Fair Debt Collection Act

The Fair Debt Collection Act is actually a foreshortened version of a federal law called the Fair Debt Collection Practices Act ", often abbreviated as" FDCPA. " The exact name of the law, of course, is not so important. What is important is the protection offered to consumers by the FDCPA. In essence, this law provides protection against harassment and abuse by debt collectors.

> Fair Debt Collection Act - Protection

The law was created so that collectors use old school tactics of the old world with the collection of debts. I mean the collection of stereotypical strong-arm tactics desire-style mafia threats to induce to pay, claiming to have stopped, if not paid, or the demand to sue. (A collection agency collector, ie you can not sue for a debt - only the original creditorSue you.) And keep this in mind, verbal abuse, and generally any form of debt collector harassment, is strictly prohibited by the Fair Collection Management.

Fair Debt Collection Act - Provisions

Many people do not know this law exists, and the protections available to them. It is not really a defined code of conduct, so the debt collectors must followperformance of their collection activities. In addition to those already mentioned, did you know that debt collectors can not call outside business hours of 8:00 to 9:00 local time? And one of my favorites: debt collectors can not call everyone at home or at work, if you tell him no. In other words, this law establishes a cease and desist available to consumers.

This will be music to the ears of anyone who is experiencing excessive calls, threats and demands for payment on your home phone, mobile and office all day. The rationale for these provisions of the Fair Collection Management is simply that you have the right to say that debt collectors do not want to communicate via telephone with them and they should put all communications in writing - and must comply with the application, by law.

Another important provision of the Fair Debt> Collections Law is that when you document a collector to violate any aspect of the Fair Collection Management Act (ie, burn to engage in verbal abuse, or keep a log of calls received after hours acceptable) may sue the "debt collector for $ 1000 for each violation. What can be added quickly, and collectors know this, so having a working knowledge of this law can give immense power to stop collectingharassment.