In the past, debt collection agencies would employ various disingenuous tactics to try to get people to pay. In 1977, the Fair Debt Collection Practices Act became a federal law. It received amendments in 1996, and it prevents debt collectors from utilizing certain tactics because the law classifies them as abuse.
The Fair Credit Reporting Act, enacted in 1970, is an example of complex federal legislation. Its main function, however, is to regulate the way the consumer reporting agencies use information about you.
In Pennsylvania and nationally, there are many laws that a debt collector must follow for the protection of the debtor. The Fair Debt Collection Practices Act is one such law on the federal level.
When you are shopping for a used car, it might be your worst fear that you buy a vehicle and it breaks down a week later. This is not an unreasonable fear. When you see a deal that seems too good to be true, it very well may be.