According to the Federal Trade Commision (FTC) debt collectors are prohibited from saying the following:
- You will be arrested if you don’t pay your debt.
- They will seize, garnish, attach or sell your property or wages unless they are permitted by law to take the action and intend to do so.
- That legal action will be taken against you if doing so would be illegal or if they do not intend to do so.
Debt Collectors can not do the following:
- Try to collect any interest or fees on top of what you owe unless the contract that created the debt, or your state law allows the charge.
- Deposit a post dated check early.
- Take or threaten to take your property unless it can be done legally.
- Contact you by postcard.
Category: Handling Credit Card Companies
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