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No law in the United States gives them this right.

When Collection agencies say such things as “your debt gives us the right to contact you at any time of the day” or its equivalents, they are making a false statement. The law does not permit this action and neither should you. It is not within their rights to do this. This is a major offense, it violates the provision of the FDCPA (Fair Debt Collection Practices Act).Īnother way Collection agencies push consumers to take financial steps that they are not prepared for is by threatening them with the possibility of various unspeakable fates such as arrest, wage garnishment, and even jail time. The tone of finality contained in these threats has pushed many consumers to take a number of unplanned steps that they end up regretting.

FINANCIAL ASSET MANAGEMENT SYSTEMS INC WEBSITE SERIES

Misleading information can manifest itself in a series of ways such as the issuing of threats intended to jolt you into action and impersonation.Ĭertain collection agencies may send fake press releases or antique public notices demanding consumers to clear their debts on short notice outside the agreed date. This is by far the oldest trick in the bag manipulated by Debt collectors to lead consumers to clear their debts. Common ways Financial Asset Management Systems may be harassing you If you have suffered unfair treatment at the hands of your third-party debt collector, do not hesitate to reach out to us now on 84. It also makes a provision by means of the FDCPA, the TCPA, and the FCRA, for consumers who have been wronged by unethical debt collection agencies to get justice and monetary compensation. It may interest you to know that the law frowns upon harassing practices perpetrated by third-party debt collectors. As we have told consumers before you, debt collection harassment is not standard practice backed up by law.

These are some of the tactics employed by Debt collectors to compel their clients into paying up their debts fast, regardless of whether they have the means to or not. We have gotten many complaints from consumers through the years of some of the above fears been infused into them by less than reputable collection agencies. Is Financial Asset Management Systems bothering you?Īre you fed up with enduring incessant phone calls from Financial Asset Management Systems? If there was a way out of the mental distress you have to endure by dealing with collection agencies would you take it? Do you know what your rights are with regard to the debt collection process? Have you been unfairly treated, harassed, or threatened that your debt details would get into the wrong hands if you fail to pay up your debts? Have you exhausted all options in your attempt to just make the calls stop? Do not despair, we are here for you.