your rights as a debtor. Firstly, if your creditors are calling you outside the hours between 8 am and 9 pm (local time), they’re violating FDCPA rules that protect you. They can’t add false information in the debt validation letter or your credit report.
If they keep contacting you after the hours stated above, harassing you, telling people about your debt, or pretending to be someone from law enforcement, you can file a complaint with the Federal Trade Commission (FTC). You have the right to defend yourself against creditors and protect your finances.
Suing the Creditor
Once again, under the FDCPA, your creditor needs to respond to your request if you have asked them for a debt validation letter. Failure to provide this letter means they are violating the act. You have the right to report them, and you can do so by contacting the attorney general for your state.
FTC also allows you to sue the creditors for a maximum of $1,000 per violation. You need to be aware of the creditors as they can be very money hungry. Make sure you have all the documentation and details about debt ready to present in court. Having a complete, detailed record will help you immensely.
Contact Debt Resolution Services
If you need some help managing your debt payments, American Debt Enders can help you out. We can help you in any of your financial troubles, including providing you with top-notch debt counseling services. Our experts have been in this industry since 2006 and have helped multiple clients across the US. Our debt dispute program speaks for us.
We also offer debt services like credit restoration, debt validation, debt resolution services, and many more. Our team also includes debt relief specialists who can take a look at your financial condition, analyze everything, and offer complete financial guidance.
So, what are you waiting for? Contact our debt relief specialists for more details.