Articles Posted in Fair Debt Collection Practices Act (FDCPA)

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7 BANKRUPTCY

No, they cannot threaten you. With anything, at any time. But just because they are not supposed to make any sort of threats doesn’t mean that they will in fact obey the law. The United States Congress recognized long ago that the collection industry is filled with companies that practice very aggressive (and sometimes harsh) tactics in their attempts to collect on a past due debt. Below is a brief description about how that law protects you:

The Fair Debt Collection Practices Act (FDCPA) is a federal statute that tightly regulates what a collector may do when it tries to collect on a debt (whether it is a phone call, a letter, an email, a voicemail, whatever). These restrictions put a tight reign on the industry because the collection industry has proven over time to be a sector of the economy that uses methods that most Americans deem irresponsible (hence the passage of the FDCPA in the 1970s).

Continue reading →

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Because they can. And there is absolutely no law stopping them from putting an outrageous rate of interest on their loans. It may be immoral, but it’s not illegal.

St Louis payday loan companies exist for one single goal: if you are having a difficult financial time in life, they want to give you all the high-interest, small loans you can handle (because they know that once you are on the hook, you will almost certainly not get them paid off). And once you are in that vicious cycle of payday loan debt (in which you take out a loan, only to turn around and take out yet another payday to cover the first one), it is extraordinarily difficult to get out of it. This exactly where they want you.

Continue reading →

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

It depends on which kind of creditor is calling you. Is it the original creditor (like the hospital, credit card company, or payday loan giver), or is it a collection agency? Because the two types of creditors are treated differently by the law.

If you are getting rude calls from the original creditor, then the best you can do is to simply hold them off (or try and work something out). However, their job is not to settle the debt owed; it is to get as much money out of you as possible. So the farther you fall behind on your payments, the nastier they will get with their calls (and the number of calls will increase dramatically). And unfortunately, there isn’t a whole lot regulating their conduct. Legally, they can call you all day and all night long if they wish (it may be rude to do so, but it certainly wouldn’t be illegal). They can come to your house, pound on the door, stand outside your house for hours on end. There is very little that prevents them from collecting.

Continue reading →

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

No, they cannot. That would be described as “overshadowing”. When a collector takes over a debt, they have to provide you with thirty (30) days in which to dispute the validity of the debt. This means that no demand for funds or payment can be made during that time.

If the collection agency is playing by the rules, then they will follow the provisions set out by the Fair Debt Collection Practices Act (FDCPA). This is a federal law that tightly regulates what third-party collectors can and cannot do. If you’ve never heard of the FDCPA, then you are like most Americans. But then the collection agencies are banking on the hope that you’ve never heard of it either (because many collectors do not take the time to follow the rules at all).

Continue reading →

IF A COLLECTION AGENCY IS VIOLATING YOUR RIGHTS, WE DON’T CHARGE ANY FEES TO GET IT STOPPED!!

Collection agencies (sometimes referred to as “third party collectors”) can be relentless in their attempts to collect on a debt. But their tactics are not always lawful. In fact, very frequently a collection agency will violate your federal rights under the Fair Debt Collection Practices Act (FDCPA). Below is a brief description of how this Act protects you (and the remedies involved when a collector violates your rights):

The FDCPA was signed into law in the 1970s by the United States Congress in an attempt to regulate the collection industry. The idea behind the act was to prevent the abusive, humiliating tactics employed by some of the collection agencies. But most people are unaware that this law exists, which means that the collectors get away with quite a few violations.

Continue reading →

ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7 BANKRUPTCY

Yes, there are quite a few rules and regulations that govern collection agencies in this country. Specifically, they are regulated through the Fair Debt Collection Practices Act (FDCPA). This federal statute sets out the acceptable practices of the collection industry, and the penalties for any infractions thereof.

The FDCPA is basically a list of regulations that dictate how a collection agency may collect on a debt. Whether that collection activity is in the form of a letter, a phone call, a voice mail, a text message, and other activity, all third-party collectors are subject to these provisions.

Continue reading →