Fair Debt Collection
Date: Thu, 08/03/2006 - 10:40
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?
No, the payday loan companies are not bound to follow the fdcpa
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.
