North Carolina Collections-Creditors Rights FAQs

• Q: What is the Truth In Lending Act?
  A: The Act requires all creditors who deal with consumers to make certain written disclosures concerning all finance charges and related aspects of credit transactions … More
• Q: What Is The Fair Debt Collection Act?
  A: Under this Act (Title VIII of the Consumer Credit Protection Act), third­party debt collectors are prohibited from employing deceptive or abusive conduct in the … More
• Q: What Is The Electronic Fund Transfer Act?
  A: The Act requires financial institutions to adopt certain practices respecting such matters as transaction accounting, preauthorized transfers, and error resolution, … More
• Q: What Is A Demand Letter?
  A: Once an attorney reviews your file and your file is opened, the attorney sends a demand letter to the debtor. The purpose of this initial letter is to put the debtor … More
• Q: What About Litigation?
  A: Because of North Carolina's reasonable filing fees, litigation is a cost effective way of resolving delinquent accounts. If you can locate the debtor for service, it … More
• Q: Does North Carolina Have Wage Garnishment?
  A: North Carolina does not have wage garnishment, but you can turn over a Judgment to the sheriff's department for levy on real property and personal property owned by … More

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