Giving hope to hopeless since 2007

84% Clients satisfied
In the last 7 years

Watch 363 live reviews
Know why people trust us

100% Refund
When there is no result

We follow FTC
Since we care for you


Maintaining Your Rights with Respect to Debt Collectors
Rating: 
5
Average: 4.4 (7 votes)
 Article    Disqus 
Wiki Article Picture: 
Maintaining Your Rights

Let's face it - a lot of debt collectors aren’t really in the habit of being nice or respectful. If you have ever been late on a credit card payment or a loan payment you will know that these collectors will call you day and night to pester you about paying your overdue bill. What you may not know are your rights regarding what the debt collectors can do when attempting to reach you.

The Fair Debt Collection Practices Act (FDCPA) is a Federal Law that governs the practices of debt collectors. It includes such provisions as requiring debt collectors to inform the consumer that they are attempting to collect a debt, refraining from threats or obscene language, giving you false information about what might happen to you, and many other provisions. The full Act can be seen on the U.S. FTC website - http://www.ftc.gov/os/statutes/fdcpa/fdcpact.shtm

Many times whomever the debt is owed to will sell the debt to companies that are in the business of collecting debts. Often these are law firms and these are the same law firms that will commence a lawsuit against the debtor. Therefore the communications the debtor will have will be with a law firm. The debtor should take careful note of the actions of these law firms and collection companies, because if it is believed that they are violating the FDCPA, it can help in defending a collection lawsuit, or a new lawsuit could be instituted against the debt collectors. Just recently, a prominent debt collection law firm entered into a class action settlement in Federal Court because of alleged violations of the FDCPA. Remember this the next time you are being bothered by a debt collector.



Latest Articles

3 Ways you are ruining your retirement

Most of the time it’s our own shortcomings and whimsical nature that impact our retirement savings than any other economic or political event. However, we go on cursing the stock market collapse, increased joblessness, decrease in the GDP and anything dour we come across. National tax ...

View more »
Latest answers

Which one is the worst money threat for you ...

Which one is the worst financial threat - credit card debt, payday loan debt or student loan debt ...

View more »
Latest from blog

5 Ideas to enjoy a winter break on President’s Day weekend

President's day weekend is a great opportunity to take a long winter break with family. In honor of our founding fathers (Washington, Jefferson and Madison) you can visit some historical places with family. Here are some ideas to plan a getaway to enjoy the winter season and get some ...

View more »