There are hundreds of debt collectors banned by the Federal Trade Commission (FTC) for illegal practices and some may still try to collect from you.
If a banned collector contacts you, this could be a violation of the Fair Debt Collection Practices Act (FDCPA), even if youโve already told them to stop.
โ ๏ธ What this could mean for you:
You may have the right to take legal action
You could be eligible for compensation (up to $1,000 in statutory damages, plus possible additional damages depending on the case)
They are required to delete the collection from your credit report
The key is knowing your rights and verifying who is contacting you.