The Fair Debt Collection Practices Act – Your Best Friend
You will understand the importance of the Fair Debt Collection Practices Act only when you are plagued by debts. When 
you are weighed down by debts you will suddenly find that the whole world has turned hostile. Many creditors, in their desperation to recover their money, will employ a third party collection agencies. Others revert to entering negative remarks in your credit report which depletes your credit score.
Scary picture, right? But don’t worry; you still have rights, and you are still protected by the law.
The Fair Debt Collection Practices Act is meant to protect you from the vindictiveness of such creditors. They are required to report only the truth about the status of your credit, and are forbidden from using harassing and intimidating tactics.
Know your rights! Familiarize yourself with the FDCPA. And know also your rights, for best negotiations with creditors, as they often have the power to remove harmful remarks entered (by them) so that your credit score will improve. Insist on this in your negotiations – and get it in writing!
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