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Yes, I am aware of the Harris Debt Collectors scam, which involves fraudulent practices by Harris and Harris debt collectors.

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5mo ago

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What are the regulations and guidelines for national credit debt collectors?

National credit debt collectors are regulated by the Fair Debt Collection Practices Act (FDCPA), which sets guidelines for how they can communicate with debtors, what information they can disclose, and prohibits certain abusive or deceptive practices. Additionally, the Consumer Financial Protection Bureau (CFPB) oversees and enforces these regulations to protect consumers from unfair debt collection practices.


What is the most common interest rate debt collectors can charge to a business debt?

Most Commercial Collectors, or business debt collectors operate in a fix rate or rate per amount collected. Fix rate depends on each collection agency, debt collection rates may vary also in the amount to be collected, number of accounts and the age of the accounts. Most commercial collectors do not charge any fee until they collect, or some others they do. Best practices are; shop around, look for collection agency prices, request quotes, etc.


What should I say to debt collectors when they contact me?

When debt collectors contact you, it is important to be honest about your financial situation and communicate with them respectfully. You can ask for information about the debt, negotiate a payment plan, or seek help from a financial advisor or credit counselor. It is important to avoid making promises you cannot keep and to know your rights under the Fair Debt Collection Practices Act.


Can you be arrested in Maryland for not paying your payday loan?

No. Payday lending is illegal in Maryland. Contact the Commissioner of Financial Regulation in Maryland. File a complaint. They cannot claim that they can have you arrested. This is also a violation of Federal law, check out the Fair Debt Collections Practices Act (FDCPA). Keep records of your conversations with these collectors, and who you talk to. You could also contact a consumer rights attorney and sue the collector for violation of the FDCPA as well.


How much is a 10000 dollar Chinese heaven bank note paper bill worth?

A Chinese heaven bank note, often used in ancestral worship, is not considered legal tender and has no intrinsic monetary value. Its worth is primarily symbolic and cultural, representing offerings to deceased relatives in traditional practices. While collectors may value them for their novelty or as part of cultural artifacts, the actual cash value is effectively zero.

Related Questions

What can debt collectors do to collect debt?

Debt collectors (not the original creditor) is governed by this very nifty federal law: Federal Debt Collections and Practices Act (FDCPA). Sample of FDCPA and Sates see below in the link


What are your rights in Pennsylvania against debt collectors?

Debt collector & third party communications:Debt collectors may only contact third parties to ascertain your location/whereaboutsDebt collectors may not reveal to third parties that you owe debtDebt collector may not harass you, or third parties in connection with collecting a debt:Debt collectors may not use threats of violence or harmDebt collectors may not use profane or obscene languageDebt collectors may not repeatedly use the telephone to annoyDebt collectors may not publish a list of debtors (except lists sent to credit bureaus)Unfair and deceptive debt collection practices are not permissible:Debt collectors may not make false implications of government affiliationDebt collectors may not assert false threats of legal action or legal statusDebt collectors may not falsely imply you committed a crimeDebt collectors may not deposit a postdated check prematurelyIt is also a good idea to keep a log of when you receive your bills; that way, when a bill does not arrive on time, you can call the company and inquire into its absence and likely avoid any late fees. If you feel a debt collector has violated the law, you should also take steps to document such behavior


What are the regulations and guidelines for national credit debt collectors?

National credit debt collectors are regulated by the Fair Debt Collection Practices Act (FDCPA), which sets guidelines for how they can communicate with debtors, what information they can disclose, and prohibits certain abusive or deceptive practices. Additionally, the Consumer Financial Protection Bureau (CFPB) oversees and enforces these regulations to protect consumers from unfair debt collection practices.


What can't they do to you if you are unemployed with credit cards and no payments on a loan in four months?

Your rights as a consumer Your Debts and Debt Collectors You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a


What is the most common interest rate debt collectors can charge to a business debt?

