The Fair Debt Collection Practices Act was enforced in 1978 as part of the Consumer Credit Protection Act. The mission of the FDCPA is to protect consumers against abusive debt collection as well as provide consumers with fair debt collection processes. There are many enforced regulations as well as practices that are ruled against.
The Federal Trade Commission states that there are rules to be followed for those who are locating information about the consumer. The debt collector may not communicate by postcard or state that the consumer owes any debt. They must also state who they are and that they are communicating to locate information about the consumer. The debt collection company may also not use any language on any form of communication to show that they are in the debt collection business.
Harassment and abuse are violations of the Fair Debt Collection Practices Act. If a debt collection company is using violence against the consumer, their reputation or their property, this will be in violation of the act. The use of obscene language is also not permitted by law. Creating a list of debtors except for the use of a consumer report is also in violation of the law. And lastly, calling a debtor an obscene amount of times is not allowed.
If a debt collection agency is in violation of any of these acts there are serious consequences that can be in the foreseeable future. It is very important that the debt collection agency abides by the law. Click here to learn more about the FDCPA and how debt collection agencies work.
The government has enforced many regulations and acts in order to protect the rights of consumers. It is important to enforce fair practices regarding debt collection processes so that consumers are aware of their rights.
Visit here now if you’re seeking more information about online debt collection.. Free reprint available from: An Outline of the Fair Debt Collection Practices Act.