The Fair Debt Collection Practices Act (FDCPA)

[eightthirty]

The FDCPA protects your rights, as a consumer. As a former Collections Representative and Compliance Auditor (in regards to Federal Law aka FDCPA), I would be more than happy to answer your questions regarding the laws. It's actually quite an extensive law (IMO), but I know it quite well!

You can also find information here. (http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm)

Both of my parent's have experience in Collections and the law (FDCPA), with my father currently positioned as a Collection Manager, so again, I should have an answer for you!

What is the FDCPA?
A federal law that outlaws unfair debt collection practices, including lying, harassing, misleading and otherwise abusing debtors (http://www.nolo.com/definition.cfm/term/57FF95F2-67CD-45EC-8956CF3EDAB05F19), by debt collectors (http://www.nolo.com/definition.cfm/term/176E5982-7C52-4BBB-BD2F424F3B3F408C) working for collection agencies (http://www.nolo.com/definition.cfm/term/E66CB42B-B64A-4C4F-8B7A5717C36F4976). The law does not apply to creditors (http://www.nolo.com/definition.cfm/term/A2FBDAEA-8395-4F08-A5C85675CA22EA5E) collecting their own debts. This law has greatly improved conditions for debtors, although more than a few debt collectors ignore the law. If a collection agency violates the law, debtors can contact the Federal Trade Commission (http://www.nolo.com/definition.cfm/term/0A92DE0A-A10F-4D6C-9A60F5484EB6D30F) for help.

[pwsforums]

it is really important for everyone to follow fair debt collection practices act. thanks for sharing informative links

[pwscs]

FDCPA keep them updated to meet the future challenges. whats their current policies and how can we keep ourselves updated?

[pwsforums]

there are many organizations who carry the updates of FDCPA

[movemoveny]

The Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act. It is sometimes used in conjunction with the Fair Credit Reporting Act.

[aelSmith]

It's good to know that FDCPA is really concern with helping the consumers. But we should always be keep updated about new policies or what is the right action in a certain situation. Is there any websites where we can find any updates on FDCP?

[shannon]

FDCPA requires that the consumer must be given 30 days to settle the dispute before the debt collector. Dishonest collectors may choose to ignore this and to require payment of a much shorter time, while the law-abiding collectors will have to wait the full 30 days. This means that the collector takes the wrong money faster and can move on to collect another consumer, while the collector has the right to honest somersaults.