The Federal Government Seeks to Crack Down on Abusive Debt Collection Tactics

In a scenario which is eerily similar to the mortgage foreclosure mess, banks appear to be using robo-signers and other debt collection practices which are unfair and deceptive when enforcing claims against consumers. The practices have now caught the attention of the Federal Government. See this story from today’s New York Times.

There are many unfair and deceptive practices employed by debt collectors and banks when they try to collect on consumer debt. However, there are Federal and state laws which protect consumers. While a debt may be legitimately owed, that situation does not allow debt collectors and banks to scare or abuse people to get paid. Harassing telephone calls and abusive language are not acceptable under the law. Additionally, the debt collectors and banks must be able to prove the debt is your obligation and the amount which is really due. We have seen cases where the paperwork about the debt is not adequate or where the amount due is wrongfully inflated. Consumers have the right to demand proof of the debt and how much is owed. If you feel that you have been mistreated or abused by a debt collector or bank in their efforts to collect on a consumer debt, contact the law firm of Henrichsen Siegel, P.L.L.C. to find out your legal rights as a consumer. With experienced lawyers in Florida, Georgia, the District of Columbia and other jurisdictions, we are here to assist you with protecting your rights.