Debt collection is daunting because you have to deal with debt collectors with many questions in your mind. A debt collector is an news hunt individual who collects outstanding debts for a 3rd party organization, for example, a credit or bank union.
The debt collectors are paid a commission for each debt settled which can go as high as 30% to 45% of the collected debt. Contact an Illinois debt collection defense lawyer who will clarify and explain common questions and problems.
Common questions about debt collection
Is the debt collector legit?
There are a lot of scammers in the name of lawyers. The fastest way to verify is by asking for their name, company name, office phone number, office address, and the debt collector’s license number. You can verify this by opening a google search and searching local business records. songs india
Do not provide any personal information to a person who claims to be a debt collector. Do not even admit that the debt is yours. You can also ask them for a validation notice sent to your home address.
Can debt collectors call you at home?
Debt collectors can call you anytime or even at work to know you. Also, they are not allowed to reveal their personal information to others.
Does the debt collector call family?
It is not illegal to contact your family members. Like employers and colleagues, debt collectors are not allowed to discuss your debt with anyone.
How many times can a debt collector call?
The law does not illustrate the exact number of times a debt collector can call you daily. But, it clearly states that a debt collector cannot harass you. A debt collector can contact you several times of the day with reason. But if they harass, threaten, or abuse by calling, they should be in directed violation of Fair Debt.
Can you go to prison for debt collections?
You may go to jail for outstanding civil debt, like a medical cill or credit card bills. Many debt collectors use scare tactics and threats of jail. This is a violation of FDCPA, which does not permit any debt collectors to threaten you with attempting to collect a debt, mislead, or criminal punishment.
Can a debt collector refuse a payment?
The debt collectors do not need to accept a payment plan. It totally depends on whether they want to take payments of outstanding debt.