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Bookmark or Share- How do I tell if a debt collector is legitimate or a scam?Legitimate debt collectors should not claim that they'll have you arrested. The debt collector refuses to give you information about your debt or is trying to collect a debt you don’t recognize. Debt collectors are generally required to provide you information in the initial communication or within five days of the initial communication.
- Debt Collection - Federal Trade CommissionDebt collectors generate more fraud reports to the FTC than any other industry. Although many debt collectors are careful to comply with consumer protection laws, others engage in illegal conduct. Some collectors harass and threaten consumers, demand larger payments than the law allows, refuse to verify disputed debts, and disclose debts to ...
- Banned Debt Collectors - Federal Trade CommissionDebt Collection The companies and people listed below are banned, by federal court orders, from participating in the business of debt collection. Click “View case” for information about the lawsuit that resulted in the ban, including press releases and links to the legal complaints.
- What laws limit what debt collectors can say or do?Any FDCPA-covered debt collector who contacts you about a debt is required to tell you certain information about it. Limits on how debt collectors can communicate with you about a debt. Time and place. Generally, debt collectors may not contact you at an unusual time or place, or at a time or place they know or should know is inconvenient to ...
- Debt Collection Rule FAQs - Consumer Financial Protection BureauAnd the Debt Collection Rule requires debt collectors who communicate electronically with consumers to include, in each electronic communication, a reasonable and simple method that the consumer may use to opt out of future electronic communications, the consumer is not required to use the debt collector’s method. 12 CFR § 1006.6(e).
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