Debt Collection Act - Understand it to protect yourself

At every step in life you will find a rule to protect your rights and define your limitations. 'Rights and responsibilities' are just the opposite sides of the same coin. There is an inseparable connection between the two. Debt stories also follow the same path when it comes to law.

What exactly is the rule of land concerning debt, debtors and debt collectors?
What control do you have over payment of debts?
What is Fair Debt Collection Practices Act?

You are a debtor if you are involved in one of these acts:

You use credit cards.
You owe money on a personal loan.
You are paying in home mortgage.

A debt collector is one who collects debt from a debt logged person. It can be any individual, a company or agency or even solicitors and attorneys other than the creditor himself. These people regularly collect debts on behalf of the creditors to whom you owe the loan. If you are unable to pay off your creditor the right amount at the right time or there are some errors in your account book, the debt collectors contact you. They cannot impose any act on you because under all situations the Fair Debt Collection Practices Act is there to protect you. Under this act the debt collectors are bound to treat you fairly by prohibiting certain methods of forceful harassment that goes against the law. Even if these laws protect you they do not promise you freedom from your debt or wave off any legitimate debt you owe.