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In the state of Arizona, entities and individuals who solicit claims for collections ? or collect claims owed or due to a third party ? require a Collection Agency License. Licensing is regulated and supervised by the Arizona Department of Financial Institutions (AZDFI).
The measure protects household goods and bank accounts, plus family vehicles, and adjusts the amounts annually for inflation. To help Arizonans avoid being trapped by debt, the initiative adds protection against wage garnishment and limits the interest rate on medical debt to 3%.
To verify a debt collector, ask them to provide: Their name. Company name. Company street address. Telephone number. Professional license number, if your state licenses debt collectors.
Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.
Fair Debt Collection Practices Act (FDCPA) § 1692-1692p). Third-party debt collectors are prohibited from engaging in unfair, deceptive, or abusive practices while collecting these debts. Under the FDCPA, third-party debt collectors: may contact a person only between a.m. and p.m. at home or work.
Statute of Limitations in Arizona The statute of limitations for credit card debt is three years. For car loans, mortgages and medical debts it's six years, and for unpaid taxes it's 10 years. The timeframe indicates the amount of time a debt collector has to collect a debt.
Fair Debt Collection Practices Act (FDCPA) § 1692-1692p). Third-party debt collectors are prohibited from engaging in unfair, deceptive, or abusive practices while collecting these debts. Under the FDCPA, third-party debt collectors: may contact a person only between a.m. and p.m. at home or work.
A debt collection form is used by employers to get the contact information from debtors (people who owe you money).