Debt Collectors Pay Price
A debt collector recently charged a borrower $2.95 in interest on a judgement, even though no post-judgement interest had been awarded. A district court decided that this violated the Fair Debt Collection Practices Act, meaning that the debt collector had to pay the borrower $1,000.00, plus legal fees. This might seem like a hefty punishment for such a small amount of money, but that is the penalty for violating the act – even if the violation is minimal. You can read the opinion here.
If you are being harassed by debt collectors, The Law Firm of Vaughn, Weber & Prakope, PLLC is here to help. Call our office at 516-858-2620 today to schedule a free consultation.
Debt Collectors Misled Borrowers
Court Finds that Debt Collectors Misled Borrowers
A debt collection agency recently sent a letter to borrowers telling them that their student loan debts could not be discharged in bankruptcy, and must be paid. The truth is, student loans CAN sometimes be discharged in bankruptcy, although it is uncommon. Read more about this topic here.
Debt collectors misled borrowers often, judging from the number of successful Fair Debt Collection Practices lawsuits against them. If you have been harassed, lied to, contacted at unusual hours, or otherwise abused by debt collectors, you may be entitled to compensation.
Long Island Litigation Attorneys
The attorneys at The Law Firm of Vaughn, Weber & Prakope, PLLC can help in these matters. Call (516) 858-2620 today for a free consultation!
Aggressive Debt Collectors
This article seems to suggest that they are. Although this is bad news for borrowers, the law, fortunately, protects borrowers from overly aggressive debt collectors. Debt collectors that harass borrowers, contact borrowers at odd hours, or contact borrowers’ employers may be violating the Fair Debt Collection Act. If so, those debt collectors may be forced to pay borrowers $1,000 in damages. Additionally, without proper documentation, the debt may be discharged.
If you believe that you have been harassed by aggressive debt collectors, the Law Firm of Vaughn, Weber & Prakope, PLLC is here to help! Call (516) 858-2620 for a free consultation.