Today, the average American household carries a revolving credit card balance of $15,000. If you lose your job or experience a financial crisis like divorce, making it impossible to pay off this debt, you may soon hear from debt collectors who are not always civil or respectful in their payment demands.
Your Rights Under the FDCPA
While collection agencies are allowed to contact you to discuss paying a debt, the Fair Debt Collection Practices Act (FDCPA) penalizes debt collectors that attempt to harass you into paying by:
- Talking about the debt to anyone except you, your spouse, or your attorney
- Reporting inaccurate information to the credit bureaus
- Chasing you for a time-barred debt
- Ignoring a cease communications notice
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Company Profile: Collins Asset Group, LLC
If Collins Asset Group, LLC is calling you, here is more information about the agency.
Collins Asset Group, LLC is a debt buyer and collection agency located in Austin, Texas. It was established in 1962, has 10 employees, and is managed by Michael Crossan. It has an F rating with the Better Business Bureau.
Legal records at the PACER website confirm that consumers who felt they were being harassed by Collins Asset Group, LLC made their own payment demands in court.
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Alleged Violations against Collins Asset Group, LLC
On or about May 22, 2018, Collins Asset Group, LLC sent a collection letter to an Indiana consumer. A legal aid attorney contacted the company on her behalf, saying she was represented by counsel and unable to pay the debt.
An attorney had also contacted the original creditor in the past, but when Collins Asset Group, LLC it allegedly did not heed this request.
Feeling harassed by Collins Asset Group, LLC, the consumer filed a lawsuit against the agency for allegedly violating her rights by approaching her directly although she had retained an attorney regarding the debt.
The matter was resolved on a later date.
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Hire a Consumer Lawyer
The phone numbers for Collins Asset Group, LLC are:
If you see them on your caller ID, it means that Collins Asset Group, LLC is calling, presumably to collect a debt from you. If they ignore the fact that you have hired a consumer lawyer regarding the debt, file a claim against Collins Asset Group, LLC.
A debt collector who ignores consumer rights can be ordered to compensate you and pay your legal costs, so taking them the court is the best way to protect your rights.
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Additional Resources
Case taken from PACER (pacer.gov). File number is 1:18-cv-00162-WCL-PRC from the United States District Court for the Northern District of Indiana, Fort Wayne Division.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Collins Asset Group, LLC or any other third-party collection agency, you may not be entitled to any compensation.