Financial Products
Who does it support?
What is personal, family, or household purposes
What is it?
What is a federal law that protects consumers from abusive tendenacies of third-party debt collectors
Can debt collectors contact you after 9 p.m.?
What is false/no
The number of days a debt collector has to send you a written validation notice after first contact
What is five days
What is a loan?
What is an agreement where a lender, like banks, give money to a borrower, like consumers
Who does it not apply to?
What is business related, commerical, or governmental financial obligations
Who does it benefit?
What are consumers that take out loans for personal, family, or household purposes?
Can debt collectors use social media to announce their transactions?
What is credit?
Who are exempt?
What are orginial creditors (banks, lenders, or merchants collecting their own debts under their own business name)
Who does it not benefit?
Debt collectors can not contact you if you have an attorney
What is true
If you dispute a debt in writing within the 30 day window, the collecter must do what before resuming collection
What is verify/validate the debt?
A number that lenders use to evaluate how trustworthy you are with borrowed money
What is credit score?
What two things does the FDCPA not apply to?
What is debt from tax assessments, debt from the government, debt from the overpayment of benefits, and original creditors
What is 1977
May a debt collector keep contacting you after you tell them to stop?
What is no/false
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What are fixed expenses?
List 4 of the 6 products supported
What are credit cards, mortgages, student and personal loans, and medical bills / healthcare debt
List 4 of the 6 mentioned things debt collectors did before the act
What is intimidation, obscene language, persistent phone calls, harassment, pressure, and threats of most extents.
Can you send a pigeon with a letter tied to it's leg to contact the collector?
What is true/yes
(Technically a physical letter or an email)
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The equation used to calculate total net worth
What is assets minus liabilities