Knowing your rights and what debt collectors may and cannot do is crucial if you have unpaid obligations. Threats, physical violence, or other forms of coercion cannot be used by debt collectors to collect a debt. Additionally, they are not permitted to phone you at inconvenient hours or reveal your debt to anyone but you.
Writing a debt collection letter is one strategy to stop debt collectors from contacting you. You should explain in this letter whether you think the debt is legitimate or whether you disagree with the amount owed. The debt collector is compelled by law to stop contacting you after receiving this letter until they can present evidence of the debt.
Additionally, there is a “magic 11 word phrase” that can assist you in preventing debt collectors from contacting you. The words “I am exercising my right to dispute this debt” are used here. As soon as you mention this, the debt collector is required to stop contacting you until they can show you the bill’s documentation. While debt collectors are unable to physically stop you at an airport, they are still able to file a lawsuit against you. The organization may decide to file a lawsuit against you if you have outstanding bills. In the event that you lose the case, the court can enter a judgment against you, which might lead to property liens, wage garnishment, or other legal measures.
In conclusion, it’s crucial to treat unpaid bills seriously even when debt collectors cannot physically detain you at an airport. Seeking the assistance of a financial advisor or debt counselor may be beneficial if you are having trouble making your debt payments. Additionally, you can safeguard yourself from harassment and legal action by being aware of your rights and comprehending the debt collecting procedure.