Debtor’s need to know about debt collection laws

1. As per debt Collection laws a collection agencies are not allowed to delicacy a person who is in debt with violence or force.
2. Collections agencies cannot collect a larger amount of cash than what is really owed.
3. As per Debt collection laws debtor’s information should be confidential. Collection agency has no rights to share information regarding the debt with any third party.
4. Debt collection laws make illegal selling of the debtor’s information to its marketing followers.
5. Debt collection laws do not permit debt collectors to call a defaulter from 9:00 PM to 8:00 AM.
6. Debt collectors should never hoodwink or mislead the borrower by giving fake information.

Debt collection laws have been legislated to defend the debtor’s rights to know more about Debt collection contact National Asset Management.