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Can the deficiency that you owe on a repossessed car be collected from a collection agency that is violating the Fair Debt Collection Practices Act?
Wiki User
∙ 8y ago
ONLY if you let them do it. Call a local attorney now.
Wiki User
∙ 8y ago
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How can management practices speed the collection of receivables?
How can management practices speed the collection of receivables?
Does law cover commercial collections?
Federal Collection Laws regulate collection laws and practices, for consumer or business debt. Federal Collection Laws are also known as Fair Debt Collection Practices Act (FDCPA)
What is commercial collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
What is the fair debt collection Practices act?
The Fair Debt Collection Practices Act is legislation passed by congress to ensure that no person or persons can be abused or harmed in the debt collection process, even if justified.
Can a credit collection agency threaten felony charges?
No it is a violation of the Fair Debt Collection Practices Act
What was the analects about?
A collection of the teachings and sayings of confucius A+ haha
What law prevents collection agencies from collecting post dated cheques?
The law preventing collection agencies from collecting post dated checks is the Fair Debt Collection Practices Act. You can learn more about this at the Wikipedia.
Can a collection agency lie about who they are?
No. In fact, they are required by law to notify you of who they are and that they are attempting to collect a debt. This is covered under the Fair Debt Collection Practices Act (FDCPA).
Can collection agencies request additional money on interest charges after the debt is paid in full?
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
What was the Fair Debt Collection Act?
It protects the person who owes the debt from harrassing and dunning contacts from creditors.The Federal Debt Collections Practices Act (FDCPA) governs the debt collection practices for personal / individual debt. The FDCPA sets forth a myriad of restrictions regarding the practices Debt Collections may use in their efforts
What is a letter of collection from a collections law firm?
A collection letter from a la firm is the same as a collection letter from any other debt collection agency. The Supreme Court has held that lawyers that participate in the collection of debts are considered "debt collectors" under the Fair Debt Collection Practices Act," and therefore must comply with all of its mandates. That means the correspondence you first receive from them must identify the creditor, the amount of the debt, and advise you of your right to dispute and seek validation ofthe debtwithin the 30 days following the receipt of the letter.
Can a landlord send an ex-tentant to a collection agency for a disputed charge?
Yes, and the tenant can tell the collection agency the charge is disputed, and that could be the last you hear from them. If not, you need to research, follow and educate them on the rules of the Fair Debt Collection Practices Act, such as filing written notice of dispute, etc.
