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...]
Why Should You Hire A Debt Collector?
In today's tough economy, it is really difficult for companies to collect their debt. Most of the customers are unable to pay back their debts on time due to financial crises. There are few others who are not willing to pay back their debt. The main reason why companies cannot follow up with such debtors is that they do not have adequate resources to devote for tracking down … [Read more...]
Iowa Debt Collection Laws
Iowa Debt Collection Laws In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Iowa collection agencies are also regulated by Iowa debt collection laws. Discover: Iowa collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Iowa collection agency license and bonding … [Read more...]
California Debt Collection Laws
California Debt Collection Laws In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), California collection agencies are also regulated by California debt collection laws. Discover: California collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus California collection agency license … [Read more...]