Michigan Debt Collection Laws
Michigan Debt Collection Laws are covered under the FDCPA. Also known as the, Fair Debt Collection Practices Act. Throughout this article, I can outline precisely what you will need to know to guard your credit, and the credit of your friends.
Personal, family, and household debts are covered under the FDCPA. This includes money owed for the purchase of an auto, for hospital treatment, or for credit cards.
A collector may reach you in the flesh, by mail, telephone, or fax. [**] a debt collector may not reach you at unreasonable times or places,eg before 8 a.m. Or after nine p.m, unless you agree. A debt collector also may not get in touch with you at work if the collector knows that your employer disapproves.
You can stop a collector from making contact with you by writing a letter to the collection agency informing them to stop. After they receive your letter, they may not contact you again except to point out there’ll be no further contact. The agency may notify you if the debt collector or the creditor will take some specific action.
A debt collector may not contact anyone else about your debt, except to discover where you live and work except they may contact your lawyer, if you have one. Generally, the collector cannot disclose to anyone that you owe cash.
A debt collector must identify himself/herself as a debt collector and must provide you with a statement that he/she is calling to collect a debt within 5 days after you are first made contact with, the collector must send you a written notice informing you the amount of money you owe ; the name of the creditor to whom you owe the cash ; and what action to take if you believe you don’t owe the money.
A collector may not reach you if, inside 30 days after you are first approached, you send the repo man a letter stating you do not owe money. [**] a collector can renew collection activities if you are sent proof of the debt, such as a copy of a bill for the sum owing.
After taking time to read this article, you must understand basic Michigan Debt Collection Laws as covered by the FDCPA. If you’ve got any further questions, you may visit : http://www.myfaircreditsite.com
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Adam Alexander is specially trained in the Federal FDCPA and FCRA statutes, and related fraud and deceptive practices litigation. The goal of my firm is to protect consumers against unfair, deceptive and abusive debt collection and reporting practices.
Creditors, professional debt collectors, and attorneys who violate the law are subject to paying damages, statutory penalties, and the consumer’s attorneys fees and costs.
If you have been a victim of unfair, deceptive and abusive coll
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