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Is there a law that protects businesses from harassing creditors?

Is there a law that protects businesses from harassing creditors?

  • I am familiar with The Fair Debt Collection Practices Act for consumers. Is there a law in California that protects businesses from the same harassment from collection agencies (phone ...show more

  • Answer:

    FDCPA should have applications for personal and business debt. For example, a creditor is just as wrong for calling a proprietor of a business after hours as he would if it was a personal loan. Now as far as giving notification to other vendors about the debt. Do not confuse vendors sharing credit information in the form of credit references with general unsolicted information distribution. Creditors are allowed to give each other reference information. Also, large information companies such as Equifax and the National Association of Credit Managers (NACM) keep data on business supplied by their member companies. It is completely legal.

BZ7KBM7KQ3OBW66GFLFJ7RJ4CU at Yahoo! Answers Visit the source

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