Each state of the country has there own state law regulations on how to conduct bill collection. These laws can be divided into two categories: the laws that require collecting agencies to be licensed, registered or bonded in order to collect from consumers in that specific state; and the law that protects the interest of […]
If you think that bill collectors are engaged in abusive behaviors, harassment and illegal activities, it would be better to act immediately. Here are some of the things you can do during such instances.
Tell them to Stop.
Stop the threats, annoying phone calls at inappropriate hours of the day, and abusive […]
It isn’t surprising to hear reports of harassment performed by bill/debt collectors in the news. Such acts though considered illegal under the Fair Debt Collection Practices Act (FDCPA) is still very much prevalent. In this article, we will discuss the instances when you can say that you are being harassed by debt collectors or collection […]
The Fair Debt Collection Practices Act can only administratively executed by the Federal Trade Commission (FTC). The Federal Trade Commission is an independent agency that is accountable to the Congress of the United States. The agency was established in 1914 under the Federal Trade Commission Act. The main function of FTC is the maintenance […]
The individuals and entities covered by the Fair Debt Collection Practices Act (FDCPA) include the debt collectors, consumers and creditors.
Debt collectors are the collection agencies, factoring company or some other name that pertains to be a third-party collector. Debt collectors is defined in the FDCPA as “any person who uses any instrumentality of interstate […]
Dealing with debt collectors can be considered as the one of the most anxiety-inducing and stressful experience for us. The trash talks, harassments and threats can make just about anyone go insane. The federal government of the United States enacted several legislations that could protect the rights of consumers. One of the most […]
Bill collection agencies collect debts in behalf of the creditors. They are paid a percentage of the debts they were able to collect. Persistent and demanding are usually the adjectives associated with collection agencies. They are a total pain in the neck especially to the debtor. More often too, they are more unforgiving and demanding […]