How Do You Know What The Fair Debt Collection Practice Act Can Do For You?
It is an inevitable fact of today’s economy that some people will fall behind in paying their bills, and have trouble with collection agencies. As people are laid off from their jobs, we could see debt collector abuse become a national problem once again. Did you know the law sets limits on how collection agencies can treat you? The Fair Debt Collection Practice Act, FDCPA , is a law that provides guidelines for collection and protection for debtors. This law was passes to stop abusive conduct by collection agencies. Congress thought the abuse was increasing bankruptcies. If you have personal, family, and household debts, and are harassed by collectors, these are covered under this law. This includes purchasing a car, medical bills, financing something in retail, mortgages, and for money you owe on your credit cards. Certain store credit cards which, have their own collection department can contact you. The law does not apply to them. However if they use an “outside” agency their condu
