Collection
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Debt Collection Laws: An Overview
The main law a creditor must comply with when collecting a debt is the Fair Debt Collection Practices Act (FDCPA). Congress enacted this law in 1977 to protect the interest of debtors.The Purpose of the FDCPA is to:1. Eliminate abusive, deceptive and unfair debt collection practicesDebt Collectors may not call you to collect a debt at inappropriate hours of the day, use inappropriate language or lie when speaking to a debtor.2. Make sure that debt collectors who do not use abusive debt collection practices are not at a competitive disadvantagePreviously, … Continue Reading