If you’ve just lost your home to foreclosure, you probably don’t want to have anything to do with other debt collectors who may be knocking on your door. Unfortunately, you can’t get away from those financial obligations, but you can be aware of what your rights are in the matter. The Federal Trade Commission offers a lot of good information so that you can protect yourself. The Fair Debt Collection Practices Act outlines a number of guidelines for debt collectors. Some of the rules are as follows:
“Debt collectors may contact you only between 8 a.m. and 9 p.m.”
“Debt collectors may not contact you at work if they know your employer disapproves.”
“Debt collectors may not harass, oppress, or abuse you.”
“Debt collectors may not lie when collecting debts, such as falsely implying that you have committed a crime.”
“Debt collectors must identify themselves to you on the phone.”
“Debt collectors must stop contacting you if you ask them to do so in writing.”
This act covers debts held individually, by the family, or by the household. You can get more information about your rights on this “Facts for Consumers” link from the FTC. This can help empower you as you move on during this tough transitional time.
