When a Collection Agency Calls
First understand that all “collection agencies” are not all the same. Third Party agencies are collecting on behalf of the original creditor (a bank, visa card, master card, etc.). There is legislation that governs Third Party collection agencies as to whey they can call, what they can say and what they must do if you dispute the debt they are collecting.
First Party collection agencies have purchased your debt from the original creditor and now own the debt. The bank, visa card, master card, etc. is no longer owed any money. The rules of the legislation no longer apply. They can call whenever they want as often as they wish to call. They can phone your relatives and/or your employer. They are much more aggressive than a Third Party collection agency who must obey the law.
If you are contacted by a collection agency ask them if they own the debt or if they are acting for a bank, visa, master card, etc. The answer will tell you what their obligations are and, more important, what your rights are.
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