Fair debt collection practices act
UK debt is at a staggering rate. The debt per individual in the UK is at one of its highest ever to date.
New debt collection agencies are forming from the ground up and some of them are not even doing their jobs properly which could lead to problems for you.
The fair debt collection practises act (FDCPA) is an organisation body that has been set up to safeguard consumers against debt collectors that use under handed tactics to get their money back. This may include intimidating behaviour, constant harassment and other tactics that will leave the person in debt feeling deflated, stressed and possibly even ill.
More recently than ever before an increased number of complaints have been received which suggests that consumers are aware of the legal guidelines of the Fair Debt Collection Practices Act (FDCPA), which limits the tactics that debt collectors may use.
The FDCPA was prepared by the Federal Trade Commission and enacted in 1977. It covers virtually all personal debts – including credit purchases, mortgages and even medical expenses.
Debt collectors that use the wrong tactics to get the debt paid off quicker may be on the rise, but the FDCPA is the debtor's most powerful safeguard against them.
You can find out more about the FDCPA here –
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf
If you are in debt you probably have already experienced calls and letters from debt collectors which are not helping your situation. Here at Confused Debt we only list pre-vetted and verified companies that are there to offer you professional help. If you feel that we could help you then please try our free debt calculator it will only take 60 seconds of your time and it is completely free.
