The FDCPA applies only to the collection of debts incurred by a consumer primarily for personal, family, or household purposes. It does not apply to the. The Fair Debt Collection Practices Act (FDCPA) is the primary federal law governing debt collection practices. The FDCPA prohibits debt collection companies from using abusive, unfair, or deceptive practices to collect your debts.
You have important rights under the FDCPA in relation to your credit card debts, car loans, medical bills, student loans, mortgages and other household debts. The FDCPA doesn't cover business debts. Federal law exempts home collectors from FDCPA prohibitions against abusive and unfair practices that apply to other debt collectors. The Federal Trade Commission uses the FDCPA to prevent debt agencies from using abusive, unfair, or deceptive practices to charge consumers.
Any debt collector covered by the FDCPA who contacts you regarding a debt must provide you with certain information about it. For more details and to learn about your rights under the FDCPA, contact an attorney who specializes in the North Carolina Fair Debt Collection Practices Act. Contact Blossom Law PLLC to ensure that your credit rating and rights under the FDCPA are protected. Collection companies that violate any of the rules of the FDCPA can be sued and forced to pay potentially large fines.
Exercising your rights under the FDCPA can help you take control of your relationships with debt collectors. The Fair Debt Collection Practices Act (FDCPA) is part of the federal Consumer Credit Protection Act and offers a level of protection to consumers from debt collection companies. The FDCPA covers the collection of debts that are primarily for personal, family, or household purposes. The Fair Debt Collection Practices Act (FDCPA) is a federal law that limits what debt collectors can do when they try to collect certain types of debts.
The FDCPA rules only apply to debt collectors, who purchased their debt from a lender or from an outside company that the lender hired to recover the money owed. However, keep in mind that any practice that is intimidating or threatening constitutes a violation of the FDCPA.
