Credit Cards

Mini-Miranda rights

The disclosures debt collectors must make to consumers who owe money. When first contacting debtors, debt collectors must inform the person in writing or verbally: 1) the amount of the debt, 2) the name of the creditor, 3) the fact that unless the consumer disputes the validity of the debt within 30 days, the debt will be considered valid, and 4) that the consumer can ask for verification of the debt. The name “mini-Miranda” is a reference to the Miranda rights statement law enforcement officers must give prior to arresting criminal suspects.