Serious debt can happen to anyone. Losing your job, becoming sick or disabled, and facing an unexpected crisis like divorce can all put you behind in your debt payments and bring you to the attention of a collection agency.
If you are being harassed, however, don’t tolerate it no matter how much you owe.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act, or FDCPA, is a consumer protection law that prohibits debt collectors from engaging in unethical and abusive debt collection activity. Examples of illegal collection practices include:
- Failing to identify themselves during each communication as a debt collector
- Contacting you after you have sent a cease communications letter
- Sending you letters using letterhead designed to look like a law enforcement agency
- Using profane or obscene language
- Calling you at inconvenient times and places
Company Profile: Icon Equities, LLC
If you are being called by Icon Equities, LLC, an agency background is presented below.
Icon Equities, LLC is a debt collection agency located in Irvine, California. It opened for business in 2009, has nine employees, and is managed by Robert Knight. It was formed after the owners of GT Services, Inc. and Capstone Portfolio Management, Inc. merged.
The company appears to be a debt buyer that purchases delinquent consumer debts for pennies on the dollar, which it then seeks to collect through other debt collectors.
Litigation files at the PACER website confirm that consumers who believed they were being harassed by Icon Equities, LLC went to court to fight for their rights.
Alleged Violations against Icon Equities, LLC
According to PACER, in or around early 2011, a representative of Icon Equities, LLC started contacting an Illinois consumer about a credit card debt.
On October 13, 2011, one of her Legal Aid attorneys faxed the agency and directed it to cease all further collection activities because she was forced, by her financial circumstances, to refuse to pay her unsecured debt.
Despite receipt of this fax, the consumer received another demand letter dated November 14, 2011. Feeling harassed by Icon Equities, LLC, she filed an FDCPA lawsuit against the company for the followed illegal debt collection practices:
- Ignoring a cease communications fax
- Contacting her directly although she had an attorney
The matter was later dismissed.
Hire a Consumer Lawyer
The phone numbers for this collection agency are:
If they appear on your caller ID, it means that you are being called by Icon Equities, LLC about a debt that you are believed to owe. If they ignore a dispute communication and keep contacting you directly after you retain an attorney, hire a consumer lawyer and file a claim against Icon Equities, LLC.
You could be awarded $1,000 in statutory damages plus attorney fees and court costs, so when the collection gets abuse, take a stand.
Case taken from PACER (pacer.gov). File number is Case: 1:12-cv-00210 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 Icon Equities, LLC, or any other third-party collection agency, you may not be entitled to any compensation.