Schlagwort:Fair Debt Collection Practices Act

How Debt Collection Laws Impact Recovering Your Business Bad Debt Effectively

When it comes to trying to recover unpaid accounts from your debtors, the myriad of debt collection laws can sometimes feel as though they’re getting in the way. Obviously your main goal is to try and encourage as many late-paying account holders as possible to pay their debts and help keep your business‘ cash flow strong.

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Fair Dedt Collection Practice Act: A powerful Tool

The Fair Debt Collection Practices Act, FDCPA, is a federal law that governs the actions of debt collectors for personal debts. When a third-party used to collect a debt, that third-party is obligated to follow the FDCPA. The FDCPA does not regulated business debt or personal debt incurred for the benefit of a business.

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