What is the Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act, also known as the FDCPA, is a law passed by Congress that regulates the methods of collection agencies, you can use to collect money from debtors who are delinquent . In the past, many collection agencies that use unethical methods to obtain payment from the people, and this law was created to regulate the protection of the debtor.

There are some guidelinesCollection Agencies> should follow when trying to obtain payment. The law applies to a wide range of debts, including medical bills, car loans, credit cards. Many states have additional laws that serve to protect consumers, and laws may cover the debts that are not covered by the FDCPA. It is important to have a basic understanding of this law. Is prevented from becoming a victim of collection agencies that use illegal methods to obtain payment from you.

Underthis law, collection agencies are not allowed to contact relatives or employers of a debtor. The only person who can contact other than yourself is someone who has co-signed the loan with you. Nor are they allowed to threaten to ruin your credit report or a lawyer to force payments. You can only warn when these actions are in the process of preparing to do so. Making false warnings to scare paymentsis not allowed.

collection agencies are not allowed to make phone calls at times that are considered reasonable. Any phone calls made before 8 am or after 9:00 are not allowed. It is necessary to pass the calls that are placed outside this time interval before. Collectors also can not make a call while in your workplace. The use of profanity or racist terms is also not allowed. The cards can not be shipped to you that resemble those sent by the courts, and ifdecides to sue six years were not allowed to have a judge who is far away from home.

It is important to understand the law, if you are in a situation where you have a lot of debt and are having trouble making payments. While you should always try to repay what you owe, collection agencies are limited because they are able to contact the users of such payments. Many agencies may violate this right, and if you are not familiar with it, notable to take any action to defend themselves. If a collection agency violates the FDCPA, you may be able to take you to court. If it is found that there have been numerous violations of debtors, a class action lawsuit may be filed.

If a collection agency violates this law, contact you, you can report it to the general counsel's office. If the agency is in a different state, you may contact the Federal Trade Commission for assistance.You can also discuss the debt you need to send a letter to the Agency within 30 days from the first notice to inform you that you have nothing. The body will be forced to cease contact with you, but may decide to take further action which may require going to court.

The FDCPA is an important law that can protect if it is in contact with collection agencies. While it is important for you to pay the debts you have, agencies should not useunethical methods to get to make the payments. This is a violation of the FDCPA, and may be held accountable.