The Debt Collector May Not Be Telling You The Truth

by Scott F. Bocchio on Aug. 26, 2020

Bankruptcy & Debt 

Summary: It also goes without say that being hounded by debt collectors and living in fear of what they can do to you can make your stress levels go through the roof. You need to understand how to protect yourself.

If you don’t pay your credit card bill, medical/dental bill, or some other form of debt the lender or business may very well end up sending your file to a debt collector. The collection agent’s job is to attempt to collect the debt from you. They will contact you by phone, text, email, a letter or all of the above. Some debt collectors will do anything that they can think of in order to collect the debt from you. This is how they get paid. If you happen to have the money, you may be under the assumption that it’s in your best interest to pay them the balance that you owe and be done with it.


This holds especially true for people that are suffering from debt harassment. Making those annoying phone calls stop may be at the top of your priority list. In fact, those annoying phone calls can cause a great deal of stress for some people. It can go even further. The combination of being in debt and being hassled about it on a constant basis can actually lead to depression, and that just isn’t good for your overall health. Here’s a little secret that can save you a lot of money.


Typically speaking, debt collectors such as collection agencies purchase the debt from businesses for pennies on the dollar. Anything they collect over the low amount that they purchased your debt for is their profit. That means they would much rather settle with you for an amount that is lower than the balance. In essence, a bird in the hand is worth two in the bush meaning they would rather be paid less money now instead of stretching out the process and potentially being paid more money down the road.


In further good news, the Unites States government has initiated a set of laws that are meant to prevent debt collectors from harassing you. It is called the Fair Debt Collection Practices Act (FDCPA), but the problem is a lot of consumers have never heard of it. So instead of doing something about it, they continue to be harassed by the debt collectors. Not all debt collectors take part in the unfair practice of debt harassment. There are many out there that are doing their job the right way. However, the ones that are not can make it incredibly difficult on you. The good news is that you absolutely do not need to put up with their rude behavior.


If you feel that you are being treated unfairly by a creditor or collection agency, please contact us immediately. Legal Rights Advocates, PLLC is a consumer advocate law firm that focuses on consumer rights protection services across the Unites States. We have well over twenty-five (25) years of combined experience helping consumers that are experiencing Debt Collector Harassment, Social Security Disability issues, and a whole lot more. LRA is truly your consumer rights advocate. We take great pride in the fact that our job is to protect you from deceptive and or abusive debt collection practices.


Our goal is to assist you each and every step of the way regarding your rights for consumer protection. Please call us today for more information at 855-254-7841 or click here to visit our website. We look forward to working with you.

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