Title : Understanding the Fair Debt Collection Practices Act
link : Understanding the Fair Debt Collection Practices Act
Understanding the Fair Debt Collection Practices Act
At its core, the Fair Debt Collection Practices Act (FDCPA) was designed to promote fair debt collection among creditors and collection agencies throughout the United States. In so doing, it simultaneously addresses the issues of abusive collection practices and provides a means for consumers to dispute and/ or obtain validation of debt information in their attempts to ensure that the information pertaining to their case is 100% accurate. In order to promote these goals to the fullest extent, a strict set of guidelines was created under which debt collectors and the agencies they work for are expected to abide. Specifically, the act stipulates the behaviors of conduct that will and will not be permitted when collecting on the debts owed by a person, addressing how business should be conducted as well as defining the rights allowed to consumers that are involved with debt collectors. Penalties were also created as a way to curb these types of problems from continuing further, and remedies for violations of the act are constantly being developed.
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