According to a 2021 CNBC report, the average American has more than $90,000 in debt. The figure includes all types of consumer debt products, from credit cards to personal loans, mortgages, and student debt. The Fair Credit Extension Uniformity Act prohibits debt collectors and creditors from engaging in certain unfair or deceptive practices while attempting to collect debts. Michelle Nutter from the Pennsylvania Office of the Attorney General joins us with more information about the law.
If you believe that a debt collector has engaged in unfair or deceptive practices against you, or you’ve been taken in by a debt collection scam, please contact the PA Office of Attorney General’s Bureau of Consumer Protection at: 800-441-2555, via email at scams@attorneygeneral.gov or file a complaint online at www.attorneygeneral.gov.