Debt Collector Harassment – The Effects It Has On Health and How to Stop It
When the market is in decline and job losses have a severe financial impact on countless people, a lot of men and women find themselves in a situation where they are unable to manage their debt. The current financial crisis has made it even more difficult for people to pay their bills. In case you’ve experienced debt issues, and therefore are being harassed by debt collectors, then you know of how it may influence your physical and psychological wellbeing.
Dealing with a vicious debt collector may be an extremely stressful experience. Regrettably, debt collectors have come to be even more dishonest and heavy-handed when creating collection phone calls Collectors who abuse debtors will take part in such activity as risks, and phoning in the evenings, afternoons, and at night several times each day. They will also use profanity and call people nasty names. They are even able to participate in such harassing action with a debtors household and employer that may lead to a strain on relationships and also run the risk of job conclusion.
This type of harassment can have a serious effect on the health. It can lead to a constant state of high stress, stress, and raise the blood pressure. In addition, it can cause depression, lack of appetite, loss of sleep, and migraines. At the same time, it may increase irritability and place a significant strain on relationships. The best thing people can do for their health and well being would be to stop the harassment.
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Although it’s the law that a debt collector must stop calling people who send a letter instructing them to do so, there are many collectors that willfully ignore this legislation. The Federal Fair Debt Collection Practices Act was created to prevent debt collectors from harassing, threatening, and lying to their debtors. When a collector violates the act and engages in bad behavior, the first step you should take is trying to resolve the matter. You should try and organize a reasonable repayment plan. You also need to request a copy of your debt statement so you can review it for accuracy. If the collector is reluctant to work with you and also the calls continue, you should mail them a letter telling them to quit calling. In legal terms, this is called a ‘cease and desist’ letter.
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After trying to resolve the issue through negotiation and writing a letter Instructing them to stop, and the calls continue, the next step is to meet with an attorney who’s well versed in ‘fair debt collections. ‘US’ legislation Mandates that if a debtor has a attorney, the debt lender must stop contacting The debtor and communicate only with their attorney. As well, if the lawyer finds that the debt collector has violated the Fair Debt Collection Practices Act, he or she might suggest taking civil actions against the collections agency. Should you proceed with litigation against the debt collector, then you should keep a hand written record of this harassment such as when they called, time of this call, the length of the telephone, and what the collector stated during the call. It could be extremely valuable to record the telephone calls.