FDCPA Laws
The Fair Debt Collection Practices Act (FDCPA) was passed by the Congress and is enforced by the Fair Trade Commission (FTC) to ensure fair debt collection by debt collectors. The Act has laid down laws to regulate the debt collection practices. Under this Act it is imperative for the bill collectors and collection attorneys to abide by the rules of the FDCPA. This along with the Fair Credit Reporting Act (FCRA) forms the regulatory body of debt collection. Many states have their own well defined debt collection laws that also need to be followed by the debt collectors.
The laws require a fair collection of the debt. You are protected by the FDCPA even if you owe a debt.
The FDCPA laws include:
A debt collector is a person who collects debt regularly;this applies to attorneys also
The debt has to be collected fairly by the debt collector
A debt collector can call during day time on the number agreed by you and request for payment
He should stop calling you upon written request or after engaging an attorney
A debt Collector cannot demand or trouble you in any form
Fair debt collection laws protect you from debt collector harassment
A debt Collector may call you at your office if he does not know your employer disapproves
A debt collector must stop calling work place if you have requested him not to
A debt collector can call you once more after receiving cease and desist letter
A debt collector can call third parties only to get information about your contact details
Fair debt collection requires a debt collector to follow the laws of the FDCPA. Fair debt collection ensures protection of the consumer. Under fair debt collection it is required that the collector does not call you repeatedly at inconvenient times, harass you by using abusive language, try to collect more money than the actual debt, call you at workplace or threaten to garnish your wages.
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The RFDCPA differs in this as the RFDCPA includes creditors as debt collectors.
The Fair Debt Collection Practices Act (FDCPA) is a federal act that came into existence to ensure fair debt collection. The act is enforced by the Federal Trade Commission (FTC) and private attorneys to protect consumers from unfair practices of the third party debt collectors.
The FDCPA lays out several categories of abusive and illegal debt collection practices and provides remedies you can use if you are abused by a debt collector or debt collection agency.
The Fair Debt Collection Practices Act exists to protect consumers from predatory and illegal debt collection techniques. No matter how much money a consumer owes, any collection efforts need to follow the rules outlined in the FDCPA.
Your rights under the Fair Debt Collection Practices Act
If you are a victim of debt collectors harassment, you should be aware that the Fair Debt Collection Practices Act FDCPA has stringent rules to deal with it. These rules define harassment by debt collectors.
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