Every credit card and personal loan application includes a section where consumers submit their phone numbers.
Some credit applications require only a primary contact number, while other credit applications want consumers to submit two phone numbers, which typically are your primary contact number and a cell phone number.
If your cell phone is the primary contact number, then you leave the cell phone line blank and add the cell phone number on the primary number line.
When a debt collection agency purchases an outstanding consumer debt, the company not only gets a substantial discount to buy the debt, it also receives your primary phone number.
Unlike most creditors, third party debt collectors such as Debt Management Partners make frequent phone calls to encourage consumers to take care of delinquent credit card and personal loan accounts.
There is not a law at the federal level limiting the number of phone calls a bill collector is allowed to make. You can ignore the calls, but the calls will not go away.
If you ask a debt collection agency to stop calling you, the company might respond by ramping up the number of phone calls made to your primary number or worse, initiate a civil lawsuit seeking the entire amount of the money you owe on a debt.
How Federal Law Protects Consumers
You might feel helpless after a third party debt collector bombards your primary phone number with phone calls. Fortunately, a landmark federal law gives consumers the legal tools to fight back against bill collectors like Debt Management Partners.
The key is to wait for a debt collection agency to violate one or more provisions of the Fair Debt Collection Practices Act (FDCPA).
Passed by the United States Congress in 1977, the FDCPA prohibits third party debt collectors from using highly aggressive debt collection tactics that include issuing threats and using profane language. Bill collectors also are not permitted to contact consumers between the hours of 9 pm and 8 am.
The most effective way to get the most out of the FDCPA is to hire a licensed consumer protection lawyer. A FDCPA attorney will know exactly how to fight back against violations of the consumer protection law.
Your lawyer will determine whether you should send a cease and desist letter to Debt Management Partners or settle the debt for a fraction of the original amount.
Moreover, experienced FDCPA attorneys know when the time is right to file a civil lawsuit.
Your FDCPA Lawyer and Monetary Damages
If your attorney decides to file a lawsuit against Debt Management Partners, he or she will file the lawsuit with the goal to help you recover monetary damages for the pain and suffering cause by illegal debt collection agency practices.
You can seek compensation from the physical distress triggered by unethical debt collection practices. The FDCPA also permits consumers to seek monetary damages for emotional duress, which can come about because of strains in personal and/or professional relationships.
You also have the right to seek compensation for lost wages and the money garnished from paycheck to pay off a bill collector. Winning a civil lawsuit against a debt collection agency requires the services of an accomplished FDCPA attorney.
You can bet Debt Management Partners will have a powerful legal team assembled to handle your case. Make sure you come to the legal fight with a licensed FDCPA lawyer.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Debt Management Partners or any other third-party collection agency, you may not be entitled to any compensation.