The purpose of this subchapter is to eliminate abusive debt collection practices by debt collectors, to ensure that debt collectors refrain from doing so. The FDCPA only applies to third-party debt collectors, such as those who work for a debt collection agency. The law covers credit card debt, medical bills, student loans, mortgages and other types of family debt. The FDCPA prohibits various debt collection practices to try to pay off the debts mentioned above, such as deception and misrepresentation, harassing phone calls, and the threats.
In addition, debts associated with a fiduciary relationship or an escrow are not protected by the FDCPA. The FDCPA prohibits debt collection companies from using abusive, unfair, or deceptive practices to collect debts from you. If you believe that a debt collector has violated the FDCPA, you can contact the Consumer Financial Protection Bureau (CFPB) or your state's attorney general. The federal Fair Debt Collection Practices Act (FDCPA) gives you a lot of rights when you try with third-party debt collectors.
The FDCPA creates a structure within which debt collectors can work in an attempt to make debt collection a fair and non-aggressive process. The Consumer Financial Protection Bureau (CFPB) debt collection rule clarifies the FDCPA's rules for how debt collectors can contact debtors. Under the FDCPA, debt collectors include collection agencies, debt buyers, and attorneys who regularly collect debts as part of their businesses. The FDCPA makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when attempting to collect debts.
The Fair Debt Collection Practices Act (FDCPA) is the primary federal law governing debt collection practices. While the FDCPA covers a variety of different types of debts, they all fall into the same category of debt, which consists of debts based on private, family, or household expenses. As long as a debt is not in default, third-party debt collectors can proceed without FDCPA restrictions. The Fair Debt Collection Practices Act (FDCPA) considers that a physical visit to your workplace is “to publicize your debt”.
However, student loans are subject to the FDCPA, even though loan payments are due to the government. However, the FDCPA does not apply to all types of debt; some types are exempt from the provisions of the FDCPA.
