what type of loans does fdcpa apply to
Despite the initial appearance of being a. commercial debt, the purpose under which the debt. arose changed to personal, with the result that it is. covered by the FDCPA. The debt collector should. not only look at the origination of the loan or credit. card, but also if it was used for personal reasons. A transaction is the sale of goods or services to. another individual that may be purchased with a. credit card or a loan.