Can I sue a loan company for harassment?
Can I sue a loan company for harassment?
Yes. The federal Fair Debt Collection Practices Act specifically gives you the right to sue a debt collector for harassment. If a debt collector is found to have engaged in harassing behavior, you are entitled to up to $1,000 in damages, along with court costs and attorney fees.
What does it mean to be harassed by a debt collector?
The FDCPA says this about harassment: “A debt collector may not engage in any conduct the natural consequence of which is to harass, oppress, or abuse any person in connection with the collection of a debt.” That seems plain enough, but the law gives more than 50 examples of what that means, including:
Are there any homeowners being chased by debt collectors?
Newman’s experience is not unique. Other homeowners have found themselves being chased for debts incurred by people who previously lived at their address.
Can a creditor be considered to be harassing?
Not all action that a creditor takes can be called harassment. Creditors are allowed to take reasonable steps to get back the money you owe them. These include: calling at your home, as long as this is at a reasonable time of the day
What are some examples of abuses by mortgage servicers?
But in some cases, a servicer might: fail to credit funds to the correct account. Example. Let’s say a borrower sends in a proper monthly payment of $1,200, but the servicer incorrectly records the payment as $200 and places this amount in a suspense account.
The FDCPA says this about harassment: “A debt collector may not engage in any conduct the natural consequence of which is to harass, oppress, or abuse any person in connection with the collection of a debt.” That seems plain enough, but the law gives more than 50 examples of what that means, including:
How to stop a collection agency from harassing you?
If it is more important to you to enjoy a respite from the haranguing, than by all means do this: Send a written letter to the collector demanding that the collector cease and desist from further communications with you, your relatives, your employer or anyone else the collector may be contacting.
What happens if you dispute a debt with a collection agency?
If you dispute the debt within 30 days, the collector will send you information that will allow you to identify and verify the debt; If you send the collector a written request within 30 days for the name and contact information for the original creditor, the collector will provide it.
But in some cases, a servicer might: fail to credit funds to the correct account. Example. Let’s say a borrower sends in a proper monthly payment of $1,200, but the servicer incorrectly records the payment as $200 and places this amount in a suspense account.