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When you’re unable to repay your high interest debts, it is most likely that your debt accounts will be turned down to debt collectors whose duty will be to recuperate the money in any way possible. As you start accumulating debts, you also start searching for some authentic debt relief options that can help you climb out of the debt hole. If such is your situation, you can get help from a debt consolidation non-profit firm and if you still do not get desirable results, your accounts may be transferred to the debt collection agencies and thereafter your life may become a torture for you. As there have been a number of complaints against the debt collectors, the FDCPA or the Fair Debt Collection Practices Act has been designed in order to protect the rights of the debtors. Read on to know about some clause of this particular act so that you stay educated about your rights.

What actually is the Fair Debt Collection Practices Act?

The most common abbreviation of the Fair Debt Collection Practices Act is FDCPA and this is an act that was passed by the Congress in an attempt to stop all the abusive conduct that are employed by the debt collection agents and addressing the burning issue that the harassment was causing an increase in the number of bankruptcies filed in the US. This particular act has offered some guidelines for the debt collection agencies which they have to abide by if they want to recuperate money from their client.

Are all kinds of debts covered under the FDCPA?

Almost all kinds of debts like personal family, household debts, including debts on your car loans, medical debts, and debts on home equity loans, credit card debts and many more. However, you must keep in mind that most states in the US have the same kind of law that prohibits the misconduct by the debt collectors.

What are the restrictions that they’re supposed to follow?

According to the rules of the FDCPA, no debt collector can contact a third party who does not owe the debt amount and ask for the actual debtor’s address and debt details. They can’t threaten you that they will refer you to an attorney or may get you in jail for not repaying the debt on time. Debts are civil and not criminal and hence such threats are not tolerated under the FDCPA. They cannot call the debtor before 8.00 a.m or after 9.00 P.M in the night. If they do, you can certainly complain with the FTC against such debt collectors.

Therefore, if you’ve been in debt for a long time and you’ve been harassed by the debt collectors, stay certain about your rights and take the needed action to stop all such activities. When you can’t handle your debts on your own, get help from a debt consolidation non-profit company, so that you need not face the harassments of a debt collector. For more information you can visit here: http://www.facebook.com/debtconsolidationcare

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