When debt enters incassobureau inschakelen, it means that a debt collector has purchased or received the rights to the account from the original creditor. The debt collector then attempts to collect on the account for a fee or percentage of the money that they recover. Debt collection agencies may be small or large companies, and they may specialize in collecting certain types of debt or a variety of different debts.
A collection agency can use various methods to collect on your debt, including calls, letters and visits. They can contact your friends, family and associates but they cannot reveal that they are attempting to collect on your debt to those individuals. They also cannot make repeated telephone contacts with you at a number that is registered as an answering machine or voice mail, or contact you before 8am or after 9pm.
Collections Unveiled: The Role and Impact of a Professional Collection Agency
Your rights as a borrower are protected by the Fair Debt Collection Practices Act (FDCPA). It’s important to know your rights so that you can protect yourself from illegitimate debt collection activities. For example, you are entitled to a written letter within five days of being contacted by a debt collector that provides you with information regarding the debt that is owed to you. This includes the name of the creditor, the amount owed and whether or not it’s correct.
It’s illegal for a debt collector to add interest or charges that were not originally agreed upon in the original loan agreement. It is also illegal for a debt collector to threaten or use any type of physical harm on you or your property.