How to Stop the Misdeeds Conducted by Collection Agency Student Loan
If you are going for higher education you would have gone through the expensive fee structure already. Do you think it is manageable without borrowing any additional financial assistance? If, your answer is a “no”, then you surely go for student loans, right? Well, the actual trouble starts once you fail returning the borrowed loan amount within allotted time. Collection agency student loan starts torturing you for collecting the student debt amount.
These collection agencies start visiting you on behalf of your lender and try to collect the money applying illegal forces upon you. Sometimes, they threat you in the name of the law and make you afraid that if you don’t pay the debt amount on time, they can put you behind the bars. The list of their misdeeds doesn’t end over here only, rather they call you repeatedly, try to contact your employer without your permission and harm your professional as well as personal life.
Don’t you think so these are illegal and they shouldn’t take these steps for collecting debts? Certainly, you will agree with me but do you know that you have the legal power to stop the brutal acts taken by the collection agency student loan? Yes, you can stop them, if you file a complaint against them under the Government Trade Commissions. Well, the Federal Debt Collection Practices Act (FDCPA) prohibits certain illegal steps taken by the collection agencies, such as:
They cannot call you during the odd hours (9PM- 9AM) of the day. Even, they cannot call you in your office. Once you apply them through a written notice to stop this disturbance, anymore steps against your notifications, can take them behind the bars.
Any kind of abuses, slangs, threats, misconducts, etc. from them is strictly prohibited. If they do so, you can register complaint against them and they can get punishments too.
Certainly, while collecting student debt, collection agencies cannot pressurize you anyhow. Well, knowing your rights will help you to take right steps against them at the right time.
Since, you have borrowed the loan amount, it is your responsibility to return the same on time without breaking the terms and conditions. If due to some reasons you fail to repay, let your lender know the news first, so that these collection agencies don’t get chance to poke their nose in the matter. But, if they continue to disturb you, you have the right to take steps against the violations caused by the collection agency student loan for collecting student debts.
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