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"Legal loan sharks" "If you don't send money to me today you're done," said a recent text shared by a business owner. "I will put you in the hospital and your family, call the police I don't care, you and your family will pay https://www.nbcnews.com//ftc-official-legal-loan-sharks-ma

Dealing with collection agencies can be a very stressful experience. However, you should remember that while they have the right to try to recoup their money you also have rights in this situation. The Fair Debt Collection Practices Act (FDCPA) protects you in this respect. Remember: Collection Agencies should be respectful at all times never using intimidating language or threats.... Agencies are only permitted to contact you within the hours of 8 am and 9 pm. It is advisable to keep records of any communications you may have with a collection agency including a call log and any voicemails received. These can be useful in terms of negotiating a settlement. If you don’t feel comfortable dealing with a collection agency directly, there are companies that will do so on your behalf - just make sure you use a reputable company and get any agreement in writing.