Collection Agencies in Pennsylvania and Laws

Pennsylvania Debt Collection Laws Summary

• The Fair Credit Extension Uniformity Act (FCEUA) regulates the debt collection activities of debt collectors and creditors in Pennsylvania and applies to both debt collectors and creditors.

• FDCPA protects consumers who could be subjected to abusive, deceptive, or unfair trade collection practices by debt collectors.

• Pennsylvania has a six-year statute of limitations on debts.

• In Pennsylvania wage garnishment is really hard. It is allowed only under very limited circumstances, mostly related to student loans, taxes, or spousal/child support, unless allowed by a court order.

• Debt collectors may report the debt to credit reporting companies or sue a debtor in the court.

Pennsylvania Debt Statistics

• Average Student Loan in Pennsylvania is about $36,000.
• The average mortgage debt in Pennsylvania is $145K.
• The average credit card debt in Pennsylvania as of 2019 is around $6,150
• Pennsylvanians had an average credit score of 687 in 2018

Pennsylvania Geographical Stats

• Population in Pennsylvania : 12.7 million (year 2018)
• Number of millionaires: 309 K  ( year 2017)

Pennsylvania debt collection agency can collect all across the state including these cities Philadelphia, Pittsburgh, Allentown, Erie, Reading, Upper Darby, Scranton, Bethlehem, Bensalem and Lancaster.