Question

The fair debt collection practices act attempts to ensure that creditors are always paid by debtors.​ true false

Answer 1

False. The Fair Debt Collection Practices Act limits the behavior and tactics of debt collectors. It exists to protect borrowers.

Answer 2

False

Step-by-step explanation:

The Fair Debt Collection Practices (FDCP) act of 1977 protects debtors from deceptive or incorrect practices when debt is collected especially from third party debt collectors. The FDCP states that:

1. The debts included under this act are credit card debt, auto loans, medical bills, student loans, mortgage, and other household debts.
2. Collectors can only contact debtors between 8 a.m. to 9 p.m., and they cannot contact a debtor at work.
3. Collectors cannot contact anyone else related to the debtor regarding the debtor's debt.
4. Collectors cannot harass the debtor, e.g. insult or make threats
5. Collectors cannot lie to the debtor, e.g. lie about who they are, say that the loan's amount has increased
6. Collectors can only take money form a paycheck if they have a court order that authorizes them