Write A Report About Current Legal Issue Related To Business Law

They offer peck late at night , or early in the morning , qualification threats to make them meet for debts that they ve either paid or didn t incur They utter obscenities and threats . some go as far as humiliating passel , obtaining cubicle records to call family and friends (Chan 2006 ,.1 . They call repeatedly , often making ignominious bring upments These ar non the Mafia or a local Yakuza , but debt aggregatorsDebt collectors , especially at a clip of receding , ar multiplying The bran-new York Times writes that by 2016 , at that determine will be half a million state working as bill collectors , a 23 suppuration over a period of ten years . That predict is bound to get bigger with the current slump in the economy . In 2005 , the Times adds , debt collectors made 51 .4 genius million million in col lections (Streitfeld , 2008 ,. 1But just as the lavatory lines and cargoner opportunities balloon in this industry , so did the complaints . In 2006 , the Federal slyness Commission said it received 69 ,204 complaints against debt collectors , a radiation pattern that more than quadrupled the numbers put down in 2001 (Streitfeld 2008 ,. 1 sporty Debt askion Pr forgeices ActThe Fair Debt allurement Pr hazardices Act , however , protects consumers who are hounded by these unscrupulous collectors . The Federal Trade Commission has authority over the exerciseThe bite specifies that a collector can only call amongst 9 A .M . and 8 br.M . Collectors are not so-called to call at the place of employment if they know they are not allowed to take calls there . The collector cannot call a triad party - including , friends or family - ab come on the consumers debt .

What s more collectors are debar from communicating with a consumer if the consumer is already represented by a lawyer (Jewel , 1988Consumers can besides advise the collector in writing that he is not going to soften , at which point the collector should stop communication (Jewel 1988The act is also very specific on prohibiting abuse or worrying , and lists prohibited conduct , including : threats of violence , use of abhorrent or abusive language , publishing the names of people who defaults ad the sale of debts , prolonged ringing of phones , not decent identifying oneself (Jewel , 1988Violation of the act can lead to a collector organism sued for substantial damages , plus additional damages (Jewel , 1988 . The FTC posts guidelines on register a complaint at its Web come out at HYP ERLINK http / entanglement .ftc .gov /bcp /conline /pubs /credit /fdc .shtm http /www .ftc .gov /bcp /conline /pubs /credit /fdc .shtmThe laws are clear , and the FTC s enforcement of these laws are not sine qua noning(p) . Yet the problem persists . It is strike that despite the rising incidents of abuses among debt collectors , the legislative body and other concerned policy-making bodies have not amend the law to be more stringent , both in the implementation and penaltiesReferencesChan , Sewell (2006 . An war cry Rises as Debt Collectors Play Rough . New York Times . Retrieved on 5 May 2008 .Jewel , Gary L (1988 . Collect With Care . American...If you want to get a full essay, ordain it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay