Financial transactions are the bedrock of setting up a successful business. It involves borrowing money sometimes and sometimes lending money out of good faith. However, things turn sour when the person borrowing money from you does not pay you back on time. It would be best if you chased these debtors continuously, within the rules and regulations under the Fair Debt Collection Practices Act (FDCPA). This prohibits the creditors from harassing, abusing, or oppressing the debtor. It provides legal protection in case of unfair debt collection practices. Therefore, as a creditor, you adhere to all the rules and take ...Read more
