The FDCPA prohibits debt collectors from harassing or misleading consumers while collecting debt. However, the only debt that is covered under the Statute is Consumer debts. The FDCPA defines Consumer debts as debts incurred primarily for personal, family or household purposes. Therefore, if you incur a debt for your business, the debt collector is not covered by the FDCPA. Congress assumed that if someone was sophisticated enough to run and operate a business, then they were most likely able to decipher when a collection agency was making false threats, etc. If you have a question regarding whether or not the debt you have incurred allows FDCPA protection, feel free to contact us at 866-339-1156.
Jeffrey S. Hyslip
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