The Consumer Credit Protection Act categorically provides under Title VIII the FDCPA of United States, otherwise known as Fair Debt Collection Practices Act of 1978. The Federal Trade Commission is a regulating body to ensure strict compliance of the provisions of FDCPA. The Act is enacted to protect equally the fair debt rights of both the creditors and debtors. As observed to be the subject of deliberate debt collector harassment, FDCPA intends to forestall abusive practices of debt collectors and creditors, outrageously demanding full settlement of consumer debts. Being at the losing end, the right of creditors to collect what is due them is likewise guaranteed. The Act sanctions any contrasting claims between the opposing parties and aims to resolve the same through due process.

Non-settlement of debt within the agreed maturity date does not give any debt collector a right to harass defaulted debtors. Threat to sue may not be within the ambit of grave threat to make it felonious but such unprincipled practices of insidious debt collectors are made reprehensible under the FDCPA. Penalties for violators and remedies for protected individuals are clearly provided for by this Act. You might have experienced the pestering of debt collectors or heard about the same. Usually, debt collectors bug you by calling your employer. Since you want to settle your payables in full, losing your job is a bad idea. Debt collectors usually attack your weakest point. You must know by now that debt collectors are not prohibited from calling your employer, neighbor, or relative. However, if communication with third parties, other than the debtor’s spouse or attorney, involves disclosure of the nature of debt, this act may be categorized as abusive and deceptive conduct, which is prohibited under FDCPA. Parties outside the contract of loan can only be asked questions relative to whereabouts of the debtor. Any information related to the amount incurred or outstanding liability of the debtor must be preserved between the parties of the contract and their designated agents thereto.

Any violation of the fair debt rights of debtors pronounced in Fair Debt Collection Practices Act through committing any of the “abusive and deceptive conduct” entitles a debtor to sue debt collectors. Do not let any debt collector harassment get worse and overcome your self-esteem. Help yourself when you think you are being abused. Be not ignorant of the law. The lawmakers will not sit beside you to teach new laws. Knowing your right is incumbent upon you. Just when you thought, you’ll just have to let harassment pass and deal with it every single day, the law empowers you to stand up and fight for your right. If you feel that your fair debt rights have been violated by a debt collect, call a fair debt lawyer today!

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