Debt Collection
If you
experience problems with a collection agency, it's important to know your
rights. There are two types of debt collectors: creditors, to whom you owe
money directly, and third party collectors, which collect on behalf of
companies. Under the Fair Debt Collection Practices Act, creditors and third
party collectors may NOT:
The
Better Business Bureau and the Federal Trade Commission offer the following
information on fair collection practices.
Contact
Debt
collectors may not contact you before 8 a.m. or after 9 p.m., unless you agree
to alternative times. They may contact you in person, by mail, telephone,
telegram, or fax; however, they may NOT contact you by postcard. Collectors
also may not contact you at work if they know your employer disapproves. You
may stop a collector from contacting you by writing a letter to the agency
telling them to stop. Once the agency receives your letter, it may not contact
you again except to say there will be no further contact, or to notify you if
they intend to take a specific action.
If you have an
attorney, debt collectors may not contact anyone other than your attorney once
you've provided the attorney's information. If you do not have an attorney,
collectors may contact other people, but only to find out where you live and
work. In most case, collectors may not contact such permissible parties more
than once and cannot reveal to anyone other than you or your attorney that you
owe money.
Within five
days after you are first contacted, collectors must send a written notice
telling you the amount of money you owe, the name of the creditor to whom you
owe the money, and what action to take if you believe you do not owe the money.
If you believe the company contacted you in error, you must write to them
within 30 days after the initial contact; upon receipt of your letter, the
company must cease collection activities. However, if the company can provide proof
of the debt such as a copy of a bill for the amount owed, the company may renew
collection proceedings.
Prohibited
Practices
Debt
collectors may not engage in unfair practices while attempting to collect a
debt. For example, they may not:
Debt
collectors may not use false statements when collecting a debt. For example,
they cannot:
Law
Violations
If you believe
a debt collector has violated the law, you may sue in state or federal court
within one year from the date of the possible violation. If you win, you may
recover money for damages you suffered, including court costs and attorney's
fees. You should also report problems with debt collectors to the Attorney
General's office and the Federal Trade Commission.
For more information,
contact:
Better
Business Bureau
www.bbb.org
(800) 771-7755
www.oag.state.ny.us
New York State
Consumer Protection Board
(800) 697-1220
www.consumer.state.ny.us
New York State
Banking Department
(877) 226-5697
www.banking.state.ny.us
Federal Trade
Commission (FTC)
(877) 382-4357
www.ftc.gov
This report is
general in nature and is not intended as a reliability report on any company,
service or product.