Individuals who owe money to the World Financial Network National Bank (WFNNB) may find themselves the victim of undue harassment. Many consumers find that their credit report shows an outstanding balance when they have actually paid off the debt. Creditors resort to tactics such as constantly calling people at work and at home and sometimes resort to using threatening language.
The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using unfair practices to collect debts from consumers. This federal law states that collection agencies cannot do the following:
Complaints can be filed with the Federal Trade Commission (FTC), which is tasked with enforcing the laws associated with unfair business practices. In addition, you can file complaints with your State Attorney General and also the Better Business Bureau. Some consumers may not be aware that most debts expire over time and once the statute of limitations has run out, they can no longer enforce the debt to be paid.
Debt collectors who violate the Fair Debt Collection Practices Act can be fined $1,000 for each violation. If creditors are constantly harassing you, you may want to consult with an attorney. It’s possible that you can file a civil suit against these people for damages and end up making them pay your attorney’s fees as well.