2006-08-14 12:01:39 · 3 answers · asked by jaysluv 1 in Politics & Government ➔ Law & Ethics
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
What do you want to know about the Act?
2006-08-14 12:08:47 · answer #1 · answered by Stuart 7 · 0⤊ 0⤋
The Fair Debt Collection & Practice Act will not affect your interest, just how they collect from you.
Heck, you're probably what most people are termed "judgement" proof. I wouldn't lose any sleep over it. Plus if the debt is older than 7 years, they can't even sue you. Just write them a letter stating that you have no interest in paying and for them to stop calling.
2006-08-14 19:46:55 · answer #2 · answered by El_Nimo 3 · 0⤊ 0⤋
I worked in collections for years, but I don't understand your questions. Depending on your interest rate it's possible, but how they collect on it may not be depending on you situation.
2006-08-14 19:07:08 · answer #3 · answered by Farmgirl 3 · 0⤊ 0⤋