Debt Collector Harassment – The Effects It Has On Health and How to Stop It
When the economy is in declining and job losses have a severe financial effect on countless people, a lot of men and women find themselves in a predicament where they are not able to handle their debt. The current financial crisis has made it even more challenging for individuals to pay their invoices. 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 using a vicious debt collector can be a very stressful experience. Regrettably, debt collectors have come to be increasingly dishonest and heavy-handed when creating collection phone calls Collectors who misuse debtors will take part in such action as risks, and phoning in the evenings, afternoons, and during the night several times every day. They’ll 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 anxiety, stress, and raise the blood pressure. It can also induce depression, loss of appetite, loss of sleep, and migraines. At the same time, it may increase irritability and place a serious 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 which a debt collector must stop calling people who send a letter instructing them to do so, there are many collectors who willfully ignore this law. 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 behaviour, the very first step you should take is hoping to resolve the issue. You should try to arrange 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 along with also the calls continue, you need to email 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’ law mandates that when a debtor has a lawyer, the debt lender must stop contacting The debtor and speak only with their lawyer. Also, if the lawyer finds that the debt collector has violated the Fair Debt Collection Practices Act, they might suggest taking civil action against the collections agency. Should you proceed with lawsuit against the debt collector, you should keep a hand written record of this harassment for example when they called, period of this call, the length of the call, and exactly what the collector said during the telephone. It could be extremely beneficial to record the phone calls.