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Must Know Consumer Laws Protect Your Consumer Rights

Ten Must Know Federal Consumer Laws

The concept of “Fair Debt Collection” is about more than just the federal Fair Debt Collection Practices Act (FDCPA) and “little FDCPA’s” (the state co-parts to the federal law) — it is a concept that includes all laws regulating consumer laws for debt, credit and banking. This is because “debt collection” can only truly be “fair” so long as debt creation, credit granting and reporting, and debt payment are also all fair. Fortunately, there are significant state and federal debt and credit laws, regulations and statutes that protect consumers during all transactions with creditors, credit reporters and bill collectors. Knowing these laws, and your rights under these other important federal consumer protection laws, will give you leverage in any negotiation  because when any of your rights under any of these laws is violated, the tables get turned and  that business may just owe you money – money that you can take as cash, or use to reduce your balances. How? Well, that’s what you must know.

Statutes and Consumer Laws Everyone Must Know to Protect Your Consumer Rights

customer_serviceThere are ten federal debt, credit and banking consumer protection laws every consumer just must know, period. They are the Truth In Lending Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Fair Credit Billing Act, the Equal Credit Opportunity Act, the Electronic Fund Transfer Act, the Telephone Consumer Protection Act, the Consumer Leasing Act, the Credit Repair Organizations Act and the Real Estate Settlement Procedures Act. Knowing these laws, or having no cost court representation under these statutes, can help protect you from being taken advantage of by businesses large and small in your everyday consumer debt, credit and banking transactions.

For example, did you know the Electronic Fund Transfer Act must be complied with when taking your payments electronically and that you could be entitled to up to $1,000 if this law isn’t followed, or that there is a Telephone Consumer Protection Act regulating computerized “robo calls”  and providing for payment to you of $500 to $1,500 for each call that violates the law? How about the laws for granting credit (Equal Credit Opportunity Act or “ECOA”), disclosing credit terms (Truth In Lending Act or “TILA”) and reporting credit (Fair Credit Reporting Act or “FCRA”) — do you know your rights, and when they are being violated?

Laws can be complicated, but knowledge of these legal requirements, and more importantly, the ability to spot a creditor or collector’s illegal act, can make the difference between paying full balances (or more) on your debt and settling any account (late or current) for less than you owe. So make the decision to to study these laws in your “spare time”, or just hire a Debt Help Lawyer and let them go through the mountains of contracts, disclosures, statements and bills to uncover these violations that can reduce your balances or put cash in your pocket.

confidential informationThere may be instances where discussing your situation over a public forum could potentially compromise your interests. On these occasions we will contact you directly via email in order to answer your inquiry in a confidential manner.


  1. i have been trying to leave a free case review and it will not submit…

    i got a call yesterday and the vm said they are investigating me for criminal charges i better call now…

    so i called and listened and wrote down what she said and her games she was playing and I also went to live chat for the company she said asked them to issue warrants for my arrest…

    please contaxct me… at my email addres for full details

    • Usually, when people make threats such as these the collection company is not a real, viable entity and are collecting on scare tactics alone. But, there are collectors and companies that push this envelope, so keep a call log, send it to us and we will review it and hunt down the callers and make them pay you! Get started today by calling us at 888-595-9111, we will open a file for you and protect you! No cost to you.

  2. AAron M Roberts,Jr.

    made a verabl/telephonic agreement with a debt collection agency(Windal-Professionals),
    to make three payments of $250.00 in three months which would clear my dept of education loan.
    But i could not make the payments on their terms,and went back when i could about that time I received a letter depicting a balance that did not reflect my previous payment of $250.. They said the payment did not count because i did not meet the deadline.My concern is the the payment was for a dept of education debt.shouldn’t that payment be creditted as a deduction of total owed ?

  3. Have a payment arengment wit a debt collector, I was late on my payment but still made it next thing I know they take all the money I had in my account is there any thing I can do

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