The Fair Debt Collection Practices Act (FDCPA) is a federal law that regulates how mortgage, medical billing and credit card companies may attempt to collect on a debt. It also prohibits collection agents from being allowed to use deceptive, abusive or unfair techniques to try to collect the money that you may owe them.
Debt collectors are required to follow the law known as the Fair Debt Collection Practices Act. This law helps to protect the public, also known as consumers, from unfair collection practices. Even with this law in place many debt collectors continue to use unfair practices to collect debt in Vadnais Heights, Minnesota. Here are some common signs of debt collector harassment you should be on the lookout for at all times.
When you are struggling to pay off your debts and keep up with repayments, it can be one of the most stressful things when you have to deal with abusive debt collectors.
Have you been continuously called or bothered by debt collectors? Has a collector told you that you might be arrested if the debt is not paid? The Fair Debt Collection Practices Act (FDCPA) is in place to stop this kind of behavior. The Act requires that debt collectors not only treat people fairly, it also bans specific types of collection methods.
When was the last time you checked your credit report? Many people do not check their credit reports until they are attempt to get financing and find that credit is either denied or offered at less than favorable terms. Credit reporting errors can have significant consequences. Fortunately there is something you can do about it.