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Fair Debt Collection Practices Act Federal Trade Commission  Form

Fair Debt Collection Practices Act Federal Trade Commission Form

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yes Thomas Paul is with the Federal Trade Commission he's the assistant director of the division of financial practices and is here to talk to us about debt collection practices debt collectors can and cannot do what they can and cannot do when calling those who are behind in their financial obligations the FTC says in 2010 they received over 140,000 consumer complaints about debt collectors welcome to the program thank you rob what seems to be driving up the number of complaints against debt collectors is that that their the debt collectors are more aggressive and what they're doing or is it that more people are in fact in debt I think it's a combination of both we don't really know for certain but what it appears is that debt collectors are making more and more collection attempts as the economy has remained in crisis and many of the debt collectors who are trying to collect from folks who are very cash-strapped have have taken more aggressive steps to

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Under the Fair debt Collection Practices Act, a collection company is legally permitted to

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