71,000 Complaints to the FTC about Creditor Harassment Last Year; up 500% from 2004!
According to the AP report, almost 39 percent of Federal Trade Commission complaints cited demands to pay debts that weren’t owed or payments that were more than legally allowed.
As more and more people get behind on their debts, the likelihood that they will experience creditor abuse will increase. If you are one of Credit Alliance Groups clients with a DAAN Phone Module who are on the receiving end of this abuse, be sure to contact let us know so that we can have the DAAN Group refer you to an attorney in your area proficient in this area of law for possible legal action against the creditor.
Last year almost 71,000 complaints about creditor harassment were filed with the Federal Trade Commission. That is twice the number that filed in 2003. But that’s not all. Over 14,000 complaints were reported to the Better Business Bureau, and thousands more were filed around the country with state and city officials.
Consumers have rights that they may not be aware of. The Fair Debt Collection Practices Act was created to protect and inform consumers of their rights.
Fair Debt Collection Practices Act
Take a moment and find out if you’re being subjected to harassment that is undeserved.
Wisdom is knowing what to do next; virtue is doing it. David Starr Jordan
If you find yourself in need of help taking care of your debts give CreditAllianceGroup a call for a free consultation with a Sr. Credit Specialist today.
71000 Complaints to the FTC about Creditor Harassment Last Year up 500 from 2004 - To learn more about this author, visit Eric Pinola's Website.
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
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