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.

by: johnkenvin

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