Unfair Practices

Discussion in 'Credit Talk' started by deadbeavis, Jan 4, 2004.

  1. deadbeavis

    deadbeavis Well-Known Member

    The law states :

    § 808. Unfair practices [15 USC 1692f]

    A debt collector may not use unfair or unconscionable means to collect or attempt to collect any debt ... the following conduct is a violation of this section:

    (1) The collection of any amount (including any interest, fee, charge, or expense incidental to the principal obligation) unless such amount is expressly authorized by the agreement creating the debt or permitted by law.

    Is the following considered not "expressly authorizing the amount" below?

    {taken from the written contract}
    "if {name of OC} requires services from a collection agency, I agree to reimburse {OC} for all expenses incurred"
     
  2. lbrown59

    lbrown59 Well-Known Member

    {taken from the written contract}
    "if {name of OC} requires services from a collection agency, I agree to reimburse {OC} for all expenses incurred"
    deadbeavis
    ===============
    IS this regarding a sold or assigned account



     
  3. deadbeavis

    deadbeavis Well-Known Member

    The account is ASSIGNED, not sold....
     
  4. deadbeavis

    deadbeavis Well-Known Member

    gotta <bump>
     
  5. jenz

    jenz Well-Known Member

    it doesn't sound unfair if you agreed to it in the original contract.
     

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