Which type of debt is not covered by the FDCPA?

Which type of debt is not covered by the FDCPA?

Debts that may not be covered are those that are not incurred voluntarily, such as income taxes, parking and speeding tickets, and domestic support obligations like child support and alimony, or spousal support.

Which type of debt is covered under the FDCPA?

The FDCPA only applies to third-party debt collectors, such as those who work for a debt collection agency. Credit card debt, medical bills, student loans, mortgages, and other kinds of household debt are covered by the law.

Are debt buyers covered by FDCPA?

Although the Supreme Court concluded that debt buyers are not debt collectors under the FDCPA’s second definition of a debt collector that “regularly collects . . . another,” debt buyers can still fall under the FDCPA definition of debt collector if their “principal purpose . . . is the collection of any debts.”

Does FDCPA apply to commercial debt?

The FDCPA applies only to the collection of debt incurred by a consumer primarily for personal, family, or household purposes. It does not apply to the collection of corporate debt or debt owed for business or agricultural purposes.

Does FDCPA apply to original creditor?

The FDCPA defines a “creditor” as the person or entity that extended you the credit in the first place (in other words, your original lender). Because the FDCPA is designed to protect debtors against third-party debt collectors, it doesn’t apply to your original creditor or its employees.

What debts does the FDCPA apply to?

Does FDCPA apply to banks?

v. Santander Consumer USA Inc., the United States Supreme Court held that the Fair Debt Collection Practices Act (“FDCPA”) does not apply to banks and other consumer finance firms that purchase and then collect on defaulted debt that they own.

What legal rights do debt collectors have?

Debt collectors have no special legal powers. You may feel under pressure to pay more than you can afford, but don’t feel threatened. Find out more about the difference between debt collectors and bailiffs. Debt collectors may work for your creditor, or they may work for a separate debt collection agency.