Debt Collection Act

Greenwood International would like to take the time to inform some of our current and prospective clients about some of the Debt Collection Laws and principles behind what we do.

You are a "debtor" if you:

- use credit cards
- owe money on a personal loan
- paying for a home mortgage

If you fall behind in repaying your creditors ( any of the examples listed above), or some sort of an error is made on your accounts, you may be contacted by a "debt collector."

You should know that in either situation, the Fair Debt Collection Practices Act requires that all debt collectors treat people fairly by prohibiting certain methods of debt collection. Of course, the law does not forgive any legitimate debt you owe. So if you owe money, there's no escaping it.

Greenwood International, does not only actively promote these laws, but we have taken the liberty to show you some of the law's that are found in the Fair Debt Collection Practices Act (FDCPA), and many others can be found elsewhere on our page in the section titled FDCPA Law.

May a debt collector contact any person other than you concerning your debt?

If you have an attorney, the debt collector may not contact anyone other than your attorney. If you do not have an attorney, a collector may contact other people, but only to find out where you live and work. Collectors usually are prohibited from contacting such permissible third parties more than once. In most cases, the collector is not permitted to tell anyone other than you and your attorney that you owe money.

May a debt collector continue to contact you if you beleive you do not owe money?

A collector may not contact you if, within 30 days after you are first contacted, you send the collection agency a letter stating you do not owe money. However, a collector can renew collection activities if you are sent proof of the debt, such as a copy of a bill for the amount owed.

Click Here for Services that fully comply with the Debt Collection Act