A debt may not be a “debt”

Answered by:

Question:

What debts may be covered now?

Answer:

The proposal restates the old definition but adds a new category of debt called a “Consumer Financial Product or Service Debt.” Parts of the rule apply to “debts,” others to “Consumer Financial Products or Service Debts.”
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Learn more about Andy and John’s webinar The FDCPA Proposal – Why you Can’t Ignore it!