What is the Fair Debt Collection Practices Act?

The Fair Debt Collection Practices Act (FDCPA) is a federal law that provides consumers with protection when dealing with debt collectors. It was enacted in 1977 and is enforced by the Federal Trade Commission. The FDCPA prohibits debt collection activities that are considered unfair, deceptive, or harassing, including repeated phone calls, false statements, or threats of violence. It also requires that debt collectors disclose certain information to consumers. This includes information about the amount of the debt owed and the creditor from whom the debt was original incurred. In New Jersey, the FDCPA applies to all consumer debts, with some exceptions. For example, debts related to business or commercial activities are not covered under the law. The FDCPA also provides consumers with certain rights. For instance, consumers have the right to dispute the accuracy of the debt and request validation from the debt collector. Consumers also have the right to tell the debt collector to stop contacting them. If the debt collector continues to contact them, consumers may file a complaint with the FTC or seek legal assistance. The FDCPA does not provide a direct means of resolving credit card disputes. However, it does provide consumers with protections when dealing with debt collectors related to their dispute. Because of this, it is important for consumers to familiarize themselves with the FDCPA in order to take advantage of their rights.

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What is the Fair Debt Collection Practices Act?

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