Does the Fair Debt Collection Practices Act Provide Protection For Business Debts ?
The simple answer is no. The Fair Debt Collection Practices Act only provides protection for personal debts. The Fair Debt Collection Practices Act defines a covered debt as: Any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment.
