What is Debtorboards?
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Debtorboards, operated by Simple Machines LLC, is a web forum where users or members can share tips on how to defend against debtors.
Debtorboards claims that up to date, debtorboards members have collected $388,151.12 from creditors and have beaten back lawsuits attempting to collect $335,197 from creditors.
Debtorboards covers all topics you can possibly think of regarding debt collection including credit basics, suing your creditors, laws and resources such as telephone consumer protection act, other federal statutes, rules, regulations and FTC opinions, case law, state laws, and all government agencies and organizations involved in credit and debt business such credit reporting agencies, original creditors, collectors and agencies, and consumer attorneys, bankruptcy, and the kindrox archive among others.
Debtorboards with 5886 members covers 8407 topics and 64550 posts.
This is a very informative information forum site. However, consumers may consider using their local attorneys to defend against wrongful debt collection.
For more information on Debtorboards, please visit the website at Debtorboards.com.
Some basic information for consumers
If you fail to pay bills, or a creditor mistakenly or deliberately make it appear that you do, a debt collector may be contacting you.
As a consumer, you are protected under the Fair Debt Collection Practices Act (FDCPA) enforced by the The Federal Trade Commission (FTC), the nation’s consumer protection agency. The law prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.
Debt collectors can be collection agencies, lawyers and companies that buy delinquent debts and then try to collect them.
The Act covers personal, family, and household debts including money you owe on a personal credit card account, an auto loan, a medical bill,and your mortgage. The FDCPA doesn’t cover debts however you incurred to run a business.
You may want to talk to debt collectors at least once and then decide whether you want them to further contact you or not. If you decide not to see them again, put your thought in writing and send it to them in certified letters telling them you don't own the debt, or you can't repay it immediately. They will send you a letter specifying their action either telling you do not own the debt anymore, or they may tell you their further action like filing a lawsuit.
If you send the debt collector a letter stating that you don’t owe any or all of the money, or asking for verification of the debt, that collector must stop contacting you. You have to send that letter within 30 days after you receive the validation notice. But a collector can begin contacting you again if it sends you written verification of the debt, like a copy of a bill for the amount you owe.
For more information, read http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.pdf
The article contains content from FTC.
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