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Fair Debt Collection

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PostPosted: Thu Aug 03, 2006 10:40 am Subject: Fair Debt Collection

I know in the Fair Debt Collection Act a bill collector cannot call you after 9:00 p.m. - does that apply to payday loan companies?
mar1



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PostPosted: Thu Aug 03, 2006 10:49 am Subject:

No, the payday loan companies are not bound to follow the fdcpa laws. It is applied on collection agencies only. But, if you have placed a request to the loan company in writing not to call you at a certain time, they must honor it. If they do not follow, you won't have a stronger legal stand if they can prove a genuine point against you. It's better to talk with them and settle the matter amicably. If you have a loan from them, they will call you often unless the full amount is paid off.
keystrokes

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