The Federal Trade Commission Thursday announced a settlement in a long-running case against two debt collection agency owners and their network of companies that threatened lawsuit and arrest over debts consumers often did not owe. The two principal owners of Rincon Debt Management, Jason R. Begley and Wayne W. Lunsford, will surrender more than $3.3…
The Fair Debt Collection Practices Act (FDCPA) has a number of complex stipulations that prohibit debt collectors from utilizing practices deemed as harassing. Although some laws within the act can be pretty straightforward, other policies are more complex. For years, reputable debt agencies have understood that certain phone calling activities are illegal. For example, calling…
A Glendale, California-based debt collector will pay $1 million dollars to settle Federal Trade Commission charges that the defendants violated federal law. This is the first FTC action against a debt collector who used text messaging to attempt to collect debts in an unlawful manner. The FTC, the nation’s consumer protection agency, alleged that Archie…
A resident of West Philadelphia is alleging that a debt collector has engaged in unlawful practices. Kimmel & Silverman, P.C. has filed a complaint against national debt collection company Virtuoso Sourcing, Inc., on behalf of Crystal Monroe. The lawsuit was filed on May 21 in United States District Court, Eastern District of Pennsylvania. The complaint…
Making sound financial decisions starts with knowing your rights as a consumer Consumer advocates are hoping this month that April showers also bring May financial flowers for their clients, using National Financial Literacy Month as a springboard to get people to know their consumer rights to avoid being taken advantage of. According to www.financialliteracymonth.com, Americans…
After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges. The FTC alleged in its complaint that the defendants – a debt buyer and a debt collection law firm, both based in Mississippi – violated the FTC…
Before announcing its acquisition today of Asset Acceptance, Encore Capital Group (aka “Midland Funding”, “Midland Credit Management” and “MCM”) boasted that it has one out of every nine collection “accounts”. In the $200 million purchase of Asset Acceptance, Encore is adding millions more in receivables to its portfolio, claimed from financially distressed consumers. Encore Capital,…
Consumer Attorney Craig Thor Kimmel, Founding Partner of CreditLaw.com, visited Good Day Philadelphia to discuss how consumers can battle harassing collection calls. Under the Fair Debt Collection Practices Act, consumers can get the collection calls to stop and possibly receive damages of up to $1,000.
Getting harassed by a debt collector can be frustrating, annoying and even scary. Fox 43 Morning News spoke with Pennsylvania consumer attorney Craig Thor Kimmel about your rights. (Video has been removed – Admin)
Do you have debt? How do you stop collection calls? Craig Thor Kimmel explains debt collection practices (FDCPA) and other laws people should know. Click Here to Watch the Interview: Debt Collection by Ebru Today
