How Registering With FTC Can Help You against Illegal Debt Collectors?

It is always important to contact a fair debt attorney, especially if you have ever been a victim of illegal debt collection practices. In case of such experiences, it is important to file a complaint with the Federal Trade Commission or FTC. You can even register a complaint online or use the toll free number provided. The FTC stays vigilant on any reports regarding to debt collection and they try to fix any issues as soon as possible.


Illegal debt collection practices are immediately checked and any foul practices on South Africa personal loan are brought into light. They then report such matters to the government. A recent review conducted in 2011 reported a disturbing trend of foul debt collection practices. The agents are now trying to curb this menace. The FTC receives complaints from other industries too; however it is the debt collection industry that remains on top when it comes to rising statistics. There has been a sudden release in the number of complaints registered. The FTC received 140,036 complaints during the year 2010.

This is almost a 27% increase than in the previous year. Another trend regarding this is the increase in complaints registered against third party collectors when compared to in house debt collectors. The FTC complaints on personal loan South Africa against false debt collection practices, misconduct and misbehavior are taken seriously by the government. They may also charge a single lender for multiple allegations and harassment.

The FTC maintains a code of conduct for lenders which they are to follow. Any type of illegal behavior thus is considered an offence. Most complaints that were registered in the year 2009 were regarding bogus calls and harassment calls from debt collectors. They were also charged for using profane and abusive language. Threatening calls can be alerted to FTC who will take strict action against the caller. Another complaint that is often registered against debt collectors is them trying to collect more money than customers owe. This can also be reported at a local FTC office.
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Why auto loans are important for you

Do you have some shortage in money and want some money urgently then you can surely go for short term loans. If you are really want some money and cannot find any other way out then this can be a good option for you.


There are certain advantages of this kind of loans. That is as from the term itself you can understand that this loans are for short period of time and hence you will not have to take the headache of this burden for long period of time.
More over these loans are given easily without checking your bank records. Hence if you have any bad credit or low bank balance or even if you have any bad records previously then also you will get your loans easily.
Another important thing is this loan giving process is much faster than other traditional processes and this is because they do not require much checking. The effect is you get your loan easily and solve your problem easily and you will get time again to think about your own business. The whole procedure is online and hence you do not need to go anywhere else for your loan and moreover you will not have to give any costly thing as collateral.
The things you will have to do is just fill up a simple form containing the basic information about the amount of loan and all and within a day or in some cases in some hour you will get your loan added to your account.
This kind of business loans are much faster than any other loans or credit you can get and more over this kind of loans basically helps when you are in urgent need of money. Hence if you are in such situation you can surely go for this kind of auto loans.
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