Lots of people who are having debt problems are being bullied into repaying money to their creditors. The Fair Debt Collection Act is designed to help stop this treatment of individuals who owe money. The Act created by the federal trade commission is used to ensure that certain rules are followed and it also enables the consumer to sue any debt collection companies that break the law.

Please remember ingredients Viagra Jelly in viagra though that the above mentioned Act doesn’t cover every kind of debt that an individual may have. The Act covers any personal, family and household debts which have been amassed. It does not however cover any business debts which have been accrued.

Most creditors hand any money owed over to debt collection companies who will then make contact with the necessary persons via letter or a telephone call. The fdca states that within five days of their first contact they need to supply a written validation saying how much is owed and who this money is owed to.

They also have to provide instructions on what to do if a person feels that no money is actually owed to any of the creditors in the validation letter.

After this first contact a request can be made by the debtor Kamagra that no more contact is made. To do this though a letter must be sent by certified post saying that no more contact from the debt collection company can take place.

The letter needs to be received within 30 days after receipt of the original validation letter or else contact once more is permitted. On receipt of this letter contact may be made again just once more but that should only be to confirm one of the following.

To state that no further contact will be made. To send written verification of a debt owed.To state that they or the creditor intend to take specific action like filing a lawsuit

This helpful and needed Act addresses many things that debt collection companies cannot do and a small list of these are below.

Debt collectors may not harass, oppress, or abuse the debtor or any third parties they contact. They may not lie if they are attempting to collect a debt. For example they must not falsely declare that they are attorneys or government representatives and also falsely state that a crime has been committed.

They are also forbidden to state that the debtor will be arrested if they do not pay off their debt, or that they will seize property and assets unless actually allowable by law.

They also can not not give false details about the persons credit status to anyone or try and collect any interest fee on top of the debt due unless the state law permits it.

The above is just a fraction of what the Fair Debt Collection Act actually covers and it is advisable that you get a hold of your own personal copy and give it a thorough read through.

Author Bio: Anybody finding themselves in debt should get advice early on at credit debt solutions and learn as much as they can about the law. For more advice on debt related issues visit credit debt solutions

Category: Finance/Credit
Keywords: fair debt collection act, credit debt solutions, debt collection companies