Many laws have been passed in the last 70 years to protect consumers. However, it is next to impossible for any consumer to know them all, know all of the factors they cover, and how to implement the protections. Lenders count on this fact.
They or the companies to whom they sell their debt, frequently expect their collection efforts to intimidate you into paying them. They count on you not knowing your rights, and they trample on them in their efforts to collect. Consumers cannot expect proper treatment in these matters…it’s a matter of money. Money is all they care about. Here are just a few of the laws that are used to help consumers: