All The Rights Related With Consumers
Under the Fair Debt Collection Practices Act, the following provisions were made:
1. Debt collectors are only allowed to contact other people, aside from the debtor himself, only to find out any whereabouts of the debtor.
2. Debt collectors aren’t allowed to contact the debtor before 8:00 a.m. and after 9:00 p.m. local time.
3. Debt collectors aren’t permitted to intimidate, pressure, or make threats to the consumer with legal action or arrest if it is not duly planned, considered, or made known to third parties, or at least talk about debts with them.
Fair Credit Reporting Act
The Fair Credit Reporting Act upholds the confidentiality, discretion, and truth of information as used in creating customer credit reports. It seeks to control the distribution, collection, and utilization of “consumer credit information.”
Under this law, the credit reporting agencies are required to uphold absolute, full, and accurate files and information.
With this act, consumers are entitled to receive their credit reports and to take actions to validate the correctness of information contested by a customer.
The consumers are entitled to such actions under this law:
1. Credit bureaus are permitted to provide credit reports only to those with a lawful business causes
Credit bureaus are not allowed to disclose any information or credit report to institutions that have no legal basis as to their request for a particular credit report information. Only entities such as insurers, employers, creditors, and government agencies are allowed to receive an individual’s credit report as part of the evaluation process.
2. The consumer’s right to know regarding denied credit
In cases like denied credit, consumers have the right to know about the details of such report. With this, consumers can identify which credit bureau issued such report.
In this way, the consumer will be able to check if there has been any discrepancy.
These are just some of the rights consumers can enjoy under the Fair Credit Reporting Act and the Fair Debt Collection Practices Act.
With these laws, the rights of the consumer to a just and fair treatment are upheld.
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