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However, as you will see shortly, there are quite a few ways that the updated legislation either doesn’t go far enough to ensure protection against predatory collectionagents or simply doesn’t include all of the forms of communication available today. The Type of Creditor Still Matters. Remember the Original FDCPA Rights.
This is the federal law that protects consumers from being harassed by debtcollectors. As we’ve mentioned before, the law applies only to consumer debt, not businesses. The law also only applies to outside debtcollectors, not companies who are owed the money for product or services they provided.
Managing your debt and confronting various debtcollectors can be intimidating, but it becomes much simpler when you understand the rules everyone must follow. One of the most important things to know about any debt is that there comes a time when it is too old for anyone to harass you about it.
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