Credit Problems? Dealing with Creditors who Harass you

Did you know that you can sue creditors and credit bureau agencies for violations of the Fair Debt Collection Act? There are simply some things that are not allowed by law, that happens all the time.

Have you ever heard of a creditor calling family members, your job or friends telling them you owe money? Have you had a creditor threaten you or call you at all hours of the day and night? Well this is harassment and illegal according to the Fair Debt Collection Act.

Wouldn’t you just love to take back control of your live and sue abusive credit collectors? Then you can use the money  they have to pay you, to pay off your debts!

The problem begins with ruthless, cruel and abusive people; try to collect this debt at any cost. I have heard of people to sell their jewelry, or their car to pay their debts.

These debt collectors will try to intimidate you and cause you much heart, as they will get paid a percentage of what you pay the company.

Many creditors hire debt collectors to try to collect on debt own them. It is not a problem to receive a call from a creditor to try to set up a payment schedule with you or to find out when and if you will be able to pay off your debt.

Though most credit bureaus try to work in your behalf, they are not exempt from breaching FCRA laws. Here are some $1,000 offenses you can sue the credit bureau for.

1. Re-posting Debt: The Credit Bureaus can not put back on your credit report and item that is removed unless you are notified in writing within 5 days.
   
2. Failure to Correct: The Credit Bureau if they fail to correct and item on your credit report after giving them written proof to the contrary. The charge for this is defaming your character and willful injury. The courts will determine the judgment to be paid.
3. Failure to Respond: Credit bureau must contact you withing 30 days of a dispute. They are however allowed a 15 day extension.
4. Re-Aging Debt: A Credit bureau and not re-age you debt in order to keep negative items on your credit.
   

1. Harassment: According to FDCPA, you can take a creditor court for harassment. Harassment would include constant calling after being told to stop, threatening with physical financial retaliation. If found guilty the judgment against them is a whopping $1,000.
2. Injury to your credit history: Debt collection agencies can not pull your credit report without permission. If you discover on you credit report that someone has pulled your credit report without written permission.
3. Failure to report a dispute: If you dispute a debt with a creditor and they fail to notify the Credit Bureau according to FCRA Section 623 you can sue and if found guilty receive $1000
4. Harassment: You can sue a collection agency, if they call you after 9:00 PM and before 8:00 AM. The fine to be paid to you, is $1,000.
5. Defamation: Debt collection agencies are not allowed to call your friend or family about your debt this is in violation of the FCRA. The fine is $1.000.
6. Threats: Debt collectors can not threaten you with wage garnishment, arrest or seizing your personal property. If found guilty the credit agency must pay you $1,000.
7. Cashing a Post-Dated Check: It is illegal for collection companies to cash a post dated check before the date on the check. The fine is $1.000.
8. Re-Aging Debt: A debt collection agency can not re-age you debt for the purpose of keeping it on your credit report for a longer period of time. The fine is $1.000.