Debt laws regulate the entire process of debt collection for both the debt collector and the people who have to pay the debt.
This law protects the interest of both partners in the debt collection process and ensures that no one faces any kind of trouble.
If the debt collection agency violates the laws of FDCPA then you can even file a charge against the debt collection agency and fight against them in court. The same thing goes with the debt collector or the debt collection agency.
Debt Collection Laws
The Fair Debt Collection Practices Act or the FDCPA has some restrictions on the methods of debt collection and those debt collection methods are the following:
- The debt collector can not discuss your debt with your family, neighbors, friends, and employers.
- The debt collector can not call you as many times as they want.
- The debt collector can not insult you or give you any kind of threat.
- You can stop the debt collector from all contact.
- The debt collection has to go through a complete verification process before collecting a debt.
We hope you have no doubt regarding this matter and completely understand what debt laws are.
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