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.