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...]
How To Use Wage Garnishment To Recover Funds
Unfortunately with the economy in poor shape the number of people who are defaulting on their loans continues to grow. While it is understandable that they are struggling, the bottom line is that companies who loaned them money in good faith need to be able to recover their money. Using wage garnishment to recover money is one of the most effective ways that a company can use … [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...]