Tweet

FDCPA Laws

Guest post by: John Kevin

Article Overview: 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.

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.

Related Articles
  FDCPA Assures Rights of the Consumer
  Debt Collectors should follow the FDCPA Laws
  Know your Rights in the FDCPA
  What is Debt Collection Harassment?
  Dealing with Debt Collectors
  Debt Collectors Look for a Victim all the Time
  Beware of Charged off Debts!
  How To Succeed In Your "Home Based Online Business Opportunity"
  Unfair Business Practices
  Dean Kamen - Don't Tell Me It's Impossible
  Are Your Breaking the Law?
  Independent Contractor vs. Employee
  Do Not Call!
  Sue Your Boss
  Employee Handbook Red Flags For Multi-State Employers
  How Current are your Training Programs?
  Sales Help Through the Six Universal Funnel Laws for Businesses
  Other Universal Laws
  The Law of Attraction
  Keep Your Communities Safe

Article Tags: debt collection laws, Debt Collection Rights, debt collector harassment, fair debt collection, fair debt collection act, Fair Debt Collection Practices Act, FDCPA



Related Forum Posts
Re: Books for the Entrepreneur - Here's one of my most recent books The 100 Absolutely Unbreakable Laws of Business Success By Brian Tracy
Re: The 10 Goal Method for personal success - Great Post. I've read this before. I believe it was from his "100 Unbreakable Laws of Business." I've also done this and it works like MAGIC. The only problem is I sometimes forget to write down more goals once I've accomplished them...LOL If you haven't tried it yet, you should. It works.
Re: An Assessment Tool for Making Dreams Come True - Sounds a bit like getting what you want through the Laws of Attraction aka LOA. I've seen people use mind visuals to expedite goals such as: (Affiliate links removed by forum administrator) You can also cut and paste magazine pics. When I remember to use them, they are VERY effective. It may take a few weeks, monhts or even years but it comes together beautifully and perfectly. The more often you do it, the faster it happens. Be sure you know what you want! A study with measurable results would be nice. I just don't have the schedule for it though. Good Luck!
Re: Secrets of Self-Made Millionaires - [quote="verbul9":9gffjp50]Indeed...Most CEO's have definitely read the likes of Macchiavelli, Sun-Tzu, 48 Laws of Power, etc.[/quote:9gffjp50] Hi verbul9, Would you be able to share a quote about using ruthless tactics to succeed from one of those popular books?
Franchising & Licensing Can Be The Same Thing - FTC Rule 436 defines franchising as anyone offering an Agreement that contains these 3 things: 1. Licensing a "Mark" - which can be a trade name, service mark, commercial symbol, slogan, etc. 2. In the body of the Agreement, there contains, significant controls and assistance. 3. The licensee is paying the licensor in excess of $500 within the first six months of the actual offering of the business. Licensing and Franchising can mean the same thing today. If you do not decide to franchise and comply with FTC Rule 436, you may be in violation of Business Opportunity Laws that exist in 24 individual States.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Why Your Own Internet Marketing Website Is A Must

Tips for the Novice Traveler

Life is a Balancing Act!

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.