Daily Investment Tips

As a credit card borrow you need to know the federal government guarantees you some rights that protects you from predatory lenders and collection agency.

Your rights as a credit card borrower are protected by FDCPA Act

FDCPA Act or in full The Fair Debt Collection Practices Act spells out certain guidelines to which collection agencies must adhere. Some highlights include: not calling a borrower between 9 P.M. and 8 A.M.; not using obscene language to threaten or intimidate borrowers; not calling a borrower’s employer without written permission; and not speaking to anyone about the debt expect the borrower, the lender, an authorized signer or representative, and the credit bureaus.

To download and read a full PDF article of the act visit FDCPA Act Page

For short summary of credit card debtors rights visit here and here

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written by Constantine Njeru \\ tags: Borrowers, Collection Agencies, Collection Practices Act, Credit Bureaus, Credit Card Debt, Credit Debt, Debt Collection Practices, Debtors Rights, Fair Debt Collection, Fair Debt Collection Practices, Fair Debt Collection Practices Act, Federal Government, Obscene Language, Pdf Article, Predatory Lenders, Usa Credit Card