Asked by terrence showers on Apr 27, 2024
Verified
A debt-collection agency can always contact a debtor at his or her place of employment.
Debt-Collection Agency
A debt-collection agency is a business that specializes in collecting debts that are overdue or have been defaulted on, typically working on behalf of another company or entity.
- Familiarize oneself with the vital importance of truthfulness within credit and financial services, encompassing the rights afforded to debt collectors.
Verified Answer
MP
Matthew PerkinsApr 29, 2024
Final Answer :
False
Explanation :
Debt-collection agencies are restricted by laws such as the Fair Debt Collection Practices Act (FDCPA) in the United States, which limits their ability to contact a debtor at work if they are informed that the employer prohibits such communications.
Learning Objectives
- Familiarize oneself with the vital importance of truthfulness within credit and financial services, encompassing the rights afforded to debt collectors.