MrMoney
 

Age: 44
Entries: 15
 




MrMoney's Blog

The Fair Debt Collection Practices Act

By MrMoney
posted 6/23/2009

Leave a Comment |  
(0) Comment

Everyone gets behind on their bills once in a while but that does not mean you should be subject to ruthless and abusive debt collectors.  The Fair Debt Collection Practices Act, which is enforced by the Federal Trade Commission, prohibits debt collectors from using abusive, unfair or even deceptive practices in order to collect a debt from you.  Now just because the FDCPA protects you from abusive collectors, that doesn’t mean that you no longer owe the debt to your creditor.  The FDCPA protects consumers from anyone who collects debts on a regular basis, whether it be a collection agency or a lawyer that does that as part of his or her practice, but it only covers personal and household debts and does not include money owed from a business.

There are a few specific activities that a debt collector cannot partake in when attempting to collect a debt from you.  First, debt collectors are only allowed to contact you from 8AM-9PM and not at your place of employment if you tell them you cannot take phone calls their.  It is suggested that if you get a call from a debt collector that you listen to them at least once to make sure the debt is valid and to see if you can settle the debt in a reasonable way.  If you do not want to have the debt collector contact you again, then you can simply ask them not to.  After the call, send them a certified letter confirming that you no longer want to speak with them and they are no longer allowed to contact you.  Be aware that this does not relieve your responsibilities for this debt, it will stop the harassing phone calls.

There are a number of activities that debt collectors are not allowed to partake in:

 

  1. Harassment - Debt collectors may not harass or abuse you or any third parties they contact on behalf of your debt
  2. Make False statements - Debt collectors may not lie when they are trying to collect a debt in order to coerce you to pay the debt
  3. Debt collectors also are prohibited from saying that you will be arrested or your wages will be garnished if you do not pay.
  4. Debt collectors may not lie to you or give you false information about the debt or what may occur if you do not pay the debt.
  5. Debt collectors may not engage in unfair practices such as lowering their fees unless allowed by their state agency or depositing a post dated check early.

  StarReviews Top 3
Debt Consolidation Sites
   
  1) Care One
  2) Credit.com
  3) CuraDebt
   
Also, a debt collector cannot garnish your wages but they can sue you in court in order to collect the debt.  If they sue you and win the case then the court can garnish your wages if decided to by the judge.  All the activities that the FDCPA prohibits do not relieve your debt.  Basically, debt collectors have a job to do and you owe money but the The Fair Debt Collection Practices Act protects you from unfair and abusive practices.

To report unfair practices by a debt collector, go to the Federal Trade Commission (www.ftc.gov)

 

