Has a Debt Collector Threatened to Collect the Entire Balance of Your Loan?
Class Action Investigation of Debt Collectors Violating Collection Laws
If this is happening to you, the debt collectors may be violating a law called the Fair Debt Collections and Practices Act (FDCPA). If you received a demand for the balance of the whole loan, you may be entitled to money against a debt collector for using these unfair practices. Please contact us for a free evaluation using the form on this page, or call us at 424-245-5505. By completing our confidential inquiry, you will be assisting us in the investigation of this potential breach of federal consumer law.
Background
Sometimes debt collectors even threaten a lawsuit or taking your property in order to collect the whole balance of your loan. Many consumers have reported numerous unfair debt collection practices, including but not limited to:
- Consumers have been sent threatening collection letters indicating the intent of the debt collector to accelerate the collection of the balance of the loan amount if the consumer does not remit the entire past due amount of delinquent payments immediately.
- Third party debt collectors have harassed the consumer with annoying and persistent telephone calls. These phone calls may often include the threat of the acceleration of the balance of the loan or credit card amount including any past due payments.
- Third party debt collectors refusing to accept late payments as compensation for the past due amount, and threatening the consumer with legal action with no legitimate intention of engaging in legal pursuit of loan amount against the consumer.
Potential Class Action
We are investigating potential claims on behalf of consumers who have loans or credit card debt and may have been threatened or abused by third party debt collectors violating the Fair Debt Collections and Practices Act, U.S.C.A. 15 § 1692-1692p.
Consumers may have a claim against certain entities in the business of debt collection for their unfair practices. Federal laws and regulations require debt collectors to use fair practices when attempting to collect a debt on behalf of an original creditor. Federal and State Regulations to protect consumers govern the collection methods and use of consumer information when attempting to collect a debt. Consumers may be entitled to actual and additional damages for each violation of these regulatory guidelines during the attempt to collect a debt on behalf of the original creditor.
If you believe you, or someone you know, has experienced the unfair debt collection practices discussed above, please contact us immediately for a free case evaluation either by submitting our confidential form on this page, or by calling us at 424-245-5505.
