Hence why it is important to know the basics of the fair debt collection practices act. Most of the FDCPA regulations apply to third-party debt collectors, but it also has plenty to say about the general behavior of debtors. A written notice that the consumer can receive the name and address of the claimant.A statement that failing to dispute within 30 days is an assumption of responsibility. Notification that the debtor has 30 days to dispute.Validation and Disputed DebtsĪfter taking charge of collecting a debt, collectors have to send a notice within 5 days of the acquisition. Its best to protect yourself by learning the basics of the fair debt collection practices act. Adjacent circumstances like not appearing for a summons could cause this to happen as well, but actual threats should not come from the average representative of a collection agency. Can you go to jail for debt, or is that an empty threat by desperate collectors? The short answer is that it is possible, but only when legal action occurs for violations of contract law. Out of these possibilities, the threat of being arrested stands out as a concern.
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