From what I understand, Missouri's laws are lacking to say the very least.
However, I did find one section of the Missouri Statutes that is titled "Debt Adjusters and Collection Agencies"
On that website it states:
425.010. As used in this chapter, the following terms mean:
(1) "Debt adjuster", a person who acts or offers to act for a consideration as an intermediary between a debtor and his creditors for the purpose of settling, compounding, or in any wise altering the terms of payment of any debts of the debtor; and to that end the person receives money or other property from the debtor, or on behalf of the debtor, for payment to the debtor's credit by the person, or distribution among, the creditors by the person. This definition shall only apply to a person who collects funds from a debtor and delivers such funds to the debtor's creditors;
Ok, so am I misreading or is a CA who does NOT OWN the debt, considered a debt adjuster?
What do you all think?
Funny thing, on the Dept of Finance's website it states:
The Federal Fair Debt Collection Practices Act, linked with state law, provides considerable protection for the debtor from abusive or outrageous collection tactics by a collection agency.
Problem is, I've not found no state law that provides any protection.
