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A List of Rights You Have Against Debt Collectors (Part 2)

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False or Misleading Representations: Collection agencies are prohibited from making false or misleading representations to consumers in the course of trying to secure debt repayment. Some violations of the-law in this area include:

Falsely stating or implying that the debt collector is bonded by, or associated with any federal or state government entity.
Falsely representing the nature of any debt, the amount owed, the legal status of the account, or compensation paid to the collection agency for recovering the debt.
Falsely claiming that the debt collector is an attorney or represents an attorney.
Falsely asserting that you will be imprisoned or arrested if you don’t pay your bills (debtors’ prisons don’t exist anymore in this country).
Falsely representing that your failure to pay could result in your wages being garnished, your property being seized, or your assets being sold - unless such measures are lawful, and unless the debt collector actually intends to take those actions.
Falsely stating such misinformation such as the documents they send to you represent a legal process or that the debt collector works for a credit bureau.
Harassment: No debt collector is legally allowed to harass, abuse or oppress you – under any circumstances whatsoever. Any of the’ following tactics are violations of the Fair Debt Collection Practices Act:

The use of violence, or the threat of it, or any criminal action that would hurt a person’s body, property or reputation.
Obscene or profane language (verbal or written).
Publishing any lists (except to a credit bureau) that shows consumers who refused to pay a debt.
Threatening or actually posting the debt for sale to another party in order to compel repayment.
Constantly calling an individual on the telephone or engaging a consumer in repeated conversations with the intention to annoy, abuse or harass someone.
Furnishing Certain Deceptive Forms: Debt collection agencies are prohibited from supplying you with misleading or deceptive forms in a bid to make you pay your debts. The Fair Debt Collections Reporting Act states that it is unlawful for debt collectors to design compile or furnish any form knowing that such a form would create a false belief or a false impression that anyone other than the debt collection agency is participating in the collection activity (for example, debt collectors can’t falsely claim lawyers or government agencies are involved)

A List of Rights You Have Against Debt Collectors (Part 3)

Unfair Practices: No debt collector can use dishonest or unfair means of making you pay your debts to them. The following actions are deemed to be violations of the law by these debt collectors:

Collecting any money at all - such as interest, late fees, or any charges other than the principal amount - unless it is specifically permitted by law and/or authorized by the agreement that created the debt.
Taking post-dated checks from you that are more than five days away, unless the debt collector informs you no more than 10 or less than three business days before depositing the cheek.

 

Loving Low-Debt Leaders (Forbes)

A handful of low-debt firms are in a good position to grow profits and catch investors' eyes when the economy and stock market turn around.

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Merrill Brokers Press Pimco, BlackRock to Buy Auction-Rate Debt (Bloomberg.com)

Aug. 20 (Bloomberg) -- Merrill Lynch & Co. brokers are pressing fund managers Pacific Investment Management Co. and BlackRock Inc. to buy back auction-rate securities, aiming to speed up client bailouts in the frozen market.

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Hemmed in by debt? (The Beaver County Times)

BEAVER — At more than $100 million, Beaver County’s debt dwarfs that of the next closest fourth-class county, but commissioners said much of the spending was necessary to replace aging buildings, such as the courthouse and the jail.

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Morgan Stanley Investment Management Releases Institutional Closed-End Fund Monthly Portfolio Holdings Information (Centre Daily Times)

Morgan Stanley Investment Management, Inc. announced today that it will post selected information regarding the Morgan Stanley Investment Management-sponsored Institutional Closed-End Funds listed below, to its public web-site at www.morganstanley.com/msim on August 21, 2008. The posting will include information relating to each Fund's top 10 portfolio holdings for the month ended July 31, ...

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