Bad Debt Recovery

Finance allah shmoop what is the fare debt collection practices

act fair debt collection That doesn't sound like a euphemism

for the guys with the baseball bats who knocked gently

on your door and talk with you quietly about your

poker losses there Well that whole goodfellas thing became such

a problem that the feds had to get involved in

established rules as to how far those guys with the

baseball bats could go and they came up with the

following a they can't use them the baseball bats to

hit your knee caps anyway if you don't pay your

bills be they have to listen to your pushback on

like a safe space is literally safe Space is not

like the kind of uc berkeley so they can't call

you at work and castle you thereabout bills if you

tell them not to and see they can't call you

at home in the middle of the night or bang

on your door at two a m and wake the

kids and terrify you about your bills that you owe

you owe well basically this act which became law in

nineteen seventy seven established the notion that even if you

really are a total deadbeat somebody who was stupid enough

to loan you money like you don't pay your bills

you promised to pay them and you just don't you

don't pam back You don't care about your honor self

respect you're a deadbeat but the feds took the perspective

that wealth Somebody was stupid enoughto loan you that money

in the first place and they can on li yu's

quote fair means unquote to collect the money you promised

to pay them back So what's fair Well this is

fair and this is not fair They're not they're they're

not fair All right you get the picture paid your 00:01:41.055 --> [endTime] bills