Fair Debt Collection Practices Act - FDCPA

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Dictionary Says

Definition of 'Fair Debt Collection Practices Act - FDCPA'

A Federal law that limits the behavior and actions of debt collectors who are attempting to collect the debt for another person or entity. The law restricts the means and methods by which they can contact the debtor, as well as the time of day that contact can be made. If violated, suit may be brought within one year to collect damages and attorney fees.
Investopedia Says

Investopedia explains 'Fair Debt Collection Practices Act - FDCPA'

This law does not protect debtors from those who are attempting to collect a personal debt. For example, if you owe money to the local hardware store and the owner of the store calls you to collect that debt, he is not a debt collector under this act. The act applies to third-party debt collectors such as people who work for a debt collection agency. It is designed to protect debtors from harassment by these individuals in the form of threats of arrest or bodily harm if you don’t pay. Collectors can’t imply that they represent law enforcement, nor can they make multiple phone calls daily or call you at work if you refuse to take such calls.
Search results for

'Fair Debt Collection Practices Act (FDCPA)'

  • Credit And Debt Management: Debt Collection And Bankruptcy ...

    http://www.investopedia.com/university/credit-debt-management/management6.asp
    ... The Fair Debt Collection Practices Act (FDCPA)protects consumers from professional
    debt collectors who collect on loans they did not originate by using unfair ...

  • Outfox The Debt Collector's Hounds

    http://www.investopedia.com/articles/pf/08/deal-with-debt-collectors.asp
    ... Know Your Rights As this process unfolds, make sure you know that consumers have
    considerable rights under the Fair Debt Collection Practices Act (FDCPA). ...

  • Dawn Of The Zombie Debt

    http://www.investopedia.com/articles/pf/06/zombie-debt.asp
    ... all. Under the Fair Debt Collection Practices Act (FDCPA), the collection
    agency is required to do these things. Another tactic ...

  • Consumer Debt: Knowing Your Legal Rights - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Consumer-Debt-Knowing-Your-Legal-Rights.aspx
    ... There is also further help at hand for consumers in this situation, as the Fair
    Debt Collection Practices Act (FDCPA) exists to regulate the behavior of ...

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