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Answers
Who would I write to to enforce the Fair Debt Collection Practices Act in California. If I do not want to hire an attorney?
In this video press release, Assemblymen John J. Burzichelli (D-Gloucester), Paul D. Moriarty (D-Gloucester) and Wayne P. DeAngelo (D-Mercer ...
What are some things that creditors can't do according to the "Fair Debt Collection Practices Act"?
they can't lie about their identity over the phone to complete collection calls.
A debt collector called my wife's mother, ex-step-father, and grandmother and told them he needed to contact her because there were fraudulent charges made on her credit card. Her mother called BS on the guy and took his information, then gave it to my wife.
Is this false representation under Section 807 of the Fair Debt Collection Practices Act?
The practice you describe would seem to be forbidden by 15 U.S.C. 1692e(10): "The use of any false representation or deceptive means to collect or attempt to collect any debt or to obtain information concerning a consumer."
http://www.law.cornell.edu/uscode/html/uscode15/usc_sec_15_00001692---e000-.html
In other words what I am asking...can a collection agency call your business and tell your employee that you have an outstanding debt that is in collections? How much the debt is for and what year its from?
Does anybody know if the Fair Debt Collection Practices Act applies to debts incurred/alleged against a company ?
If not, is there a similar act which does apply to company debts ?
No, FDCPA is consumers only.
There is nothing in that realm in U.S. law relating to company debts. However, there may be something in your state law.
I'm having a temporary problem paying my rent and I really don't want to deal with the knocking on the door and the phone calls.
Fed Official Details Debt Buying Industry Situation at Trade Show InsideARM
Due to the factors above collection industry receipts had jumped to more than $10 billion by the end of 2007 (the last year for which figures are available), according to Hunt. He added that collection industry employment had risen to 140,000, while the industry has become dominated by firms with more than 500 employees. Since September of 2008, $91 billion in credit card receivables have been charged off. The charge-off rate had stayed between 2 percent and 6 percent since 1985, with the exception of a brief increase to nearly 8 percent in 2002, then rocketed to nearly 10 percent in 2009, according to Fed statistics. The percentage of borrowers more than 120 days late on payments leapt from just over 3 percent in 2007 to more than 6 percent in 2009. Since the third quarter of 2008, outstanding revolving credit balances have fallen $110 billion, the number of open credit card lines have fallen 10 percent and credit lines have fallen 25 percent – a total of $1 trillion
News
The law no one knows about Times Tribune of Corbin- Feb 25, 2009
The law no one knows aboutTimes Tribune of Corbin, KYOne of the most ignored laws in America is the Fair Debt Collection Practices Act. (FDCPA.) It’s been on the books since 1978, but few people know about it. People are stunned when I tell them they can write a letter and get collectors to stop You can make debt collectors play by the rules- Feb 20, 2009
Understanding fair debt collection practiceskjrh.com, OKA collections rep sent information but it didn't match up with any accounts he's ever held. So the next step is to send the company a certified letter stating you do not owe the debt. You can refer to the Fair Debt Collection Practices Act. In part it- Feb 18, 2009
Debt collectors calling? Know your rightsWRAL.com, NCFayetteville, NC — Ignoring the calls from collectors won't make the debt vanish, but consumers do have rights under the federal Fair Debt Collection Practices Act. The act, established by the Federal Trade Commission, contains a list of guidelines for- Feb 25, 2009
Portland General Electric Reports Full Year and Fourth Quarter Trading Markets (press release), CA$4 million after-tax gain or $0.06 per diluted share from a customer collection related to SB 408. -- $1 million after-tax loss or $0.02 per diluted share from a decline in the fair market value of non-qualified benefit plan trust assets.- Feb 25, 2009
Ambac Financial Group, Inc. Announces Fourth Quarter Net Loss of Trading Markets (press release), CAThe fourth quarter 2008 results reflect ($594.4) million net change in fair value of credit derivatives. The fourth quarter 2007 results reflected a net change in fair value of credit derivatives amounting to ($5175.5) million.
