Chloe Meltzer | October 19, 2022
Summary: Is the Regional Adjustment Bureau coming after you for past due student loans? Find out how to win against them in court.
If you are receiving calls from a debt collector then it can feel like you have nowhere to turn. Especially if you are being pursued by an organization called the Regional Adjustment Bureau (RAB), you most likely are behind on paying your debt. RAB works primarily with those who are behind on student loan payments and work to collect on those debts. This organization also uses a predictive dialer which allows them to make thousands of phone calls each day to consumers.
Having been working in this industry since 1971, there have been many cases filed against them for violations of the Fair Debt Collection Practices Act. If you are receiving calls from the Regional Adjustment Bureau then you need to know your rights and how to respond.
Debt collectors have always purchased your debt from the original creditor who loaned you money. Whether that is credit card debt or student loans, a debt collector only cares about one thing, getting their money back. Although it might seem scary, dealing with Regional Adjustment Bureau Student Loans can be very easy if you know what to say and what to do.
Whether or not a debt collector abides by the Fair Debt Collection Practices Act (FDCPA), you have a lot of rights when it comes to how debt can be collected. In some cases mentioning the FDCPA will stop debt collectors from acting illegally. That is because the FDCPA lays out the laws in which debt collectors must legally follow while attempting to collect a debt. Many people are unaware of their rights, and many debt collectors take advantage.
Debt collectors often break the law by using unfair tactics. They might play on your emotions, work on your fears, and make them real about debt collection. Although they are not allowed to threaten you, if they imply them, you may suddenly find the cash to pay. They might threaten to call your employer to garnish your wages, but this is illegal without court permission. Debt collectors must sue you in order to garnish wages, that is why you need to stay calm and know your rights.
In some cases, debt collectors are known to imply that you are stealing by being in debt, or that you have a moral responsibility to pay. Do not fall for these tactics. Instead, stay calm and ask for all the information about their company and who they work for.
Debt validation letters should always be sent within five days of first contact. This is something you need to have in hand before you submit any type of payment. If you receive a letter or a phone call regarding debt be sure that the numbers are accurate, and that the debt belongs to you.
This letter is required under the Fair Debt Collection Practices Act. You essentially are asking for the debt collector to prove that you owe what they are requesting. If you do not receive the letter, then you have to request it within 30 days of your first contact with the collector. If they cannot prove your responsibility, then you will have enough evidence to get the case dismissed.
Even if you owe the debt you need to be careful to check for outrageous fees and interest added to the total debt amount. Although these are legal, they cannot be done in excess amounts and must be on your original credit agreement.
When you first get a call from a debt collector it is common for them to ask questions such as who you are, and if you own the debt. These are collection tactics. You do not need to answer anything. Instead, you can ask them to communicate only through the mail.
Be sure to avoid giving any more information such as your Email, employer, family information, and any type of credit card, social security, or bank account information. Although you might feel like you can trust a debt collector, the only way to win a lawsuit against them is to never admit responsibility for the debt. It will only get you into trouble later.
If a debt collector is calling about a seven-year debt, then you may be able to ask for a settlement. Most often debt collectors purchase debts for pennies on the dollar. This means you have room to negotiate. Even if it seems like a low-ball offer, they can always counter. Typically this means you will need to pay it off in a lump sum but in some cases, you may be able to pay for it on a payment plan.
The statute of limitations governs how long you can be sued for a debt. The only trouble is that this only applies to consumer debts and private student loans. Depending on the state, private student loans cannot be sued after a certain amount of time. Federal student loans, which make up 92% of the loans in the United States, have no statute of limitations. Despite this, it is something to look into if you have private loans or consumer debt.
Because a debt collector is not your friend and is trying to get you to pay for your debt, you need to get all promises in writing. Debt collectors such as Regional Adjustment Bureau Student Loans are known for making false agreements, and even taking money directly from people's bank accounts. This can ruin you financially even after you have made verbal agreements with debt collectors over the phone. Instead of trusting a debt collector, protect yourself and get all agreements in writing. It also allows you to prove it in court should you need to, in order to beat Regional Adjustment Bureau Student Loans.
SoloSuit makes it easy to respond to a debt collection lawsuit.
How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.
"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James
Here's a list of guides for other states.
Being sued by a different debt collector? We're making guides on how to beat each one.
Is your credit card company suing you? Learn how you can beat each one.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.