After a business meeting at work, you head back to your office to reflect on the good news relayed during the meeting. Good news quickly transforms into bad news when a colleague slips you a note that lets you know a debt collection agency wants you to take care of a delinquent debt. Slumped in your chair, you wonder how to deal with a third party debt collectors that has contacted a third party regarding your debt.
Bill collectors such as Sequium Asset Solutions, Inc. have easy access to contact information for your closest friends. All it takes is a Google search of your name, then the downloading of an online directory to learn about the closest people in your life.
Online directories present contact information about your friends, neighbors, and relatives that include addresses and phone numbers. Did Sequium Asset Solutions, Inc. contact a third party regarding your debt and if the answer is yes, what should you do about it?
Discussing a Dent with a Third Party is Illegal
For decades leading up to 1977, debt collection agencies used harassment and intimidation to coerce consumers into paying off outstanding credit card and personal loan accounts. In response to public pressure, the United States Congress enacted the Fair Debt Collection Practices Act (FDCPA).
The FDCPA outlaws the previously legal practice of third party debt collectors threatening to sue consumers, as well as using abusive language in both oral and written forms. According to the FDCPA, it is also unlawful for Sequium Asset Solutions, Inc. to discuss your debt with a third party.
Many consumers believe the third party provision of the FDCPA prohibits any contact made between a consumer and a bill collector. However, the federal consumer protection law specifically makes it illegal for Sequium Asset Solutions, Inc. to discuss your debt with a friend, a neighbor, a family member, or a professional colleague. Discussing your debt can include demanding payment on the delinquent debt obligation or a vague reference to increasing the interest rate on the monthly payments.
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What You Should Do to Fight Back against Sequium Asset Solutions, Inc.
A debt collection agency like Sequium Asset Solutions, Inc. will not stop harassing you, unless you take legal measures to end the harassment. The first order of legal business is to reach out to a licensed consumer protection lawyer who specializes in litigating FDCPA cases.
Your FDCPA attorney will have several options to stop Sequium Asset Solutions, Inc. from contacting a third party regarding your debt.
One option involves filing a claim seeking statutory damages for all violations of the FDCPA. Under the FDCPA, statutory damages are capped at $1,000. Your consumer protection lawyer can also request the third party debt collector cover the cost of attorney fees, as well as ask the court to provide injunctive relief that demands the end to all intimidating debt collection practices.
Contact an FDCPA Lawyer Today
Do not allow a bill collector to harass you into paying off an outstanding credit card or personal loan balance. Schedule a free initial consultation with an FDCPA attorney to learn more about the rights granted by federal consumer protection law.
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*Disclaimer: The content of this article serves only to provide information and should not be construed as legal advice. If you file a claim against Sequium Asset Solutions, Inc. or any other third-party collection agency, you may not be entitled to compensation.