What Is A Collection Agency Licence ?

What Is A Collection Agency Licence ?

Any debtor harassed by debt collectors would like to know the answer .Simply put a collection agency licence is a licence required by various states for collection agencies attempting to collect on past due debts.if the debt collector does not have a licence to collect bad debts they are violating a state law.Stop abusive collectors click here for a free consultation.Many consumers are aware of the fair debt collection practices act, bur unaware of state collection laws.These laws are even more strict then the fair debt collection practices act laws and can be very powerful ammunition when fighting back against debt collectors.State laws are often more strict then the fair debt collection practices act and can be very powerful weapons when fighting debt collectors.Some states have a law that forbids bill collectors from discussing debtors bad debt with their spouse even though they may be married.Other states such as Texas require that the collection agency not only have a collection agency licence but they are required to put up a ten thousand dollar bond.

.Knowing these state laws as well as the fdcpa laws can make you a powerful opponent when battling collection agencies.In war one must know their opponents weakness and use that weakness against them. When you are fighting to stop abusive collection calls and repair and restore your credit, this is a war.Think of these powerful laws as your weapons against your opponents and they will pierce the enemies protective armour.

When debt collectors contact you check with your local state government office and ask them what the requirements are for debt collection companies in your state.They should be able to tell you what the requirements are and if a collection agency is required to have a collection agency licence to collect past due accounts in your state.If you are sued by debt collectors in court and can show that they are not licenced to collect bad debts in your state you will automaticaly win the case Knowledge is power know your rights you become the victor or not the victim !