The collection industry is a huge one, with literally billions of dollars being collected each year. If you are targeted by a debt collector, you may be faced with harassing calls, letters, and threats, all designed to make you pay more quickly.
Such conduct is illegal, so if it happens to you, act on your rights and fight back.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act, or FDCPA, was passed in 1977 to protect consumers from being bullied and threatened into bankruptcy. Any collection agency that subjects you to this type of mistreatment can be penalized by the Federal Trade Commission and even lose its license.
- Using foul language
- Telling you that you can be arrested for not paying your debts
- Chasing you to pay a debt that is barred by statute
- Contacting your friends, family and co-workers and discussing the debt with them
- Leaving vague messages that do not identify them as debt collector
- Calling you names and belittling you
Company Profile: Cypress Financial Recoveries, LLC
If you are being called by Cypress Financial Recoveries, LLC, a general overview of this collection agency is below.
Cypress Financial Recoveries, LLC is a debt collection agency located in Dumont, New Jersey. It was established in 2005, has 20 employees, and is managed by Charles Parrino. According to the company website, it purchases and collects nonperforming credit card debt.
Legal files at the PACER website confirm that people who believed they were being harassed by Cypress Financial Recoveries, LLC chose to fight instead of pay.
Alleged Violations against Cypress Financial Recoveries, LLC
According to PACER, on or around June 28, 2013, Cypress Financial Recoveries, LLC filed a lawsuit against a Michigan consumer to collect a credit card debt.
The claim included an affidavit from the company owner claiming that certain financial details were true, but allegedly no evidence that he had ever examined the records.
Feeling harassed by Cypress Financial Recoveries, LLC, the consumer retained legal counsel and sued the agency for allegedly violating her rights by:
- Misrepresenting the character, amount, or legal status of the debt
- Using false, deceptive, and misleading means to collect a debt
- Using unfair and unconscionable means to collect a debt
The matter was later settled.
Hire a Consumer Lawyer
The phone numbers for this collection agency are:
If you see them on your caller ID, it’s a sign that Cypress Financial Recoveries, LLC is trying to contact you. If they file lawsuits based on information that appears to be inaccurate, don’t tolerate the deception.
Hire a consumer attorney and file a claim against Cypress Financial Recoveries, LLC. Any debt collector that violates the FDCPA can be fined and ordered to compensate you, so stand your ground and act on your rights.
Case taken from PACER (pacer.gov). File number is Case 4:13-cv-15192-LVP-DRG from the United States District Court for the Eastern District of Michigan, Detroit Office.
*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 Cypress Financial Recoveries, LLC, or any other third-party collection agency, you may not be entitled to any compensation.