What is the Fair Debt Collection Practices Act, or FDCPA?

Current Events and News

© 2004 - 2019 Golden Financial Services

What is the Fair Debt Collection Practices Act, or FDCPA?

Fair Debt Collection Practices Act Summary Video from GFS

Ruth Adorno

Did you know that as a consumer you have rights regarding debt collection and credit?
The Fair Credit Reporting Act illustrates consumer rights regarding credit, and the Fair Debt Collection Practices Act outlines your rights regarding debt collection. Consumers should understand both of these Acts.

Today, we will take a look at your rights as a consumer in regards to debt collection.
From Wikipedia, “The Fair Debt Collection Practices Act (FDCPA), is an amendment (codified as 15 U.S.C. § 1692), establishing legal protection from abusive debt collection practices… The statute’s stated purposes are: to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information’s accuracy. The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act.”

Debt collectors have been known to harass, scare, mislead and abuse consumers, as a tactic to collect money. Third-party debt collectors are regulated, and abusive methods are prohibited. The FDCPA provides consumers with rights that protect them from debt collectors.
Golden Financial services produced an easy to understand guide, which a person can skim through and learn the important points in the Act within minutes.

If you desire to learn more details about FDCPA, then we recommend viewing the full copy of the Act on the Federal Trade Commission Website (FTC). We are in no way trying to represent the FTC. Our version is not intended in any way to constitute, override or replace the original versions created by the Federal Trade Commission, and we urge consumers to view the original version as well.

Call 866-376-9846 for further assistance in understanding this Act or if you need assistance with debt.



Leave a Reply

Get your free debt evaluation
We are open!
left to call today


The information contained in this website is for general information purposes only. The information is provided by Golden Financial Services (https://www.GoldenFS.org) and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Through this website you are able to link to other websites which are not under the control of Golden Financial Services. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Every effort is made to keep the website up and running smoothly. However, Golden Financial Services takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Get Our Latest Events and News