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Debt Collection Laws

The Fair Debt Collection Practices Act (FDCPA) is a debt collection law that dictates how a debt collector can and can not treat consumers. This law applies to personal debts, including money owed for an auto loan or home loan, for medical care and for credit card accounts.

According to the Federal Trade Commission (FTC), under the FDCPA debt collection laws a debt collector:

Can not call you be 8:00 a.m. or after 9:00 p.m.

Can not call you at work, especially if the debt collector knows that your employer would not approve of these types of phone calls

Can not lie or falsely accuse you of a crime

Must tell you who they are by identifying themselves on the phone

Must respect a written request from you to stop any further contact

Debt collection laws are enacted to protect the consumer from unwanted harassment or abuse by debt collectors. Many states also have debt collection laws that regulate the collection and credit industry. Some states have debt collection laws in place that prohibit collecting from its citizens unless the collection agency has complied with licensing or bonding. If you have questions, contact your individual state and find out exactly which debt collection laws are applicable.