This story was on the local news last night.
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That was awesome! It's about time they get spanked for the crap they do to people. Ya know the sad thing about this is most people will pay. Sometimes we just hit hard times and need a break but nooooo they use that as a time for add ridiculous fess and penalties. Good for this man and hope he gets all the money he was awarded.
Thanks again,
Azstac
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Fantastic! We need to see more of these abuses stopped.All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......Comment
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Love it. I can't believe the way they were talking to him that is just insane. Makes you wonder exactly what kind of people are Debt Collectors.
My boyfriends screwed up cousin (who I haven't met) was one a few years back in between being out of prison and going back to prison. Kinda scarey to think felons having access to your personal information.Comment
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Just searching the internet now I couldn't believe how some Debt Collection agencies are run by convicted felons. One was just busted last year was run by a drug dealer that used money from drug dealing to buy debts. Here's a couple of links to articles. Really scary to know these are the types that get into this field.
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Excellent, but I wonder how many cases like these wind up paying the plaintiff $1.5 million. I suppose the call center could ignore the jury award and wait for judgment. The defendant might have to get his/her own collection agency to collect the debt. I'll wait until I see the evidence that the plaintiff and his/her attorney in such cases actually collected $1.5 million before I cheer too loudly. I don't mean to play the devil's advocate, but I hear many stories such as these, but I never hear any followup stories such as, "The Plaintiff actually received the amount the jury awarded."Comment
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Exactly, the risk is so low of a lawsuit, that this is standard operating procedure. Debt Relief USA out of Texas filed BK after being sued by the Texas Attorney General.Originally posted by treehugger1 View PostComment
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Not really. To me, it's a matter of company policy and/or lack of supervision of employees. This is an owner/management problem, not a collector problem. Collectors will do what they are trained to do.Originally posted by Jackdog View PostAll information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event.......Comment
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Or what they see they co-workers get by with. If the supervisor isn't enforcing the rules and the law (regardless of who runs the company), then it won't be long before people slide into a "well if they can get by with it..." state of mind.Originally posted by frogger View PostComment
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The problem is success rate.
The fact is, the "strong arm tactics" work (that is why the FDCPA was enacted). So, from a collector standpoint, it is a tightrope that they walk. Most junk debt buyers do violate the law, but it is a matter of degree.
For example
Black (wrong) area: You could be arrested if you don't pay.
Grey area: You could face legal action or consequences if you don't pay.
For large companies like Asset Acceptance Capital, NCO Financial, etc., they play in the grey area because FDCPA suits and settlements are a cost of doing business. The agency mentioned by the OP is just out for a quick buck.
Until there is meaningful regulation, these issues will continue. I am not even sure what meaningful regulation would look like. Ultimately, you are dealing with a "human" based system. So long as it is person that is making the phone call, there is ALWAYS the potential for abuse.
Plus, it is so damn easy to buy junk debt. Asset Acceptance Capital is the 800 pound gorilla in the industry, they get first shot at just about any debt that is sold. The rest of the companies are picking up the scraps. With $100,000, I could go buy 10,000,000 to 50,000,000 worth of junk debt right now.
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