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Collections Law/Business Credit Lines

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Expert: - 10/22/2008


Question
Hi,

Someone told me that the FDCPA doens't apply for business line of credit. Is that true? What are the laws regarding business line of credit?

Thanks

Answer
Marcelo,

Business to business collections are not covered under the FDCPA because the FDCPA was written to protect "natural persons."  Commercial collections would be governed by the collection laws in your state.  A good many states mirror the FDCPA in their collection laws but, I would recommend you check with the Department of Consumer Affairs for a definite answer.

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Volunteer

Ray A Miller

Expertise

I am qualified to answer questions on the following subjects: FDCPA, FCRA and HIPAA as well as medical collections, general collections and collection agency related issues. I trained these subjects at a nationwide collection agency and customer service call center and audited around 150 representatives for compliance to the laws. I have been in the Collections Industry for over 30 years. I feel that everyone deserves to be treated fairly and with compassion and that is the way I trained collectors. Even though I worked for a Collection Agency, I get great satisfaction in helping those who have been mistreated or in need of help with these confusing issues.

Experience

I was the Compliance Administrator with a nationwide collection agency and customer service call center-I have trained hundreds of collectors on the above referenced topics. I have been in the medical collections industry for over twenty years and research these topics on a daily basis.

Organizations
ACA International

Education/Credentials
Some college ACA Certified Collection Specialist

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