Fair Debt Collection
/ˈfɛər dɛt kəˈlɛkʃən/
Definitions
- (n.) The practice of collecting consumer debts in compliance with legal standards that protect consumers from abusive, deceptive, or unfair debt collection methods.
Fair debt collection requires debt collectors to provide accurate information and prohibits harassment.
Forms
- fair debt collection
Related terms
See also
Commentary
The term is often associated with statutory regulation such as the Fair Debt Collection Practices Act (FDCPA) in the U.S., emphasizing lawful and ethical methods in third-party debt collection.
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.