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Federal Fair Debt Collection Practices Act

August 27th, 2011 |

Author: Gavin

federal fair debt collection practices act

Introduction to Best Practices The Fair Debt Collection Law more

In 1978, the Fair Debt Collection Practices Act was created to eliminate the abuses made by debt collectors and to protect consumers. Reading this article will give you more information on some unfair practices that should be considered.

If you have found one of these violations are committed by a debt collection agency or a creditor to collect debts from you, please contact the Federal Trade Commission by calling its toll-free 1-877-FTC-HELP (1-877-382-4357) or visit their website at ftc.gov . Because debt collection laws vary, depending on the state you live in, which is a necessity to also get in touch with the Attorney General. Below are the unfair practices of debt collection of debt collector might have made:

Calling the wrong time. It is stated in the FDCPA that a debt collector may contact by telephone about their debts, but not before 8 am or after 9 pm. If the creditor tries to call during these hours are not professional, you can report it to the FTC immediately.

Continuous effort collect debts, even after his request for arrest. By law, you may send a letter of request to the creditor to stop its collection efforts. When you receive your letter, the collection agency is still in contact with you, you may file a complaint with the FTC.

Contact a third party in connection their debts. Contact a third party and disclose any details of your debt is one thing that a debt collector should not do. However, collecting a debt can contact a family member or friend to ask him about his contact information.

Contact you at your workplace. A debt collector should not make any attempt to collect debts from you at your workplace if you told them that this is not acceptable.

Contact you directly when it is represented by a lawyer. Once a collection agency reports that are represented by an attorney, he / she should only try to contact his lawyer.

Threats using, obscene language or missing. A debt collector may not use any profane language when a borrower is no matter how long overdue debts. If the creditor collects debts in this way is clearly a form of harassment and violation of their rights as consumers.

Publishing your name on a list of People with bad debts. The publication of a list with the names of borrowers who have outstanding debts on your accounts is nothing more than a collection agency debt is not allowed to do.

Using misleading statements to make him pay. A debtor or a collection agency should not try to use misleading information to force a borrower to pay. For example, they must be informed that legal action has been taken as yet to be done. You should not be threatened your property will be confiscated if this has not been dismissed by the court. If the debt collector to make such statements, checking their accuracy and if you have found this information that is false, the report of the collection agency immediately.

About the Author

Since 1989, New Horizon Business Services, Inc NHBS, Inc has been providing consumers and business owners with financing. Join our mailing list for
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The Fair Debt Collection Practices Act

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The Fair Debt Collection Practices Act (FDCPA) is a U.S. statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purpose is to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information’s accuracy. The Ac…