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What else can I help you with?
What are the Non Spousal States as per FDCPA?
iowa, DC, Georgia, SC, CT
What is a first party Collection agency?
That's the original creditor's "in house" collection department. They are NOT subject to the FDCPA as are 3rd party collection agencys.
Can a finance company give out informantion on the phone about your payment history?
Unfortunately, they probably can. Original creditors are not bound by the Fair Debt Collection Practices Act (FDCPA) as are 3rd party debt collectors. However, somes states do include original creditors in their state version of the FDCPA. Check your state statutes.
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).
Which states do require a license to collect debt?
All collector/collection agencies are required to adhere to Federal FDCPA regulations. States individually set up guidelines for governing such businesses and not all states require licensing. Please see link provided for more information
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 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
FDCPA in Florida protect home from credit card collection agency?
How much can a credit card collector do with a lien on your property in Fl
What are the legal times for collection-telemarketers to call in Pennsylvania?
In accordance with the FDCPA, collectors "may not communicate with a consumer at any "unusual time or place inconvenient to the debtor." The time when a collector can call regarding collection of a debt is between 8 a.m. and 9 p.m. This only pertains to a collection agency, not the original creditor, but OC's generally adhere to FDCPA guidelines. Sorry, can't help with the telemarketer part.
What is the law that states a collection agency cannot call your place of employment?
There is no law that states that a collection agency can not call your place of employment. BUT, once you have informed the collection agency, verbally, to stop calling their place of employment, the MUST stop. I would suggest that you send a "cerified" letter to the agency with your request. If they continue to do so, this is considered harrassment. To verify this answer, please check out the FDCPA "Fair Debt Collection Practices Act" You can find it on line at:Just copy and paste the below link. http://www.ftc.gov/OS/statutes/fdcpa/fdcpact.htm
Is it a felony to bounce a check to a collection agency?
No, and if they tell you that it is, then they are violating the FDCPA- Fair Debt Collection Practices Act. They are not allowed to lie or scare you. It is against the law and you can actually sue them for violating the FDCPA. In fact, the laws are very strict under that. But of course, it's never good to bounce that check. It can eliminate their willingness to hold a payment plan or offer settlements to you, etc. No, and if they tell you that it is, then they are violating the FDCPA- Fair Debt Collection Practices Act. They are not allowed to lie or scare you. It is against the law and you can actually sue them for violating the FDCPA. In fact, the laws are very strict under that. But of course, it's never good to bounce that check. It can eliminate their willingness to hold a payment plan or offer settlements to you, etc.
Does an online payday loan's collection agency have to abide by the FDCPA?
Any legitimate collection agency has to abide by the FDCPA. They also have to abide by individual State's laws. Payday lenders are often in violation of the law. In many states, payday lending is illegal. You can report them to the FTC and your state financial regulatory agency if they are in violation of collections laws. You may even be able to sue them, but beware, many payday lenders are not even located in the US and may be hard to track down. They obviously do that on purpose.
