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Legal Considerations in Debt Collection

Williams Rush & Associates is a positive business debt collection agency in Dallas, Texas. Find the best business debt collection agency to recover your unpaid invoices and overdue accounts receivable. Our experienced debt collectors will help you get paid faster and improve your cash flow.

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Legal Considerations in Debt Collection

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  1. Legal Considerations in Debt Collection Compliance with Regulations Debt collection is subject to a myriad of regulations at both the federal and state levels. The Fair Debt Collection Practices Act (FDCPA) is a federal law that sets guidelines for how debt collectors can interact with consumers. It prohibits practices such as harassment, false or misleading representations, and unfair practices. Validation of Debts Under the FDCPA, debtors have the right to request validation of the debt within 30 days of being contacted by a debt collector. This means that the collector must provide verification of the debt, including the amount owed and the identity of the creditor. Failure to provide validation upon request can result in the debt being unenforceable. Record-Keeping Maintaining thorough documentation is key to demonstrating the validity of a debt and ensuring compliance with legal requirements. This includes records of communication with the debtor, documentation of the debt itself, and any agreements or payment arrangements made. Contact us Contact (855) 869-9847 if you are looking for a a Dallas collection agency www.williamsrush-associates.com

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