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 Falling Short

On August 14, 2012, in Debt collection defense, by Robbie L. Vaughn, Esq.

Debt Collectors Falling Short

Debt Collectors Falling Short

Debt collectors are third parties that buy debts from lenders. More specifically, debt collectors buy the right to sue for a debt. The problem is, they don’t always have all the evidence they need to actually win the lawsuit.

If you are being sued by a debt collector, or have other legal questions, feel free to call the Law Firm of Vaughn, Weber & Prakope, PLLC at 516-858-2620 to schedule a free consultation.

 

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