Guide to Banking Labor Laws

Credit cards are fast becoming the medium used in any business or personal transactions. However, a vast majority of credit card holders fail to effectively manage their credits which results in a ballooning of their expense accounts. As a rule, credit card companies and banks may use reasonable and legal means to collect the amount.

However, here are some practices which can open up a credit collector to a probable suit by the card holder:
1. Use of threat or violence
2. Use of insults, obscenities or profanity
3. Disclosure of the card holder’s name
4. Threat of illegal action
5. Communicating false credit information
6. False representation or deceptive means to collect debt or information
7. Calling at unreasonable or inconvenient hours