You did not read that wrong. Most payday lenders do NOT have to follow federal debt collection laws. How is that possible? The Federal Fair Debt Collection Practices Act (“FDCPA”) only applies to third party debt collectors. Since most of…
Posts Categorized In: Rosenthal FDCPA
California Debt Blog: The Rosenthal Act Notice MUST Be Included in California Collection Letters
The California Rosenthal Act, or Rosenthal Fair Debt Collection Practices Act, or RFDCPA – if you like initials, is very similar to the FDCPA. There are some differences. One of the big differences is that the Rosenthal Act requires a…
California Debt Blog: Do not fall for the threat that you will be arrested
This drives me crazy. I probably get this call more than any other call. Someone calls me and they tell me that a debt collector called them and threatened to have them arrested. Or they call and they tell me…
California Debt Blog: Debt Collectors Cannot Contact You After You Tell Them to Stop
No one likes to receive a call from a debt collector. Debt collectors, for the most part, are annoying and bothersome. They are rude and have no problem harrassing people in an effort to get paid. But there is a…
California Debt Blog: Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores
This is a scary story from the New York Times. You think zombies are just on bad tv shows and in movies. But it turns out, that there are zombies in real life: zombie debts, at least. Here is the…
California Debt Blog: Debt Collectors Cannot Reveal Your Debt to Other People
We have all had it happen: you owe someone money, a debt collector calls your house, and they tell your spouse, your kids, or your parents that you owe money. This can’t be okay, can it? Generally, third-party contacts for…
California Debt Blog: A Debt Collector Cannot Demand More Than is Owed
What do you do when a debt collector says you owe $10,000 but the documentation shows you owe less? You tell them that they are violating the law. Yes, it is true. The Fair Debt Collection Practices Act and the…
California Debt Blog: A debt collector may not call you at work – usually
A debt collector will generally call you at home. Why? Because that is the number that was listed when you opened the account. But, sometimes, if you are really unlucky, they will call you at work. Are they allowed to…
California Debt Blog: Debt Collectors Fail To Validate Debts
So lets say you are sitting at home one day and you check your mail. You have a letter from ABC Collection Agency. ABC says that you owe them $2,500 and that you need to send them a check. You…
California Debt Blog: Aggressive Debt Collection Tactics Continue
I previously wrote about Jim Puzzanghera of the LA Times and his a great story on debt collection tactics. Jim’s first paragraph tells the story of most people these days: “Hard economic times have helped push millions of Americans deeply…