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Quizzes and Polls > Quizzes and Polls Index > What's Your Debt Collection IQ?
Quiz: What's Your Debt Collection IQ?

If you're behind on your bills, or a creditor's records mistakenly indicate that you are, you'll soon become familiar with debt collection - one of the most stressful experiences for any consumer. Fortunately, by becoming familiar with your rights as a consumer, you can protect yourself against unfair and abusive debt collection practices. What's your debt collection IQ? Take our quick and easy quiz to find out now.

Quiz Questions:

1. What is a first-party debt collector?
It's a collection agency.
It's a department or subsidiary of the company that owns the original debt.
It's a company that purchases debts from creditors for a fraction of the original value, then pursues the debtor for the full balance, often with interest.
All of the above.

2. What is a third-party debt collector?
It's a collection agency.
It's a department or subsidiary of the company that owns the original debt.
It's the individual debtor.
All of the above.

3. The Fair Debt Collection Practices Act (FDCPA) applies to which types of debt collectors?
First-party debt collectors.
Third-party debt collectors.
Both first- and third-party debt collectors.
None of the above.

4. Which unfair or abusive debt collection practices does the FDCPA protect against?
Calling consumers before 8:00 A.M. or after 9:00 P.M. local time.
Communicating with consumers at their place of employment after the employee has advised them not to do so.
Misrepresenting a debt, using deception to collect a debt, or making unlawful threats.
All of the above.

5. The FDCPA requires collection agencies to do which of the following?
Identify themselves in every communication and notify the consumer that they are a debt collector.
Provide the name and address of the original creditor, as well as verification of the debt, upon the consumer's written request.
Notify the consumer of their right to dispute the debt.
All of the above.

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