Reel Time Capital Debt Collection Harassment?
Reel Time Capital Debt Collection Harassment? Third-party debt collectors like Reel Time Capital, often try to coerce you into paying off those debts. This often makes them cross the thin line that differentiates between what is legal and what is illegal during the debt collection process.
If you are currently receiving endless and disturbing calls from Reel Time Capital, then you get the picture of how debt collectors tend to cross the line. Your request to not be bothered again probably even went unanswered, and they might have turned the heat up by saying you are a criminal, and that they can contact or speak to you however they please simply because you owe a debt. They might have also committed one of the greatest injustices by force-feeding you wrong information just to scare you and get you to pay off your debt quickly. These tactics are common in debt collection scams, where scammers use harassment and deceit to pressure you into making payments.
If Reel Time Capital is harassing you with constant phone calls or threatening to take legal action and garnish your wages or telling your family and neighbors that you owe a debt, their actions are illegal and need to be stopped. Call us now on to take action.
Why is Reel Time Capital calling?
You may be wondering why Reel Time Capital has suddenly started calling when you didn’t have any business to do with them. If your debt goes into default and you fail to make payments to your first-party debt collection agent or original creditor, it will be assigned to a third-party debt collection organization. The debt is, however, still owned by, and owed to, the original creditor. If the third-party agency successfully gets you to resolve your debt, they will earn a commission on the amount that you pay. Because they earn only when they get you to resolve your debt, they will often go to the greatest lengths to ensure that you pay up.
The debt collection process is in its final stage when you do not make payments on your debt for so long that the original creditor will write it off and sell it (often for pennies on the dollar) to a third-party debt collection agency. In this stage of the process, your original creditor is no longer involved. The debt now belongs to the third-party agent, and it is now up to them to get you to pay.
Your original creditor’s internal collector is the first-party agent, you, as the debtor, are the second party, and if the debt gets transferred to a debt collection organization, they become the third party. This is why Reel Time Capital may be calling you. Consumers should be cautious of fake debt collectors and verify the legitimacy of any debt collection agency contacting them.
Understanding the Fair Debt Collection Practices Act (FDCPA):
The Fair Debt Collection Practices Act, enacted in 1977, serves as a crucial safeguard against abusive practices in the debt collection industry. Its primary purpose is to protect consumers from harassment, intimidation, and other unfair tactics employed by debt collectors. The FDCPA outlines specific rules and restrictions that debt collectors must adhere to when attempting to recover debts from consumers.
Prohibited Actions Under the FDCPA:
- Communication Practices: The FDCPA explicitly addresses communication practices, seeking to prevent harassment through incessant and inconvenient contact. Debt collectors cannot engage in communication at unusual times or places that are known to be inconvenient to the consumer, such as late-night calls or calls at work after being told not to. Consumers can send a written request to debt collectors to cease communication, which the collectors are legally obligated to follow.
- False or Misleading Representations: Debt collectors cannot make false or misleading statements when communicating with consumers. This includes misrepresenting the amount of the debt, the legal status of the debt, or the consequences of non-payment. Such deceptive practices can cause unnecessary stress and confusion for consumers.
- Threats and Intimidation: The FDCPA explicitly prohibits debt collectors from using threats, coercion, or intimidation to force payment.
- Unfair Practices: Unfair practices, such as attempting to collect interest, fees, or charges not authorized by the original agreement or state law, are also violations of the FDCPA. Debt collectors must adhere to the terms agreed upon in the original contract and cannot add unauthorized charges.
- Validation of Debt: Upon the consumer’s request, debt collectors must provide verification of the debt. This is a crucial right granted by the FDCPA, allowing consumers to ensure the accuracy of the debt being pursued.
Under the FDCPA, you may receive statutory damages up to $1000.00 and the debt collector is responsible to pay for your attorney fees.
What is Debt Collection?
Debt collection is the process of pursuing payments from individuals or businesses that owe money to creditors. Debt collectors may work directly for the creditor or be employed by a third-party debt collection agency. Their primary goal is to recover the debt amount, plus any additional fees or interest, from the debtor. While debt collection can be a legitimate and necessary process for creditors to recover their losses, it can also be a source of stress and anxiety for debtors. Understanding the fair debt collection practices and knowing your rights can help you navigate this challenging situation more effectively.
Who is Reel Time Capital?
