3 rules debt collectors must follow or they are in violation of the Fair Debt Collection Practices Act (FDCPA).


3 rules debt collectors must follow

Did you know 🤔🤔🤔 Debt collectors are permitted to contact you by every communication system available – phone, letters, email or text message – but there are rules they must follow or they are in violation of the Fair Debt Collection Practices Act (FDCPA). Those rules include: 1. They must identify themselves as a debt collection agency and give their name and the address for the collection agency. 2. They must tell you the name of the creditor (company or person you owe), the amount you owe and how you can dispute the debt or seek verification of the debt. 3. If the debt collector does not provide verification information on the first communication with you, he must send written notice with that information within five days of the initial contact.
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