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Debt Tips
What do you do if you believe a debt collector violated the law?
You have the right
to sue a collector in a state or federal court within one year from the date
from the date the law was violated. If you win, you may recover money for the
damages you suffered plus an additional amount up to $1000. Court costs and
attorneys fees also can be recovered. A group of people also may sue a debt
collector and recover money for damages up to $500,000, or one percent of the
collectors net worth, whichever is less.
Where can you
report a debt collector for an alleged violation?
Report any
problems you have with a debt collector to
your state Attorney Generals
office and the Federal Trade Commission.
Many states have their own debt collection laws, and your Attorney Generals
office can help you determine your rights.
Source: Federal Trade Commision
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Date Added: 2009-04-07 Views : 80
