Debt Collection Practices
/ˈdɛt kəˈlɛkʃən ˈpræktɪsɪz/
Definitions
- (n.) The methods and legal actions used by creditors or collection agencies to recover owed debts from debtors.
The company was investigated for unfair debt collection practices.
- (n.) Regulations and laws governing how debt collection must be conducted to protect consumers.
The Fair Debt Collection Practices Act sets limits on debt collection practices.
Forms
- debt collection practice
Related terms
See also
Commentary
Term often refers both to the overall conduct of collecting debts and the regulatory framework governing such conduct.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.