What Debt Collectors Can and Can’t Do
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Dealing with debt is tough, especially when debt collectors get involved. But hey, good news! There are rules to protect you, like the Fair Debt Collection Practices Act (FDCPA). Knowing your rights can make handling debt way less stressful. What Debt Collectors Can Do Debt collectors aren't all bad; they're trying to get creditors their money back. Here's what they're allowed to do: 1. Contact You:-They can call, text, email, or send letters about the debt. They have to tell you who they are, who they're collecting for, and how much you owe. Talk Payment:-They can chat with you about ways to pay, like setting up a plan or settling the debt for less. 2. Report to Credit Bureaus:-They can report your debt, which can hurt your credit score – a big motivator for paying up. 3.Sue You:- If you don't pay, they can take you to court. If they win, they might be able to take money from your paycheck, put a lien on your property, or freeze your bank account (depends on...