Does Debt Removal Secrets Work For Business Debts (LLC, Corporation, Etc.)
The FDCPA applies only to the collection of debt incurred by a consumer primarily for personal, family, or household purposes. It does not apply to the collection of corporate debt or debt owed for business or agricultural purposes. Despite this business debts can still be removed because commercial collection companies are oft certified by associations such as the International Association of Commercial Collectors (IACC), Commercial Law League of America (CLLA) and the Association of Credit and Collection Professionals (ACA). These associations serve as substitutes to the federal laws obeyed for consumer collections, ensuring that commercial collection agencies are using fair, ethical, and respectable practices (i.e. following debt validation and verification requests).