Not being able to pay a debt you have incurred can be a very unpleasant situation, and debt collection agencies might make it even worse. But what are the limits of the ways they can attempt to collect their debts? Take this quiz to see how much you know about the Fair Debt Collection Practices Act.
As of 2007, what was the approximate average amount of consumer debt per U.S. citizen?
Changes in what type of laws were responsible, in part, for the increase in U.S. consumer debt?
Complaints against debt collection agencies was approximately how much greater in 2007 than in 1999?
twice as many
four times as many
six times as many
Which U.S. government agency oversees the Fair Debt Collection Practices Act (FDCPA)?
Federal Trade Commission
Interstate Commerce Commission
United States Commercial Service
In what year did the FDCPA become law?
What rules apply to the collection practices of individual creditors?
the Federal Debt Collection Practices Act
Debt collectors are prohibited by the FDCPA from contacting debtors by what means?
What is the latest that a debt collector is allowed to call you, according to the FDCPA?
Is a debt collector permitted to call you at work?
only if your employer permits such calls
What are debt collectors allowed to discuss with your friends, family members or employers?
your contact information
What is it illegal for a debt collector to charge you for?
phone calls and postage
credit card interest
anything above 90% of what you owe
How can you legally prevent a debt collection agency from contacting you?
sending them a letter requesting that they stop
having a lawyer call them
paying off 51% of your debt
How long does a debt collector have to respond to a requested debt validation?
10 business days
If you sue a collection agency and win, how much might you be entitled to?
their dropping their claims against you
What should you do to prevent future debt collection if you are the victim of identity theft?