Fair Debt Collection Practice Act (FDCPA)
The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from abusive debt collection practices. Because of the size of the debt collection industry, violations of the FDCPA are frighteningly common and it is important that consumers are familiar with their rights under this statute. Under the FDCPA, consumers are entitled to statutory damages, actual damages, emotional distress damages and attorney’s fees and costs. There is plenty of incentive for both a consumer and an attorney to take these cases on.
The most common violations include:
As millions of Americans know first-hand, the country is suffering from a debt-collection headache, with more than 6,000 collection companies relying on often overly aggressive tactics to reclaim past-due payments. Many consumers have never encountered a debt collector. Some may be fearful or reluctant to take a debt collector’s call or read letters about credit card debts they owe. Experts say consumers should face the facts and deal with debt collectors, but also know and understand their rights and protections.
The basic provisions of the law include:
Contact Consumer Credit Protectors Today
If you feel you have fallen victim to abusive debt collection practices, you should contact an attorney to help protect your rights. The Lawyers at Consumer Credit Protectors can help determine if you have a case and if you are owed compensation. Contact us today at (312) 909-6089.