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The FCBA And FDCPA

The FCBA or the Fair Credit Billing Act requires creditors to bill entirely and properly. It prohibits charges that have the erroneous date or wrong amount, not permitted charges, charges for goods or services that you did not acknowledge or were not delivered as contracted upon.

It prohibits a company from failing to post payments or other credit and failing to send billing notices to your up to date address, provided that any changes of address were received by them 20 days prior to the billing cycle. This law also allows a consumer to request written proof of purchase or requests for explaining.

The Fair Debt Collections Practices Act was enacted to protect ordinary consumers from unreasonable and unfair collection agency tactics. Many collection agencies engaged in despicable practices in the past in order to collect a debt.

The FDCPA specifies reasonable collection practices. For example, a collection agency cannot phone any third party who does not owe the debt. They cannot give out fake terrorization of reporting it on your credit or referring your account to an attorney in order to bully you to pay.

They are only allowed to call within rational hours, which are as a rule between 8:00 am and 9:00 pm unless they have your definite say-so to call at another times. They are not allowed to call you at awkward or unusual times or places if you let them know what is improper.

The FDCPA is very broad and it goes on about what is limited and what is suitable actions from the collection agencies. Just be alert that they can call you within the hours and limitations unless you explicitly and if possible in writing request that they stop. If you have questions about the total boundary of this law you can do an Internet search and read it in its entirety.

These two laws are important to you as a credit consumer. You can use any of them as a advantageous measure when you need to finalize credit repair so it is sensible to be aware of them and know where to find additional information if needed.

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