A debt collection is a bank report that has been sent to a third-party debt collector. Debt creditors are firms who collect on the outstanding debts. After you skipped many installments and were unable to pay, the original corporation in which you generated the loan most certainly referred the account to a collection service.

Creditors are entitled to loan redemption, but it is against the law for them to use illegal harassment or misleading tactics in attempting to recover interest, regardless of the amount due. However, many debt collectors also engage in violent, criminal behavior in order to recover revenue.

Harassment can take the form of:

• Physical dangers;
• Phone stalking occurs when someone calls repeatedly or at inconvenient times of day;
• Using vulgar language;
• Endangering the consumer's property or reputation;
• Threatening legal action, such as appealing, but not intending to follow through;
• Falsifying the amount owed, especially the amount of interest or penalties owed;
• Communicating with the customer at their workplace;
• Including the debtor's name on a debtors' list;
• Failure to reveal one's name or failure to notify the debtor that one is trying to recover a loan in order to coerce information from them.

Debt Collection Harassment Statutes.

Since the Fair Debt Collections Practices Act (FDCPA) allows debt collectors to contact borrowers with honesty and respect, a borrower has the right to sue the debt collection agency if any of the aforementioned acts are taken. The user has a year from the date of the harassment to file a lawsuit.

Consumers should maintain track of any interaction they have with debt collection companies, including paperwork received in the mail or electronically and phone call details, such as dates of calls and names of individuals calling them, to ensure full security and repayment. If the consumer wins the lawsuit in court, a judge will be entitled to award money for potential costs, missed earnings, or medical expenses. In the event of a successful legal proceeding, the court or debt collector can pay the attorney's fees as well.

How can we assist?

Your purpose was more likely to repay the credit loan within a fair time span. When life gets in the way, you can find yourself the victim of violent collection action by lenders or other collection agencies. If this is the case, even if you are being sued over loans that are not your responsibility, our partners (attorneys) will assist you. Our collaborators may be able to halt the collection process or reach alternative agreements.