If a debtor has failed to make payments to a credit card company or loan agency, the creditor reserves the right to contact the debtors with requests for funds. However, state and federal laws prevent credit and loan agencies from harassing or abusing their customers. According to the Fair Debt Collection Practices Act of 1972, lending agencies are not allowed to pursue unreasonable collection attempts against those who own them money.
Despite laws against the practice, creditor harassment is a common occurrence. Many people who are in debt do not take action against this abuse because they do not know that harassment by credit card companies and loan agencies is actually illegal. Actions exhibited by loan agencies that are prohibited by federal law can include:
- Calling repeatedly at unreasonable hours of the night or day
- Making false claims
- Verbal harassment
- Contacting a friend, relative, or acquaintance who is otherwise unrelated to the situation about the debt owed
- Empty threats of legal action or of damage to your credit rating
- Calling your workplace and informing your employer of the purpose of the collection call
- Mailing false documents and letters, such as a letter from a court
- Trying to collect unauthorized or prohibited fees
- Requesting post-dated checks, with the intention of ensuring justification for prosecution
If you are experiencing any of the above actions, you are likely a victim illegal harassment from your creditor and may be able to pursue legal action.
If you have been a victim of creditor harassment or simply need assistance in negotiating or consolidating your debt, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC at 414-377-0518.