Why we have laws that govern collection agencies
The Fair Debt Collection Act is the granddaddy of Collection Agency Laws if you use it to your advantage collection agencies will leave you alone. Education is the key to dealing with collection agencies. If you take the time to poke around here you will find information and links on how to deal with a collection agency and your state specific laws.
Congress enacted the Fair Debt Collection Practices act in 1978 to combat the abuses of collection agencies. It was supposed to bring about change in how these companies treated consumers.
Unfortunately many consumers do not know that they have rights in how collection agencies treat them and collection agencies break these laws usually in an egregious manner.
Here is why Congress enacted the Fair Debt Collection Practices Act
taken verbatim from the law
§ 802. Congressional findings and declarations of purpose [15 USC 1692](a) There is abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors. Abusive debt collection practices contribute to the number of personal bankruptcies, to marital instability, to the loss of jobs, and to invasions of individual privacy.
(b) Existing laws and procedures for redressing these injuries are inadequate to protect consumers.
(c) Means other than misrepresentation or other abusive debt collection practices are available for the effective collection of debts.
(d) Abusive debt collection practices are carried on to a substantial extent in interstate commerce and through means and instrumentalities of such commerce. Even where abusive debt collection practices are purely intrastate in character, they nevertheless directly affect interstate commerce.
(e) It is the purpose of this title to eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to promote consistent State action to protect consumers against debt collection abuses.
Making Collection Agency Laws work for you
you will get a definitive guide here but...
Collection Agency Harassment: What the Debt Collector Doesn't Want You to Know
Amazon Price: (as of 07/26/2008)
Online Help to Deal with a Collection Agency
and some other interesting stuff
It is not the end of the world when they come after you. If you get over the shock it can be fun and rewarding. $$$$$$
- How to Deal With a Collection Agency
- The home of dealing with collection agencies here on Squidoo. From there you can find out anything you want to know about dealing with a collection.
- Federal Bond and Collection aka FBCS Employees the Dumbest Collection Agent Ever
- Find out about the Dumbest Collection Agent Ever. She works at FBCS Collection. They also go by Federal Bond and Collection. Be ready to laugh like crazy.
Links to Collection Agency Laws
- The Fair Debt Collection Practices Act
- The Granddaddy of Laws that Govern Collection Agencies. This is the Law that inspired States to Create their Own Laws
- All the State Laws in One Place
- While it is my Goal to Provide a State By State Description of their Collection Agency Laws this is a place to get started until then.
State By State Collection Laws
Eventually we Will Get Them All
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Connecticut Collection Agencies and the Laws That Govern Them
The licensing of a consumer collection agency is g more...0 points
