Learning About the Fair Debt Collection Practices Act

All consumers, in one way or another, have to deal with lenders. In some cases, when a borrower fails to respond immediately or when debts are long overdue, lenders pass on the collection of debts to a debt collection agency. However, a debt collector may resort to harassment or unfair tactics to force a borrower to pay. Although you - the borrower has the responsibility to pay, this doesn’t mean that you should be treated unjustly.

Borrowers still has the right to privacy and fair treatment. The Fair Debt Collection Practices Act (FDCPA) was passed in 1978 to protect consumers against illegal debt collection practices of lenders and debt collectors. If you think that your right as a borrower has been violated, don’t be afraid to take action. Report the debt collector to your State Attorney General’s office and file a complaint to the FTC (Federal Trade Commission).

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