Debt Collection Act helps to fight illegitimate debt collectors
At every step in life you will come across rules and regulations that protect your rights and also define your limitations. Rights and responsibilities are just the opposite sides of the same coin. There is an inseparable connection between the two. Debt collection also follows certain rights and responsibilities as given by the law.
- What exactly are the rules concerning debt, debtors and debt collectors?
- What control do you have over payment of debts?
- What is Fair Debt Collection Practices Act?
You are a debtor if you are involved in any of these acts:
- You use credit cards.
- You owe money on a personal loan.
- You are paying for your home mortgage.
A debt collector is one who collects payments towards debt from a person who is under serious debt related problems. It can be any individual, a company or agency or even solicitors and attorneys other than the creditor himself. These people regularly collect debts on behalf of the creditors to whom you owe the loan. If you are unable to pay off your creditor the right amount at the right time or if there are some errors in your account book, the debt collectors contact you. They cannot impose any act on you because under all situations the Fair Debt Collection Practices Act is there to protect you. Under this Act, debt collectors are bound to treat you fairly prohibiting certain methods of harassment that goes against the law. Even if these laws protect you, they cannot help you get rid off your total debt.
We offer you Debt Consolidation so that you get rid off depressions due to debt burden. We have helped many people come out from the clutches of debt in the easiest, fastest and safest way. We offer you free debt consolidation services to gift you a debt free life ahead. We have some exclusive articles on debt related topics where we show you the path towards freedom from debt.
The Fair Debt Collection Practices Act Simplified: A Primer on the Law
A simplified version of FDCPA
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
Posts: 195
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But this does not apply to the original creditor, just debt collector or CA, right? What happens if the creditor is not following these rules? Who should I report them to?
Posts: 4790
Credits: 42313.55 Send message to cajunbulldog
Original creditors are exempt.Look at your state laws.Another place to look is fair credit reporting act.This law governs how they report on your credit bureaus.
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
Posts: 195
Credits: 6467.8 Send message to lrhall41
I will do that. Thanks.
Posts: 2379
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cajun, Great information. Something that everyone should be aware of their rights. Thanks for all your hard work. KYSIDE38
Posts: 4790
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kyside38,
:D I have a bunch of this info,still learning rules on size of post,attachments,etc. :oops: I'll get some more once I figure it out!
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
Posts: 4790
Credits: 42313.55 Send message to cajunbulldog
Thanks for the sticky, Mike.
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
Posts: 1256
Credits: 28349.55 Send message to Mike
You are welcome, cajun :)
The technical problem in the website is keeping me very busy for the moment. I am sorry that I didn't post earlier that your topic is included in the special topics of the "Dealing with Collection Agency" forum.
Thanks for your hard work
Regards
Mike
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Thank you cajun & Mike!
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Thanks for posting this.
Debt Samaritan
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Credits: 5051.05 Send message to sswett
This website is part of the FTC
http://www.consumer.gov/sentinel/
It has loads of information relating to consumer scams and ID Theft.
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