Are debt collectors harassing you? If you have fallen behind on your bills and you are anticipating they will go to collections soon, or if you’ve already started receiving phone calls from debt collectors, it is important that you understand your rights. The Federal Trade Commission (FTC) is the nation’s consumer protection agency. They enforce the Fair Debt Collection Practices Act (FDCPA). This law prohibits collection agencies from using abusive, deceptive, and unfair practices to collect a debt from you. While it cannot eliminate your debt, the FDCPA prohibits a debt collector from harassing you.
What type of debt is covered under FDCPA regulations?
Personal, family and household debts are generally covered. This would include credit card debt, car loans, medical bills and mortgages. If you are a business owner, FDCPA doesn’t cover debts accumulated through your business.