Fair Debt Collection Practices Act (FDCPA)

What is it?

The FDCPA is a federal law that says debt collectors are not allowed to use unfair practices to collect a debt. Some examples of these include:

· Collect charges in addition to the debt, unless allowed by contract or state law

· Deposit post-dated checks early

· Communicate with you about debt by postcard

· Use any language or symbol on the envelope that indicates it is a debt collector

· Falsely claiming the person is a lawyer and threatening legal action

· Threats to have you arrested

Tips to keep in mind if a debt collector contacts you.

· Keep all letters or documents sent by the debt collector

· Keep copies of everything you send to a debt collector

· Write down times and dates of conversations and what was discussed

If you or someone you know believes a debt collector is using unfair practices, contact the CFBP, the FTC, or your State's attorney general.

You may also be able to sue the debt collector for any violations under the FDCPA. For a full reading of the act visit FDCPA for more information.

Please reach out to the professionals at the Center for Financial, Legal, and Tax Planning, Inc., for any questions related to the FDCPA. Please contact us at (618) 997-3436 for more information.