Most Commercial Collectors, or business debt collectors operate in a fix rate or rate per amount collected. Fix rate depends on each collection agency, debt collection rates may vary also in the amount to be collected, number of accounts and the age of the accounts. Most commercial collectors do not charge any fee until they collect, or some others they do. Best practices are; shop around, look for collection agency prices, request quotes, etc.


Is it illegal for debt collectors to call on Sunday in Oklahoma?

No, debt collectors in Oklahoma are allowed to contact debtors on Sundays, as long as they adhere to the federal Fair Debt Collection Practices Act guidelines, which prohibit calling before 8:00 a.m. or after 9:00 p.m. local time.


Do debt collectors have to send you a written statement validating the debt?

Upon your written request for validation, yes. This is covered under the Fair Debt Collection Practices Act (FDCPA).


Who do you report fraudulent practices by Merrill Lynch to?

to the branch manager


Understanding How the Fair Debt Collection Practices Act Protects Consumers?

The Fair Debt Collection Practices Act (FDCPA) was first enacted in 1977 to protect consumers against certain debt collection tactics. This goal of the FDCPA is to keep debt collectors from deceiving, harassing or taking advantage of consumers. While this law does not cover business debts, it does cover all personal debts, like credit card debt, medical bills and auto debt.What Debt Collectors Are Forbidden to Do Under the Fair Debt Collection Practices ActUnder the FDCPA, debt collectors must send consumers a written letter within five days of first initiating contact by telephone. This letter must contain specific information, including the balance of the debt, who is currently pursuing the debt, and the original creditor. The initial letter must also let the consumer know that he or she has 30 days to dispute the debt or request validation.The FDCPA also prohibits when and how a debt collector may attempt to collect a debt. Debt collectors are allowed to send written correspondence, call, or visit a person's home or place of employment. Phone calls and visits must be limited to the hours between 8 a.m. and 9 p.m. However, debtors can forbid debt collectors from contacting them at work if it puts their job in danger. Collectors who ignore such a request are violating the FDCPA.Debt collectors are also prohibited from threatening or harassing consumers. A debt collector cannot threaten a debtor physically or threaten to tell others about the debt. Collectors may not use offensive language, lie or contact a consumer excessively. Calling several times a day is generally considered excessive.How Consumers Can Fight Back Against Debt Collectors Who Violate Their RightsIf a debt collector has violated the terms of the FDCPA, consumers can take action. Debt collectors that violate the law can be sued within one year of committing the illegal action. Consumers who intend to sue a debt collector might need to seek legal representation to help them prepare their case.If the consumer wins the case, he or she may receive up to $1,000 to cover lost wages or other expenses. The debt collector will also be forced to reimburse the consumer's court costs and legal fees. While this will not void the consumer's debt, it should help the consumer repay the delinquent amount.


What should I say to debt collectors when they contact me?

When debt collectors contact you, it is important to be honest about your financial situation and communicate with them respectfully. You can ask for information about the debt, negotiate a payment plan, or seek help from a financial advisor or credit counselor. It is important to avoid making promises you cannot keep and to know your rights under the Fair Debt Collection Practices Act.


How to Fight Back Against Debt Collectors Who Cross the Line?

The Fair Debt Collection Practices Act was enacted to protect consumers against overly aggressive debt collectors. This act makes it illegal for collectors to threaten consumers, call excessively, or harass debtors. Harassment is considered calling too early in the morning, calling late at night, using profanity, or telling third parties about the debt. If a debt collector breaks these rules, the consumer may file a complaint with the FTC. If a collector has violated the Fair Debt Collection Practices Act, they may be forced to forfeit the debt. This gives consumers a way to protect themselves against aggressive debt collections.


Does the Fair Debt Collection Practices Act only apply to prejudgment debts?

The FDCPA applies to 3rd party collection agencies. It has little to do with the KIND of debt. It has everything to do with defining the BEHAVIOR of 3rd party collectors.