Update by user Oct 02, 2011
What constitutes a 3rd party?
Original review posted by user Oct 02, 2011
They're delinquent! They're angry that there are consequences! But mostly it's just those annoying phone calls directly from your lender.
For clarity, the Fair Debt Collection Practices Act (FDCPA):
FDCPA generally applies only to third party debt collectors"”not internal collectors for an "original creditor"
Is this organization a debt collector? Or does this organization produce loans, and subsequently service those loans?
Hint: this organization is NOT a debt collector. No, a debt collector will sue you and garnish your wages by the stroke of a pen.
Talk to the people reaching out to help you, or be prepared for real debt collection practices - not just phone calls.