What are the repercussions of a large national bank's collections dept..?

Question

telling everyone you know and even some strangers who happen to answer the phone at a family members house all about your debts and personal info????I understand that it was wrong to avoid the phone calls but I just think this may be crossing the line! Is this not a breach of privacy?

Answer 1

It certainly is! Now, all you have to do is PROVE that they did that in a court of law and they can be fined UP TO $1000 per violation. Note the "up to" part. So let's say you owe them $10 grand, then you might get "up to" $1k for each time that you can PROVE that they did that.

So you take them to court and can prove (good luck) that they violated laws 2 times. The judge can rule that you owe them 8 grand (probably more than you would have paid anyways). Welcome to the world of big business..

Answer 2

The Fair Debt Collection Practices Act, prohibits disclosing ANY information regarding your debt to third parties. Even telling relatives that the purpose of the call is to collect a debt violates the law. If you point that out next time they call and imply you will sue them, they will begin to behave better. They won't stop trying to collect, but they won't completely ignore Federal law.

Answer 3

Before you take any steps first find out who your debt is with. Is it the Bank who are contacting you about the debt or have they sold your debt to a collections agency.

The regulations have slight differneces and you need to be sure who it is that has caused this breach.

Answer 4

If they are calling you 24/7 go to www.adviceontime.com and read the article on getting rid of debt collectors, this should answer all your questions.

Answer 5

Unforunately they you owe that poor bank money. And if they wanted too they could shame you by putting your debts on TV for all too see. But you also have that right.

Answer 6

yes it is all they can say its a personal matter that you need to deal with; contact a lawyer