Welcome to Creditor Guide
Creditors Writ Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Stopping Creditor Calls
from:Federal and state laws are on the side of those who are in the process of stopping creditor calls, progressing beyond the normal range of decency and respectability--as long as a collection agency is the one at hand, not the original creditor. And stopping creditor calls can actually be prevented best by the consumer themselves, through direct communication with the original creditor. So why is it that so many consumers refuse to do anything about this form of creditor harassment?
The truth is, most people are totally ignorant on how credit and the creditors work, which supports the theory that not enough knowledge can do great harm. Stopping creditor calls can be easy or hard, depending on how armed the consumer is with knowledge regarding that they do have rights, and the creditor has a purpose other than to get the payment from them and take a cut.
Rights to protect debt consumers are taken from the Fair Debt Collection Practices Act (FDCPA), a governmental company which has laws regarding certain types of practices allowed and not allowed, by bill collectors and credit agencies. Stopping creditor calls should begin with the FDCPA in order to process the act of stopping creditor calls legally, if not contacting them to handle a case, but by at least reading it and recognizing what the consumer's rights consist of. And the law specifically says that no calls can be made to a place of employment without permission of the consumer, and no contact can be made before 8 a.m. or after 9 p.m. by the credit agency.
Debt collectors, creditors, or credit agencies are allowed to contact the consumer, friend, family or employers. They have this right to attempt to obtain an unpaid debt, but stopping creditor calls can prevent a lot of stress if the creditor has been doing it in a harassing manner over time. Of course, remember and document any contact that is made, illegal or illegally, focusing on the fact that any contact needs to involve the debt in question by the consumer, but cannot be referred to or that the creditor implies they are contacting for an unpaid debt. Debts that have accumulated over time cause stress on a person, on marriages, and in a relationship—and can occur for many reasons, such as illness, job loss, reduction in the overall mental issues, or even death.
Most creditors threaten court action or seizing property, through phone calls, home visits, and bill collection letters—which would require going to court first in an attempt to obtain the full amount. And most courts will attempt to work out a payment plan. And once a person files bankruptcy because there is no money for any sort of payment plan through a federal restraining order called an "automatic stay," the debt collector legally can no longer contact the consumer. The only exception to this rule is if the debt involved has missed or been overlooked, not listed in the bankruptcy debt list. Stopping creditor calls is easy, with many routes available—it just involves a little research and some phone calls.
Creditors Writ Specific links
Creditors Writ News
Mischief potentials of alternative credit default redressal regimes
On 30th August 2011, the Bombay High Court, in response to a writ petition filed by HDFC, ordered the Maharashtra government to in turn order Collectors and District Magistrates to take the mandate of section 14 of the Securitization Act, 2002 seriously, and not allow influence peddlers to scuttle the attempts by secured creditors in taking over the mortgage assets in the face of the inability ...
Read more...Gers Whyte may have lied to court
BBC Scotland uncovers evidence which suggests Rangers owner Craig Whyte may have lied in court.
Read more...Righthaven complains about 'scorched-earth' efforts to enforce judgments
A new round of name-calling erupted Monday between copyright lawsuit filer Righthaven LLC of Las Vegas and one of its creditors. Righthaven, the copyright enforcement partner of the Las Vegas Review-Journal, has for months been in survival mode as it tries to block creditors from seizing its assets.
Read more...Takeover of mortgaged properties: District bodies must help FIs, says court
State Governments should direct district administrations not to prevaricate or look the other side but, instead, act with dispatch when faced with request for police assistance from secured creditors in taking over mortgage properties of the defaulters, the Bombay High Court said.
Read more...Meaning of ‘education'
Educational institution, for the purpose of tax exemption, would not mean only institutions recognised by any university or board but also any institution engaged in systematic imparting of education.
Read more...