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Debt collection issues can be challenging. You don't have to face them alone. Our resources, including guidance on the CFPB’s Debt Collection Rule, can help you understand how debt collection works and what your rights are.
Can debt collectors collect a debt that’s several years old? I'm in the military. Can a debt collector have my security clearance revoked if I fall behind on paying my debt? I'm a servicemember and I'm being contacted by a debt collector about a debt. What are my rights and where can I get help?
If you think a debt collector has improperly reported a debt to a credit reporting company without meeting their obligations under the Fair Debt Collection Practices Act (FDCPA), you can submit a complaint with the CFPB online or by calling (855) 411-CFPB (2372).
The Fair Debt Collection Practices Act makes it illegal for debt collectors to harass or threaten you when trying to collect on a debt. In addition, on November 30, 2021, the CFPB’s new Debt Collection Rule became effective.
If you have been sued or “served” by a creditor or debt collector for an overdue debt, read the lawsuit carefully and respond by the required deadlines. By taking this step, you can protect yourself and help avoid additional financial difficulties.
Debt collectors can include collection agencies or lawyers who collect debts as part of their business. There are also companies that buy past-due debts from creditors or other businesses and then try to collect them.
The Fair Debt Collection Practices Act (FDCPA) is the main federal law that governs debt collection practices. The FDCPA prohibits debt collection companies from using abusive, unfair or deceptive practices to collect debts from you.
The Fair Debt Collection Practices Act (FDCPA) is the main federal law that governs debt collection practices. The FDCPA prohibits debt collection companies from using abusive, unfair, or deceptive practices to collect debts from you.
If you're having an issue with debt collection, you can submit a complaint with the CFPB. First, determine important information about your debt—including if it’s legitimate and if you really owe it—and then use our sample letters to respond appropriately to the debt collector.
If you’re seeking a lawyer, look for one with experience in consumer law, debt collection defense, or the Fair Debt Collection Practices Act. Here are a number of ways to find one: Contact a lawyer referral service in your area; Find lawyer referrals in your area by checking the American Bar Association website or your state bar association.