Unfair debt collection practices you should be wary of
Repaying your loans and credit card EMIs is very important and needs to be prioritised. But under certain unforeseen circumstances, it can get difficult to pay back your dues. Such instances inadvertently put you at the receiving end of a debt collection agency. While the experience of being in debt can cause a blow to your credit reports India certain other factors might worsen your situation. Here are some unfair debt collection practices that you need to be wary of if you miss out on paying your dues.
False pretence of being a government official
It is common knowledge that people are more prone to listen and follow instructions if the one giving them is a government official. This could be the reason why a debt collection agent might falsely claim that they are also a part of the government even when they are not, so they can make you pay your dues back quicker. You must try not to fall for such gimmicks.
Harassment to get money
A major factor that you should be aware of and take action against is if the debt collection services appointed by your creditor threaten to become violent, use obscene or profane words, or participates in any other criminal activity that could harm your personal well being and reputation. You are liable to receive warnings via calls, messages, or emails that ask you to pay your dues, however, any kind of harassment to your physical and mental health in that prospect is not acceptable.
The threat of an arrest
When you are indebted to the creditor, it might be easier to believe that you could be arrested if you do not pay the dues back on time. While the process of debt recovery includes legal letters, it does not mean that you can get imprisoned directly without any legal conflict. Whether you have personal debt or your business is lacking in paying its dues, make sure to check your accounts or business information reports and pay the receivables on time to avoid any legal battle with the creditor.
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