Debt Collectors Charge A Borrower $2.95 in Interest, Lose Fair Debt Collection Case

On September 26, 2012, in Debt settlement, Litigation, by Jason Mays, Esq.

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.

Tagged with: • • • • • •
 

Comments are closed.



Go To Top »
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. This website is Attorney Advertising. It does not form an attorney-client relationship. We are a debt relief agency and a law firm that helps people file for bankruptcy relief under the U.S. Bankruptcy Code – Title 11. Prior results do not guarantee a similar outcome. Proudly assisting residents of Long Island, Nassau county, Suffolk county, New York City, Queens, Brooklyn, Bronx, Staten Island, Manhattan