Over at a website called Master Your Card , Jonathan has written a helpful post explaining the Fair Debt Collection Practices Act. If you owe money to a creditor, they are probably going to contact you about it. The Fair Debt Collection Practices Act is a collection of standards that explain what people trying to collect debts may and may not do. Knowing these guidelines can help you to better understand their behavior, and when it is okay, or possibly even illegal.
Even if you've been very smart and don't have any looming bills, you may be able to help a friend or relative who is facing collection agencies and other debt collectors. Head on over to this great article to learn more.