Debt collectors & Creditors. The hundreds of calls every year. It can seem like their invading your privacy on every level but you'd be surprised how they operate within their means. Here's what I've gathered about creditors and debt collectors.
Creditors are quicker than ever to report late payments to collection agencies because more and more people are filing for bankruptcy and walking away from their debts.
Debt collectors are third parties hired by a lender to attempt to collect amounts you own when you're late with your payments; they can be lawyers or companies in the business of collecting unpaid accounts.
DID YOU KNOW?
Creditors are allowed to contact you in person, by mail, telephone, email, or fax
Creditors are not allowed to contact you at inconvenient times, such as before 8AM or after 9PM
Creditors can't continue calling you if you've asked them in writing to stop
Creditors can't threaten, harass, badger, or abuse you or use false or misleading information
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