Back to Basics, Continued—More About Debt Collection
By EsqSocial Corporation 08/06/21
Consumer finance companies and credit sellers spend much time and energy avoiding becoming a third-party debt collector. The Fair Debt Collection Practices Act (FDCPA) imposes serious limitations on third-party collectors. And, certainly, debt collection remains one of the principal elements of the consumer finance industry. But, we have long advocated that creditors collect their own debt, and in so doing seek to avoid becoming third-party debt collectors in order to avoid the restrictions of...
By: Dentons