Can Debt Be Re-sold Under The Amended FDCPA? - Crazy About Credit Cards

Can Debt Be Re-sold Under The Amended FDCPA? Understanding the rules surrounding debt resale is essential for anyone navigating the world of debt collection. In this video, we will break down the Fair Debt Collection Practices Act (FDCPA) and its implications on the resale of debt. We will clarify the purpose of the FDCPA, which aims to protect consumers from unfair and abusive practices in debt collection.

We’ll discuss the specific regulations that govern the sale and transfer of debts, including what debt collectors can and cannot do under the law. You’ll learn about the key protections in place to prevent harassment over debts that may have already been settled or discharged.

Additionally, we will highlight exceptions to these rules, such as scenarios involving mergers and acquisitions, secured debts, and the process of securitization. Understanding these exceptions can help you make informed decisions and better protect your rights as a consumer.

Join us for this informative discussion, and don’t forget to subscribe to our channel for more helpful information on credit cards and debt management.

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About Us: Welcome to Crazy About Credit Cards! Our channel is dedicated to simplifying your credit card journey, whether you're a beginner or looking to maximize your rewards. We cover everything from Credit Card Basics and types of Credit Cards like Rewards, Cash Back, and Travel Credit Cards, to essential topics like Credit Card Interest Rates and how to Build Credit using these financial tools. We'll also discuss Balance Transfer and Secured Credit Cards as well as explain any Credit Card Fees you may encounter along the way.

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