FDCPA...What does it stand for? What does it mean? What are the definitions and conditions of it?
Well, FDCPA is the abbreviated name for the Fair Debt Collection Practices Act. The FDCPA means that debtors are entitled rights when dealing with creditors and collection agencies. As stated by the website, CreditInfoCenter.com, the definition of the FDCPA "is your path to credit freedom and will protect you in times of trouble. It is the heart of getting rid of collections and collection agencies, enabling you to use real legal threats against those who are ruining your chances for a better life."
Under this act, there are many conditions to be met on behalf of the collectors. They must obey your rights and requests for proof of validation. This act is also in place to assist debtor's with collectors who harass, deceive, abuse, and/or attempt to collect debt unfairly.
Collectors must also obey rules based on contacting debtors. They are only permitted to place phone call to the debtor's no earlier then 8:00am and no later then 9:00pm. They are also permitted from contacting anyone other than the debtor or the debtor's attorney when trying to collect. Regarding communication, collectors must also obey any debtor's request to seize contact by telephone if and when they are informed they only want to be contacted in writing. This means that the collector cannot contact the debtor or the debtor's friends, family, or place of employment by means of telephone any longer, otherwise they will be in violation of the FDCPA.
It is also illegal for collector's to misrepresent or claim an amount incorrectly. If collectors ever try to make you bad in any way.
So, when you are in debt and worried about creditors hounding you about your debts all the time, just know that you have options available to fight back for your financial freedom.
