Under the Fair Debt Collection Practices Act,a Collection Company Is

question 4

Multiple Choice

Under the Fair Debt Collection Practices Act,a collection company is legally permitted to

• A)call the debtor at any time of the day.
• B)call acquaintances of the debtor to tell them that the consumer is in debt.
• C)call the debtor even if the debtor has requested in writing that he or she wishes no further contact.
• D)visit the debtor at work if the consumer's employer permits such contact.

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Definitions:

Accounts Payable

Liabilities owed by a business to its creditors for purchases or services rendered that are expected to be paid off within a year.

Inventory Reduction

A strategy to decrease the amount of inventory that a company holds in order to improve cash flow or reduce storage costs.

Tax Refund

The amount of money returned to a taxpayer by the government when the taxpayer's paid taxes exceed their tax liability for a given year.