Can a debt collector tell me to pay more than I owe on a debt?

In Tennessee, a debt collector cannot legally require you to pay more than you actually owe on a debt. Tennessee debt collection law prohibits debt collectors from asking for excessive amounts from debtors. This means that, even if a debt collector makes an error in their calculations, they cannot require more money than what is actually due. Furthermore, if a debt collector does attempt to collect an amount that is higher than is owed, they could be subject to fines and other legal action. The Tennessee Department of Commerce and Insurance, Consumer Resources Division is the entity responsible for enforcing the laws regarding debt collection in Tennessee. Debtors who feel they have been overcharged or subjected to aggressive and unfair collection tactics can contact the Consumer Resources Division to file a complaint. It is important to note that a debt collector might offer to settle your debt for less than the total amount owed. If you agree and make a payment, you must ensure that the debt collector is aware that they are accepting the payment as a full settlement of the debt. Otherwise, you may end up owing more money than you originally agreed to pay. Ultimately, Tennessee debt collection law does not allow debt collectors to require more payment than is actually owed on a debt. If you believe that a debt collector is attempting to unlawfully collect an amount greater than what is due, contact the Consumer Resources Division for assistance.

Related FAQs

Is it legal for a debt collector to claim they are going to take legal action against me?
What happens if I make a payment to the wrong debt collector?
Can a debt collector contact me after I’ve sent them a cease and desist letter?
Can a debt collector turn a debt over to an attorney for collection?
Can a debt collector ever report negative information to credit bureaus?
What should I do if I am being harassed by a debt collector?
Are there any exemptions from the Fair Debt Collection Practices Act?
Can a debt collector tell me to pay more than I owe on a debt?
Are there any laws that protect me from debt collectors?
Can a debt collector contact me about a debt that I’ve already paid?

Can a debt collector tell me to pay more than I owe on a debt?

Related FAQs

Related Blog Posts