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FDCPA questions with correct answers already passed
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FDCPA questions with correct answers already passed
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FDCPAFDCPA - correct answer ✔✔Congress enacted the federal Fair Debt Collection Practices Act in 1977 to
prohibit third-party collection agencies from harassing, threatening and inappropriately contacting
someone who owes money.
FDCPA - correct answer ✔✔The uses the FDCPA to block debt agencies from using abusive, unfair or
deceptive practices to collect from consumers. Though the law is clear, many collectors don't play by the
rules and complaints against them abound.FTC
- correct answer ✔✔The FDCPA covers personal, family and household debts including credit cards,
home/auto loans, retail refinancing and medical bills.
no collection calls are permitted between 9 p.m. and 8 a.m. and none can be made to your workplace, if
you aren't allowed to take calls. - correct answer ✔✔Phone calls
Misleading Threats - correct answer ✔✔Debt collectors aren't allowed to threaten consumers with legal
actions that aren't permitted. They also can't threaten them with legal actions they intend to pursue.
Wage Garnishment - correct answer ✔✔Debt collectors are not legally allowed to garnish wages or bank
accounts without a court order. Such judgment directs a bank or employer to turn over funds or wages in
order to pay the debt. Even then, many federal benefits are exempt from garnishment, including Social
Security, student assistance and military annuities.
Misleading Correspondence - correct answer ✔✔Debt collectors aren't allowed to give false information
about you to anyone including a credit reporting agency- and they can't send you anything that looks like
a court or government document if it isn't one. Conversely, they can't lead you to think that papers they
send you aren't legal forms if they are.
Right to Sue - correct answer ✔✔debt collectors break the law. Consumers can sue them individually or
through a class action
, FDCPA - correct answer ✔✔rules only apply to debt collectors, who either bought your debt from a
lender or a third-party company that the lender hired to recoup owed money.
Collecters - correct answer ✔✔may be collection agencies, attorneys that buy delinquent debt from
creditors to collect.
- correct answer ✔✔and Creditors are know
Rules for Contacting You - correct answer ✔✔Notifying debt collectors in writing to stop contacting you
is your right, and creditors are still able to sue you if you fail to pay the debt. They can contact you to let
you know a lawsuit is coming.
Proving a Debt is Due - correct answer ✔✔Name of the creditor
Amount owed Instructions on how to repay the debt This is called the validation notice and must be sent
to the consumer within five days of initial contact. After that, you have 30 days to contact the debt
collector-also by letter-and give reasons why you don't owe the debt or why the amount is incorrect.
Sometimes a debtor owes money to several creditors, or more than one debt to a single creditor. Debts
can also be resold multiple times, so the name of the creditor might
Proving a debt is due - correct answer ✔✔Sometimes a debtor owes money to several creditors, or more
than one debt to a single creditor. Debts can also be resold multiple times, so the name of the creditor
might
Proving the debt is due - correct answer ✔✔After valadation, you have 30 days to contact the debt
collector-also by letter-and give reasons why you don't owe the debt or why the amount is incorrect.
If the Debt Is Yours - correct answer ✔✔If you've already paid it, be sure to include a copy of the
cancelled check or bank statement. If you contest the amount of the debt, verification should include
information about payments made, and interest and fees charged and/or waived.
If the Debt Stems from Identity Theft - correct answer ✔✔Include a copy of the police report regarding
identity theft. If you fail to respond within 30 days (known as the validation period) to dispute the debt,
it will be assumed to be valid.
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