Under the FDCPA, a collection agency may contact your references only when they are unable to reach you. However, they are prohibited from revealing any information related to your debt. If you have been in contact with the collection agency, then they don't have the legal right to call and disturb your friends and relatives. Your friends and relatives can tell the collection agency to stop calling them or send a cease and desist letter to them.
When I purchased my car I was asked for two refere...
When I purchased my car I was asked for two references. I fell behind on my car payments. I am now only 1 1/2 payments behind. I have been in contact with Capital One Auto Finance at least once a week. I don't usually answer the phone more that that when they call because the call several times a day, even after I've talked to them and I work all day. Now they are contacting my references. My mother is one of them and she says they call at least four or five times a day. Do they have the right to do this when I have been in contact with them via e-mail, mail and phone, one or the other, at least once a week? I feel like my privacy is being violated not be mention the harrassment of my references.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.