Delev & Associates
  • Home
  • Practice Areas
    • Before Extending Credit
    • Civil Litigation
    • Commercial Collections UCC
    • Consumer Collections
    • Consumer Resource Center
    • Creditors’ Rights
  • About
    • Gregory D. Delev
    • Brian T. Giles
    • Donald W. Harper
  • Articles
  • Newsletters
  • Blog
  • Contact
Select Page

What does the Fair Debt Collection Practices Act do?

by greg delev | Feb 15, 2017 | Business Litigation

Every day credit contracts and obligations are entered into by individual and companies alike in Ohio. While frequently debtors are able to repay their obligations as promised, there are times when this does not happen. In these situations, creditors may reach out to debtors in an attempt to receive the amounts due. However, in attempting to collect debts, you shoudl know that creditors are bound by legal requirements that dictate what they can and cannot do and how they may or may not treat consumers.

The Consumer Finance Protection Bureau explains that these regulations are governed by the Fair Debt Collection Practices Act. Entities that are covered by the FDCPA include attorneys that may be collecting debts, collection agencies or debt buyers. A debt buyer is a person or company that has paid another company to buy debts with the intention of attempting to collect on those debts.

The FDCPA governs actions related to personal debts including those related to a household, health and medical bills, unsecured debt like credit cards and secured debt like mortgages. It is important for you to understand that business debts are not covered by the Fair Debt Collection Practices Act. The law outlines when or where creditors may attempt to contact a debtor and indicates that when a debtor is working with an attorney, creditors must direct communication to the attorney not the consumer.

This information is not intended to provide legal advice but is instead meant to give Ohio residents and businesses an overview of the Fair Debt Collection Practices Act.

Recent Posts

  • Understand the wage garnishment process
  • Best practices for collecting debt in Ohio
  • What is an involuntary bankruptcy proceeding?
  • What can I do after receiving a letter stipulating no contact?
  • Types of acceptable collateral for secured loans

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014

Categories

  • Business Litigation
  • Commercial Collections
  • Contract Disputes
  • Firm News
  • Uncategorized

RSS Feed

Subscribe To This Blog’s Feed