What Are My Rights As A Debtor?Rights As A Debtor The debt collection process can be scary…phone calls, letters, and more phone calls. You may feel alone, scared, and unsure about what you are hearing. You may feel that your creditors are trapping you in a corner, refusing to listen to your side of the story, and refusing to compromise. Despite your best attempts, the creditors may be rude, continually call you, or yell at you. They may threaten a lawsuit or to garnish your wages.
Knowing your rights as a debtor is a key part of the debt collection process. Yes, the creditor has a right to collect the debt from you. No, they may not harass you during the process. Although debtor rights vary in each state, there are certain rights that are standard: 1.) You have the right to request that the collection agency send you a confirmation letter via postal mail listing the origin of the debt and why they are attempting to collect the debt from you. 2.) If you send a “Cease Communication” letter, you have the right to not be contacted via phone. 3.) You have the right to request that information in your credit bureau report be accurate, timely, and free of errors. ‘ 4.) You have the right to one free credit report from each credit bureau per year, from Experian, TransUnion, and Equifax. If any information is missing or incorrect, you have the right to ask for a correction from the credit bureau. Someone On Your Team – Consumer Credit Counseling Navigating the your rights is tricky. Because creditors may be less than honest with you on the phone, you may be unsure of what protections you have and what boundaries can not be crossed. The best way to work through this sticky situation is with the help of a professional. A trained expert in debt management and collection practices is your advocate and on your side. If you are unsure of your rights or feel your rights may have been tampered, consider contacting a consumer credit counseling agency today.
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