Do you get calls from a debt collection agency? Having delinquent debt not only hurts your chances of getting a loan but can also affect how much you pay for insurance, and even your ability to get a job or promotion. Here are seven things you can do.
1) Know Your Rights
Under the Fair Debt Collection Practices Act, there are a variety of limits placed on how debt collectors can contact you. For example, they can’t contact you before 8 a.m. or after 9 p.m. without your permission and you can forbid them either orally or in writing from contacting you at work. You can also request in writing that they no longer contact you at all. If you think a debt collector is violating these rules, harassing you, making false statements, or using other unfair practices, you can file a complaint against them to the Consumer Financial Protection Bureau.
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