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Fair Debt Collection Practices Act (FDCPA)

Better Credit Blog

Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.

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Dealing with Debt Collectors

Debt Free Colorado

Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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Impact of Collection Agency Letters on Debtors

Nexa Collect

They might try to settle the debt for a lesser amount, or establish a payment plan that allows them to pay off the debt over time. Seeking Legal Advice or Help : A collection letter may prompt some debtors to seek advice from a lawyer or a credit counseling service.

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What is Zombie Debt?

Sawin & Shea

This is called zombie debt. It comes from debt collectors and purchasers who try to twist the rules in their favor convince you to pay. The FDCPA Doesn’t Always Stop Zombie Debt. Zombie Debt is Often an Idle Threat. But if it’s an extremely old debt, those things are unlikely to happen.

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5 Steps to Fight a Credit Card Lawsuit

Credit Corp

Consult a lawyer: If you are unsure how to draft your response or need help asserting defenses, consult a lawyer or a legal aid organization. Many provide free or low-cost assistance for debt-related cases. Credit Card Lawsuit Dismissal FAQ Can A Credit Card Company Or A Debt Collector Sue You?

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Best Practices for Call Baiting in Debt Collection

PDC Flow

The term call baiting may seem self-explanatorybaiting a debt recovery professional during a phone call. This can be a Fair Debt Collection Practices Act violation, or violation of other laws or regulations which pertain to debt collectors. Are you going to garnish my wages? Why Do People Call Bait?