Muller Law Firm Let's Companies Know About Their Creditors Rights!

Know your creditor's rights? You could be covered by the Fair Debt Collection Practices Act.
By: Muller, Muller, Richmond, Harms, & Myers, P.C.
 
BIRMINGHAM, Mich. - Jan. 6, 2020 - PRLog -- Do you think your companies not covered by the Fair Debt Collection Practices Act? You may want to contact Muller, Muller, Richmond, Harms & Myers to learn your creditor's rights.

Section 803(6) of the FDCPA (https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text#803) defines a "debt collector" as "any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another." A debt collector "includes any creditor who, in the process of collecting his own debts, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts." In other words, if a creditor collects its own debts but uses a different name that suggests it's a third-party debt collector. The company is now a debt collector subject to the FDCPA.

Coverage under the FDCPA changes the compliance rules, which is why creditors need to know if they're subject to that law. The FDCPA imposes additional obligations and non-compliance can be costly. Contact Muller Law Firm today for more information!

About Muller Firm: Located in Birmingham, Michigan, Muller Firm P.C. is a family practice handling debt collection in Michigan for in-state, out of state, and international judgments against debtors. Their debt collection experts fight for creditor's rights no matter how big or small the amount of debt. Call today for help with your collections! www.mullerfirm.com

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Mike Muller
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Tags:debt collection Michigan
Industry:Legal
Location:Birmingham - Michigan - United States
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