Legal Question in Credit and Debt Law in Texas

commercial collections

I am aware of the laws in re: to consumers, but how is a business debt different, and why are they not protected under the same law as consumers?


Asked on 4/11/04, 5:08 am

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: commercial collections

The Fair Debt Collection Practices Act is designed to give assistance to individuals who haved acquired credit for their own, personal use. There's usually a disparity in bargaining strength between the individual and the lender.

Business debts are usually incurred to enable the business to make a profit.

Those differences are why businesses aren't given the same protection as individual consumers.

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Answered on 4/11/04, 3:27 pm


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