Is your collection agency in compliance? The debt collections industry is increasingly regulated. Collection agencies have a bad reputation because of their many abuses, both perceived and real against debtors. Some unscrupulous collection agencies were known to: Use profane & abusive language. Call and confront the debtor at work. Call debtors to early or late based … [Read more...]
What Is A Collection Agency
What Is A Collection Agency Watch a what is a collection agency video review by a student, who wanted to know about collection agencies. This what is a collection agency video is useful for people who want to learn about collection agencies - it illustrates: What Is A Collection Agency The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces … [Read more...]
Fair Debt Collection Practices Act | FDCPA
The Fair Debt Collection Practices Act (FDCPA) was created as a Federal statute in the year 1978, as Title VIII of the Consumer Credit Protection Act. The purpose of this act is to eliminate harassment of a consumer in the process of debt collection. The Act specified a list of do's and don'ts while collecting debt. It also defined the Consumer's rights under the Act. FAIR … [Read more...]
Maryland Debt Collection Laws
Maryland Debt Collection Laws In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Maryland collection agencies are also regulated by Maryland debt collection laws. Discover: Maryland collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Maryland collection agency license and bonding … [Read more...]
Washington DC Debt Collection Laws
Washington DC Debt Collection Laws In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Washington DC collection agencies are also regulated by Washington DC debt collection laws. Discover: Washington DC collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Washington DC collection … [Read more...]