It starts with a letter from a third party debt collector such as Prince Parker & Associates. The letter informs you that the debt collection agency is trying to collect for an outstanding credit account or personal loan. You ignore the letter and the written communication stops.
However, the phone calls from Prince Parker & associates begin.
Receiving a phone call from Prince Parker & Associates can trigger acute fear and anxiety. A feeling of hopelessness overwhelms you because there appears to be only two options to make the phone calls stop: ignore the calls or cave in and arrange to settle the delinquent debt.
There is a third option, which is contacting a licensed consumer protection lawyer.
Debt collection agencies like Prince Parker & Associates do not want consumers to know about a landmark federal law passed in 1977. Under the Fair Debt Collection Practices Act (FDCPA), consumers enjoy several legal rights that prevent debt collection agencies from implementing unethical debt collection practices.
Did you know Prince Parker & Associates cannot contact you before 8:00 am and after 9:00 pm? If the debt collection agency violates the FDCPA statute, you can seek financial damages, with the help of an experienced FDCPA lawyer.
Your lawyer will also explain what information you should share with Prince Parker & Associates, as well as what information you must keep to yourself.
Here are a few questions you do not have to provide an answer:
- How often does your employer pay you?
- How much is your net pay?
- Does your spouse work?
- Do you have other sources of income?
- Do you have any other outstanding debts?
What You Should Say to Prince Parker & Associates
You can prevent a debt collection agency from getting the upper hand over the phone by making two statements at the start of the conversation: “Give me a minute to get a tape recorder” and “I dispute the validity of this alleged debt.”
The conversation can go something like this:
Debt Collection Collector: “This is So and So from Prince Parker & Associates. I am calling in regards to your outstanding balance of $5,264 owed on a personal loan taken out with ABC Bank. Do you plan to pay off this debt?”
Your Response: “Hold on while I turn on my tape recorder.”
Turn on the tape recorder and ask the debt collector to repeat his or her name, as well as the name of the company and the reason for the phone call. Then, you invoke the FDCPA to request information pertaining to the debt.
Your lawyer will explain you have the right to ask Prince Parker & Associates to cease all form of communications. A certified cease and desist letter is the most effective way to stop communication from a third party debt collector.
An accomplished FDCPA lawyer will also review prohibited debt collection agency behaviors, such as implementing deceptive techniques to collect an outstanding debt.
When you go up against a debt collection agency like Prince Parker & Associates, you are going up against representatives that have received extensive training for the collection of delinquent credit accounts and personal loans.
Speak with a consumer protection lawyer to level the playing field against a third party debt collector.
*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 (Insert Collection Agency) or any other third-party collection agency, you may not be entitled to any compensation.