FTC has asked the foul debt collection agencies to stop business

Federal Trade Commission (FTC) has filed lawsuits against nearly 30 collection agencies across the nation. FTC has been forced to take legal action against the collectors creating unnecessary financial distress upon the cash-strapped consumers. It is reported that FTC has registered a legal complaint against a California based debt collection agency in October 2011. This particular collection agency has given false threats to the consumers and thereby broken the FDCPA laws.

FTC has ordered the offensive collectors to stop business
FTC has registered a case against a California based debt collection agency for violating the FDCPA laws. The district court has ordered the collection agency to cease their business at the special request of the FTC.

The FTC officials claim that the collection agency has broken the FDCPA laws deliberately. They have given empty threats to the consumers. The collectors have threatened to take the consumers to court if the debts were not paid. Moreover, they told that the consumers would be put into the jail if the bills remained unpaid. The surprising fact is most of these consumers didn’t owe a penny to the collection agency.

The collectors have violated several laws of the FDCPA Act. They have asked the consumers to pay several fees that don’t exist in the country. The collectors have even represented themselves as attorneys working at the courts to scare the consumers. Read more....