The FDCPA only offers protection to consumers for private
debts. Here is the specific wording from the FDCPA:
" Any obligation or alleged obligation of a
consumer to pay money arising out of a transaction in which
the money, property, insurance or services which, are the subject of the
transaction, are primarily for personal, family, or household
purposes."
Some examples of consumer debts are auto loans; medical
expenses; charge cards, credit cards, mortgages, personal loans and so forth.
Many other laws pertain to commercial and business debts. To attempt to list
them all is beyond the scope of this site. However, I suggest you start with
the Uniformed Commercial Code and then look for state and federal laws
concerning international and interstate commerce.
I've often been asked by small business owners who use credit
cards to finance their business if their credit card debt is considered
business debt or personal debt. The answer depends on the name used on the
credit cards and how they are used. Credit cards that are issued in the
business name and are used exclusively for business purposes would normally be
treated as business debt.
Credit cards issued to an individual who then chooses to use
the personal card to finance a business may not be protected under the FDCPA if
the charges are primarily for business expenses rather than for personal,
family, or household purposes. Use personal credit cards with caution when
financing a business.
Finally, always consult an attorney well versed in
business and credit law to be sure of your status!
