As the U.S. continues to lick its economic wounds from the recession’s
aftermath, millions of consumers are still faced with that ugly 4 letter
word nobody wishes to associate themselves with—DEBT. People all
over the country are gearing up and readying their wallet for another
run with this formidable foe.
The truth is, 8 out of every 10 Americans are in debt. Although debt isn’t
necessarily a problem, it can quickly turn its ugly cheek if you’re
living beyond your means.
For some companies out there, this is good news. Debt collectors have created
a multi-billion dollar industry off other’s hardships. While the
collection of consumer debt plays an essential role within the consumer
credit market, many companies have abused this process—harassing
debtors, calling multiple times a day, attempting to collect an outstanding debt.
Unfortunately, the ideology of a debt collector is that if they harass
you enough, then at some point you’ll pay the debt just to get rid
of that harassment.
Fortunately in 1991, Congress passed the Telephone Consumer Protection
Act (TCPA). Presently, the TCPA
restricts debt collectors from using an automated telephone dialing system
to place calls – or – texts – to a debtor’s cellular
telephone without their consent.
Since 1991, the debt collection industry has become more sophisticated,
and as a result, new laws are implemented with the assistance of the Federal
Communications Commission (FCC), in order to combat the ever-evolving
tactics debt collectors use to reach their targets.
For far too long, debt collectors have used unlawful methods in their attempt
to collect a debt. In response, Congress has enacted severe penalties
for such practices—presently; a consumer may be able to collect
between $500.00 and $1500.00 per call and text.
Whether you have been the victim of unwanted telephone calls or texts,
or seek assistance with understanding your rights as a consumer, our firm
of highly-experienced attorneys will be able assist and help you file
a claim if necessary.