Defending Against Debt Collectors

What's Hot

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

Do This or Your iPhone Bill May SkyrocketSave

19 Moves That Will Help You Retire Early and in StyleFamily

11 Places in the World Where You Can Afford to Retire in StyleMore

What You Need to Know for 2017 Obamacare EnrollmentFamily

The 35 Two-Year Colleges That Produce the Highest EarnersCollege

5 DIY Ways to Make Your Car Smell GreatCars

8 Things Rich People Buy That Make Them Look DumbAround The House

50 Ways to Make a Fast $50 (or Lots More)Grow

32 of the Highest-Paid American SpeakersMake

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

5 Reasons a Roth IRA Should Be Part of Your Retirement PlanGrow

More Caffeine Means Less Dementia for WomenFamily

7 Household Hacks That Save You CashAround The House

30 Awesome Things to Do in RetirementCollege

Beware These 10 Retail Sales Tricks That Get You to Spend MoreMore

Americans now carry more than 2-trillion dollars in debt, and as that figure grows, so does the debt collection industry's revenues. But just because you owe money, doesn't mean debt collectors can treat you like a doormat.

Americans now carry more than 2-trillion dollars in debt, and as that figure grows, so does the debt collection industry’s revenues… to the tune of more that 16-billion dollars a year. But just because you owe money, doesn’t mean debt collectors can treat you like a doormat.

The Fair Debt Collection Practices Act requires collection agencies to treat you fairly, while prohibiting some forms of debt collection. The act allows collectors to contact you in person, by mail, phone or fax, but a debt collector can not contact you at inconvenient times (early in the morning or really late at night) unless you agree. You should also be safe from collection attempts at work, if the collector knows that your employer disapproves of such contacts.

Debt collectors may not harass you or make false statements. If you’re getting threats of violence or harm, or profane language or even repeating phone calls designed to annoy, then the debt collector is in violation.

So what should you do if you’re being subjected to unfair debt collection practices? First, get the identity of the debt collector. Then, notify them in writing to cease and desist from further communications and report the problem debt collector to your state’s Attorney General’s office and the Federal Trade Commission. Finally, get help paying back your debt, because even though you can defend yourself against debt collectors, you can’t simply erase the money you owe.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 19 Cheap or Free Ways to Cut Your Winter Energy Bills

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,712 more deals!