Collections Lawyers

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What are Collections?

Collection is the process by which creditors attempt to get payment from nonpaying debtors. Collection can be performed by the creditor or by a collection agency the creditor has hired. A collection agency is a company that aggressively pursues debtors to collect money for the creditor.

Collecting Money Owed to Me

There are several ways you can try and persuade your debtor to pay you:

What Can a Collection Agency Legally Do to Collect Payments?

Collection agencies tend to use aggressive tactics to collect money owed. These tactics, however, must not violate the Fair Debt Collection Practices Act (FDCPA). This act limits what actions a collection agency can take in its effort to collect payments.

For example, a collection agency cannot:

There are also several things a collection agency must do once it has contacted a debtor. The collection agency must disclose:

What if a Collection Agency Has Violated the FDCPA?

There are several things a debtor can do if a collection agency has done anything illegal in violation of the Fair Debt Collection Practices Act (FDCPA).

Do I Need an Attorney for My Collections Problem?

An attorney can help send demand letters to debtors who owe you money, or determine whether a creditor is violating the FDCPA. If you are forced to go to court, an attorney can guide you through the complicated legal process. Whether you are the debtor or the creditor, a lawyer will know all the ins-and-outs of debt collection and help get the results you want.

Vea esta página en español: Recaudaciones o visita Abogados-Leyes.com para más información legal.

 

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Last Modified: 11-24-2010 12:07 PM PST

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Collections Lawyers,  collection, creditors, payment, debtors, collection agency, agency, FDCPA