The U.S. Federal Trade Commission (FTC) is the branch of the government that enforces the Fair Debt Collection Practices Act. This law states the various methods that are, and are not, allowed during the collection of debts. Understanding this law, and the ways in which collection agencies that break the law can be reported, helps consumers protect themselves.
Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act was written in the 1960's, and has since been added under the Consumer Credit Protection Act. The full text of the Fair Debt Collection Practices Act can be read online.
Check Credit Scores and Reports During Disputes
Check credit scores and reports while collections are taking place. Some collection agencies will give incorrect information to credit reporting agencies, which will result in problems with credit scores. Other unscrupulous debt collectors will identify themselves as credit reporting agencies, in an attempt to get information or threaten changes to a credit score as a result of non-payment. A vigilant consumer will be aware of changes to credit reports, and notify the appropriate authorities of threats and harassment.
- America Debt In Poverty War
- Current Us Debt
- Debt Solution Companies
- Debt Covenants
- Credit And Debt Counseling Oregon
Find Credit & Debt Counseling local business listings in & near Portland, Oregon. Get Credit & Debt Counseling business addresses, phone numbers, driving directions ...
