What is debt collection law?

Debt collection law is a set of laws that govern creditors and debt collectors when they collect debts from consumers in North Carolina. Debt collection laws in North Carolina are designed to protect consumers from unfair, deceptive, and abusive debt collection tactics. These laws regulate how debt collectors may attempt to collect from individuals and businesses, including when collectors may contact consumers, the types of communication they may use, and the types of fees that can be charged. Debt collection laws in North Carolina also provide consumers with many rights in regards to debt collection. For example, debt collectors may not contact consumers multiple times a day or call them at an inconvenient time. Consumers have the right to have any false information regarding their debts corrected and to dispute any debt they think may be inaccurate or invalid. Debt collectors may not threaten or harass consumers and they must provide consumers with certain information regarding their debts, such as the original creditor and the amount owed. Finally, North Carolina debt collection law also provides consumers with protection from unfair practices. For example, debt collectors may not collect more money than was originally owed, and they must stop attempting to collect after being told in writing by the consumer that they do not owe the money. Additionally, they may not attempt to collect a debt that does not exist or is time-barred under North Carolina law. If debt collectors violate any of the laws, consumers have the right to take legal action against them.

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What is debt collection law?

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