Also, are collectors allowed to lie/misrepresent? I had a collector call my company and mysteriously say he was with "Child Support Services" to find out info pertaining to me. Plus, some other weird comments made previously..
2007-09-25 14:20:54 · 5 answers · asked by yngevn08 1 in Business & Finance ➔ Credit
No your pay check will not be garnished if you are making the small amount agreed upon.
THE LAW PROTECTS YOU FROM BEING CALLED OR HARASSED IN THE OFFICE BY A COLLECTION AGENT. Write a letter to the collection company telling them that your employer does not accept such calls in the office, while, at the same, requesting that all further communication on the matter to be put in writing.
RICHARD
2007-09-25 14:40:18 · answer #1 · answered by NETWORK ADMIN. 3 · 0⤊ 0⤋
Most of the time,with student loans, they would prefer that you set up a payment arrangement vs. legal process. I would suggest, if you are concerned that they are going to involuntarily collect monies from you, that you contact them and verify that the payments you are sending in are acceptable to them in terms of a partial payment arrangement.
As to are collectors allowed to lie/misrepresent themselves? The simple answer is no, but the truth of the matter is that it is difficult in the instance you gave to prove that they did what you claim. There are sections of the FDCPA that govern misrepresentation by a debt collector, usually pertaining to them stating an action that they are not going to actually be taking. Unless you are able to conclusively prove that they are in violation, it would be best if you just put this aside and concentrate on forging some kind of an arrangement with them for repayment.
2007-09-25 15:18:22 · answer #2 · answered by haggamuffn 2 · 0⤊ 0⤋
I am in the same boat they can garnish you depending on how much you make i make about 1600 dollars a month and they take about 300 and something out of my check monthly if you are paying payments i don't see what they should be bothering you about but of course they gonna bother you in my situation i did not get my mail because i moved and thought my loans were in deferment so that was my bad hope everything works out
2007-09-25 14:29:12 · answer #3 · answered by Betty R 3 · 0⤊ 0⤋
No they are not. The FDCPA forbids misrepresentation by bill collectors.
See §807(10) below
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#807
They cannot garnish your wages or put liens on your bank accounts and other assets without first winning a civil judgment against you.
2007-09-25 16:00:21 · answer #4 · answered by Ti 7 · 0⤊ 0⤋
When you are not living up to the contract and making insufficient payments ,
They can do most anything like garnishments , taking tax refunds etc .
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2007-09-25 14:26:50 · answer #5 · answered by kate 7 · 0⤊ 0⤋