According to their website, Reel Time Capital specializes in a range of services to help navigate distressed Debt Buyers and Sellers to achieve maximum cash flow and returns on their portfolio investments. Our company uses a portfolio analysis and market approach to acquisitions and reselling opportunities.
Contact Information
REEL TIME CAPITAL, LLC.
877-255-2153,
4805 W Laurel St
Suite 300
Tampa, FL 33607-4552
INFO@REELTC.COM
Additional phone numbers associated with Reel Time Capital:
813-579-9391, 719-717-4651, 844-684-7424, 813-400-2070, 855-434-8614, 855-427-9088, 661-247-0697, 855-428-8683, 855-430-5692, 855-202-9247, 515-207-6074, 505-354-8632, 888-382-6325, 855-458-3127, 855-457-9896, 855-485-6396, 855-377-2734, 877-255-2153, 877-605-7323
Is Reel Time Capital a scam?
Reel Time Capital has been in business since 2017. Read more about it here: Reel Time CapitalBetter Business Bureau
If you suspect that you are dealing with a debt collection scam, it is crucial to report it to local law enforcement for further investigation and protection.
Warning Signs of a Debt Collector Scam
Debt collector scams are becoming increasingly common, and it’s essential to be aware of the warning signs to protect yourself. Here are some red flags to watch out for:
- Unsolicited Calls or Emails: Be cautious if you receive unexpected calls or emails from unknown debt collectors. Legitimate debt collectors will usually contact you through official channels.
- Threats of Arrest or Legal Action: Scammers often use threats of arrest, lawsuits, or wage garnishment to intimidate you into making immediate payments.
- Demand for Immediate Payment: Be wary of demands for immediate payment, especially if they insist on unconventional methods like gift cards or wire transfers.
- Requests for Personal Information: Legitimate debt collectors will not ask for sensitive personal or financial information over the phone or via email.
- Lack of Proof: If the debt collector fails to provide proof of the debt or the creditor’s identity, it’s likely a scam.
- Aggressive or Abusive Language: Legitimate debt collectors are required to follow fair debt collection practices and should not use aggressive or abusive language.
If you encounter any of these warning signs, it’s likely a debt collection scam. Protect yourself by staying vigilant and verifying the legitimacy of the debt collector.
How to Verify a Debt Collector’s Identity
Verifying a debt collector’s identity is crucial to ensure you’re dealing with a legitimate debt collector. Here are some steps to take:
- Ask for Information: Request the debt collector’s name, company name, and contact information.
- Check Online Presence: Verify their legitimacy by checking their website or social media profiles.
- Research the Company: Look up the company online to see if there are any complaints or reviews.
- Contact the Creditor: Reach out to the original creditor to confirm the debt and the debt collector’s identity.
- Request Written Validation: Ask for a written validation of the debt, including the amount, creditor, and account number.
By verifying a debt collector’s identity, you can protect yourself from scams and ensure you’re dealing with a legitimate debt collector.
How to Stop Debt Collection Harassment
Debt collection harassment can be stressful and overwhelming, but there are steps you can take to stop it. Here are some options:
- Send a Cease and Desist Letter: Write a letter to the debt collector requesting they stop contacting you. This can help put an end to the harassment.
- File a Complaint: Report the harassment to the Federal Trade Commission (FTC) or your state’s Attorney General’s office.
- Seek Professional Help: Contact a credit counseling agency or a debt management company for assistance.
- Hire an Attorney: Consider hiring a debt collection attorney to represent you and protect your rights.
- Keep Records: Maintain a record of all communication with the debt collector, including dates, times, and details of the conversation.
By taking these steps, you can stop debt collection harassment and protect your rights as a consumer. Remember, the FDCPA forbids debt collectors from engaging in abusive practices, and you have legal remedies available to you.
Do you have a question about Reel Time Capital?
Our team is dedicated to helping you understand everything you need to know about Reel Time Capital and the debt collection process. Ask us a question here.
CONSUMER RIGHTS LAW FIRM, PLLC
Consumer Rights Law Firm, PLLC is a law firm that specializes in helping clients who are facing harassment from debt collectors in any form, including telephone communication. Rather than suffer alone, contact our office to begin the process to stop the Reel Time Capital harassment. Our office has been assisting consumers since 2010. We have an A+ rating with the Better Business Bureau.
If you are interested in learning more about how to safeguard yourself and prevent even more harassment from Reel Time Capital, call us at for immediate assistance or visit our website at www.consumerlawfirmcenter.com
