Are you being called by Executive Financial Company?* Here's what you need to know.
Sometimes it seems as if the bills will never stop coming. When company layoffs or illness result in unexpected job loss, the situation can get out of control and leave us snowed over by debt we can’t hope to repay. If we can’t make minimum payments on each obligation, sooner or later debt collectors will start calling.
Your Rights Under the FDCPA
Although the Fair Debt Collection Practices Act requires collection agencies to treat you with respect, thousands of consumers complain to the Federal Trade Commission every year because too many debt collectors use abusive tactics like the following:
- Using profane and abusive language
- Threatening to have you arrested, seize your property or garnish your wages
- Maliciously reporting inaccurate information to the credit bureaus
- Demanding outrageous amounts that exceed the amount of the original debt
- Pretending to be police officers or federal agents to frighten debtors into paying
- Calling you outside of the hours of 8:00 a.m. to 9:00 p.m. in your time zone
Company Profile: Executive Financial Company
If you are being called by Executive Financial Company, information about the company is below.
Executive Financial Company is a debt collection agency located in Swartz Creek, Michigan. It was established in 1991, has approximately 16 employees, and is managed by its President, Michael Niles. Records retained by the PACER (Public Access to Court Electronic Records) website indicate that consumers who believed they were being harassed by Executive Financial Company confronted the firm in court.
Alleged Violations against Executive Financial Company
According to PACER, on or around March 20, 2014 Executive Financial Company contacted ab Illinois resident to collect a debt, During this conversation, he advised that he was filing bankruptcy and provided his attorney’s contact information. Despite having notice, Executive Financial Company allegedly called him directly at least one more time.
Feeling harassed by Executive Financial Company, he hired a consumer attorney and sued the company for allegedly violating the FDCPA in the following ways:
- Communicating with him after having notice that he was represented by an attorney
- Misrepresenting the character, amount, and/or legal status of the debt
- Using false representations and/or deceptive means to collect, or attempt to collect, the debt.
- Using unfair and unconscionable means to collect a debt
The matter was later dismissed.
Hire an Attorney
The phone number for this collection agency is 1-800-223-2269. If it appears on your caller ID, it means that you are being called by Executive Financial Company. If they contact you directly after you retain a bankruptcy attorney, hire a consumer attorney. If you file a claim against Executive Financial Company and win, you could potentially be awarded $1,000 per violation as well as attorney's fees, court costs, and any actual damages. Even though collecting debts is legal, it must in done in accordance with the law, and agencies that fail to do so face consequences.
*Case taken from PACER (www.pacer.gov). File number is Case: 1:14-cv-03330 from the United States District Court for the Northern District of Illinois, Eastern 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 Executive Financial Company, or any other third-party collection agency, you may not be entitled to any compensation.