Amidst their hectic schedules, itís easy for college students
to let financial responsibility slip, specifically when using
credit cards. While credit cards have advantages such as convenience
and the opportunity to build reputable credit, they can also
entrap a college student.
If you have buried yourself in credit card debt, and collection
agencies are hounding you, you should know your rights under
the law. According to The Fair Debt Collection Practices
Act, first and foremost, a collection agency must state
that they are a collection agency attempting to collect a
debt and that any information obtained will be used for that
A collection agency has five days after initial contact to
notify you that you have 30 days to dispute a debt, or any
portion thereof. A collection agency may not call you before
8 a.m., or after 9 p.m. in the time zone you reside.
You are not obliged to communicate with a collection agency.
Simply hang up the phone, and turn the ringer off. While that
may be rude, so is the harassing nature of the collection
process. If that fails, inform them in writing that you wish
to cease all communication, and they must legally adhere to
The Fair Debt Collection Practices Act does not advocate
the avoidance of collection agencies or of oneís financial
obligations. Doing so will only provoke a collection agency
to work harder and may result in legal action. The best course
of action, according to most credit experts, is to effectively
communicate to a collection agency your intent to satisfy
The Fair Debt Collection Practices Act establishes
limits on a whole range of collection agency practices. For
more information, simply do a Web search.