fair debt collection practices act

Asset Acceptance Fined for Illegal Collections Activity

February 5, 2012

The FTC recently imposed the second-steepest penalty ever imposed on a debt collector. According to the New York Times, Asset Acceptance, one of the largest collection companies in the country, recently agreed to pay a 2.5 million penalty to settle charges that company deceived consumers in the process of trying to collect debts. I suppose [...]

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Fair Debt Collection Practices Act

September 1, 2008

The Fair Debt Collection Practices Act places severe limits as to when and how debt collectors can contact you. A “debt collector” is a third party, such as a collections agency, that tries to collect money owed to someone else. It is very important to remember that the Fair Debt Collection Practices Act only places [...]

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