Tags: debt consolidationlegal


Leave a Comment |  
(0) Comment


Debt Collection Practices | Debt Collectors | Fair Debt Collection Practices Act



Affiliate Marketing Program
Airline
AntiSpam Software
AntiSpyware Software
AntiVirus Software
Apartment Rental Service
Audio Bookstores
Auto Insurance Website
Auto Loan Website
Baby Planning Website
Background Check Services
Bargain Shopping Website
Blogging Website
Business Credit Card
Business Networking Website
Car Pricing Website
Car Rental
Catholic Dating
Cellphone Company
Christian Dating Website
Club of the Month
College Scholarship Website
College Textbook Website
Coupon Website
Credit Card Processing Service
Credit Report Website
Custom Promotional Product
Custom T-Shirt Websites
Data Recovery Software
Dating Website
Deal A Day Website
Debt Consolidation
Dental Insurance Websites
Discount Inkjet Cartridge
Download Website
DVD Burning Software
DVD Rental Website
eMail Marketing Service
Fantasy Sports
Fixed APR Credit Card
Flower Delivery Website
Font Download Website
Foreclosure Listing Website
Free eMail Service
Freelance Website
Game Rental Website
Genealogy Software
Genealogy Website
Gift and Gadget Website
Gift Basket Website
Greeting Card Website
Home Equity Loan
Hotel Reservation Website
Identity Theft Protection
Internet Security Software
Jewish Dating Website
Job Search Website
Low Interest Credit Card
Magazine Subscription Website
Message Board Service
MMORPG
Mortgage Refinance Loan
Movie Download Website
Movie Ticket Service
Music Download
Newspaper Subscription
No Annual Fee Credit Card
Nutrition and Health Website
Office Supply Website
Online Auction Website
Online Backup Services
Online Banking Website
Online Beauty Website
Online Bill Pay Website
Online Bookstore
Online Diet Service
Online Electronics Store
Online Fax Services
Online Handbag Website
Online Homework Help
Online Jewelry Website
Online Legal Website
Online Maternity Store
Online News Website
Online Perfume Store
Online Shoe Store
Online Sporting Goods Store
Online Stock Trading Website
Online Sunglass Store
Online Ticket Service
Online University Education
Paid Survey
Parental Control Software
Parenting Website
Party Planning Website
Payday Loan Website
People Search Website
Personalization Website
Pet Supply Website
Photo Printing Website
Photo Sharing Website
Pre-Paid Credit Card
Press Release Distribution Service
Real Estate Listing Website
Recipe Website
Registry Cleaner Software
Resume Writing Service
Ringtone Website
Screen Capture Software
Screensaver Website
Search Engine Submission Website
Self Publishing Website
Single Parent Dating Website
Social Networking Website
Stationery Website
Stock Photography Website
Student Credit Card
Student Loan Website
Study Guide Website
Supplemental Insurance Provider
Tax Preparation Service
Travel Reservations Website
Vacation Club Reviews
Video Sharing
Voice Over IP
Web Analytics Service
Web Hosting Reviews
Website Template Service
Wedding Favor Website
Wedding Planning Website
Affiliate Marketing Program
Airline
AntiSpam Software
AntiSpyware Software
AntiVirus Software
Apartment Rental Service
Audio Bookstores
Auto Insurance Website
Auto Loan Website
Baby Planning Website
Background Check Services
Bargain Shopping Website
Blogging Website
Business Credit Card
Business Networking Website
Car Pricing Website
Car Rental
Catholic Dating
Cellphone Company
Christian Dating Website
Club of the Month
College Scholarship Website
College Textbook Website
Coupon Website
Credit Card Processing Service
Credit Report Website
Custom Promotional Product
Custom T-Shirt Websites
Data Recovery Software
Dating Website
Deal A Day Website
Debt Consolidation
Dental Insurance Websites
Discount Inkjet Cartridge
Download Website
DVD Burning Software
DVD Rental Website
eMail Marketing Service
Fantasy Sports
Fixed APR Credit Card
Flower Delivery Website
Font Download Website
Foreclosure Listing Website
Free eMail Service
Freelance Website
Game Rental Website
Genealogy Software
Genealogy Website
Gift and Gadget Website
Gift Basket Website
Greeting Card Website
Home Equity Loan
Hotel Reservation Website
Identity Theft Protection
Internet Security Software
Jewish Dating Website
Job Search Website
Low Interest Credit Card
Magazine Subscription Website
Message Board Service
MMORPG
Mortgage Refinance Loan
Movie Download Website
Movie Ticket Service
Music Download
Newspaper Subscription
No Annual Fee Credit Card
Nutrition and Health Website
Office Supply Website
Online Auction Website
Online Backup Services
Online Banking Website
Online Beauty Website
Online Bill Pay Website
Online Bookstore
Online Diet Service
Online Electronics Store
Online Fax Services
Online Handbag Website
Online Homework Help
Online Jewelry Website
Online Legal Website
Online Maternity Store
Online News Website
Online Perfume Store
Online Shoe Store
Online Sporting Goods Store
Online Stock Trading Website
Online Sunglass Store
Online Ticket Service
Online University Education
Paid Survey
Parental Control Software
Parenting Website
Party Planning Website
Payday Loan Website
People Search Website
Personalization Website
Pet Supply Website
Photo Printing Website
Photo Sharing Website
Pre-Paid Credit Card
Press Release Distribution Service
Real Estate Listing Website
Recipe Website
Registry Cleaner Software
Resume Writing Service
Ringtone Website
Screen Capture Software
Screensaver Website
Search Engine Submission Website
Self Publishing Website
Single Parent Dating Website
Social Networking Website
Stationery Website
Stock Photography Website
Student Credit Card
Student Loan Website
Study Guide Website
Supplemental Insurance Provider
Tax Preparation Service
Travel Reservations Website
Vacation Club Reviews
Video Sharing
Voice Over IP
Web Analytics Service
Web Hosting Reviews
Website Template Service
Wedding Favor Website
Wedding Planning Website