If you are a small business owner dealing with past due accounts receivable, or if you are having trouble paying your monthly bills and are receiving notices from creditors, you should acquaint yourself with the collection process. This article will provide a summary of that process. The narrative will be from the creditor’s perspective, but it will be equally helpful to debtors.
When two parties litigate in America, each side typically bears its own attorney fees, whether they win or lose. The prominent exception to this rule is when attorney fees are specifically provided for either in a statute particular to the subject matter of the litigation or a in contract between the parties.
In this article we answer the questions, “who is required to follow the Fair Debt Collection Practices Act?” and “what types of debt are subject to the FDCPA?” We answer the following questions: “what is The Fair Debt Collection Practices Act?, “who qualifies as a debt collector under The Fair Debt Collection Practices Act?, “are in-house collectors subject to The Fair Debt Collection Practices Act?, “what types of debts are covered under The Fair Debt Collection Practices Act?”
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