One of the biggest violations debt collectors commit during their aggressive debt collections is to lie over the phone. There are many lies that the debt collectors speak over the phone. They do not disclose their names while trying to collect from you. Sometimes they give you a false identities.
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Third party debt collectors break the law by violating the Fair Debt Collection Practices Act (FDCPA). The FDCPA is enforced by the Federal Trade Commission (FTC) to direct and monitor debt collection practices by third party collectors.
The FDCPA has laid down the guidelines for fair collection...
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The Fair Debt Collections Practices Act (FDCPA) came into existence to protect consumers against unfair and unethical practices of debt collectors. Enforced by the Federal Trade Commission (FTC), the FDCPA is a federal statute that shields consumers from unscrupulous debt collection methods.
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Ignoring calls from bill collectors won't make the debt vanish, but consumers do have rights under the federal Fair Debt Collection Practices Act.
source : http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf.
There is an advertisement continually running on CNBC for a “debt reduction center.” One of the services they advertise is that they will “stop harassing calls.”
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