What Is The FTC And How Can They Help Me With Creditor Calls?

The Federal Trade Commission (F.T.C.) is the only federal agency in this country that has the ability to handle consumer protection issues on a federal level that involves the pursuit of agencies who engage in unfair and deceptive acts of business against consumers. Although established in 1938 for the sole purpose of regulating anti-trust violations, the Federal Trade Commission has evolved over the years to now establish and administer a wide variety of consumer protection services performed by the Bureaus of Consumer Protection.

So what does this mean for you?

What we fail to realize as consumers are the assortment of laws established by the Federal Trade Commission and the ability of these laws to help assist us against creditors. When a creditor calls you before 7:00 am, is it legal? Everything you need to know about what regulates the creditors who may be calling you can be found at www.ftc.gov. If you feel that your rights have been violated, we urge you to contact the Federal Trade Commission to file a formal complaint at https://www.ftccomplaintassistant.gov.

If you believe in any way that a debt which is now being collected by a 3^rd party debt collector is either not yours, not accurate, or unrecognizable, it would be in your best interest to take advantage of the opportunity afforded to you under this law by doing any of the following;

• Requesting copies of the original signature on applications for the alleged credit
• Requesting proof of each and every charge made since alleged credit was issued to include any periodic change in interest rate and/or fees
• Requesting proof of signature of receipts of alleged purchases made on the account since alleged credit was issued

Demanding validation is a right that is afforded to everyone; for information regarding this along with many other laws pertaining to debt collection, please visit http://www.ftc.gov/ for more information.