No one signs up for a credit card or takes out a car loan with the intention of defaulting. Unfortunately, financial setbacks happen due to job loss, illness, and other unforeseen circumstances.
If your account is sent to a collection agency, they may not be professional or ethical in their dealings with you, but you don’t have to tolerate abuse. Read on to learn more!
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act, or FDCPA, protects you from being harassed or deceived because you owe money. If a third-party collection agency imposes abuses like the following on you, they can be fined and even lose their license.
- Disregarding your request to stop contacting you
- Making embarrassing calls to your friends, family, and co-workers
- Inflating the debt with illegal fees
- Trying to collect from you during the 30-day dispute period
- Swearing at you
- Filing a collection lawsuit in a venue that’s too far away
Company Profile: LTD Acquisitions, LLC
If you are being called by LTD Acquisitions, LLC, below are additional details about the agency.
LTD Acquisitions, LLC is a debt collection agency in Houston, Texas. It opened in 2010, has fewer than 10 employees, and is managed by owner Timothy Feldman.
PACER website holdings include litigation records confirming that consumers who felt that they were being harassed by LTD Acquisitions, LLC filed FDCPA lawsuits to demand compensation.
Alleged Violations against LTD Acquisitions, LLC
According to PACER, on or around June 28, 2010, LTD Acquisitions, LLC filed a lawsuit against a Pennsylvania consumer to collect payment for a credit card debt. On August 10 the court decided in favor of the consumer, and the agency appealed the ruling, but did not succeed.
Two years later, on March 20, 2012 a representative of LTD Acquisitions, LLC contacted the consumer with a settlement offer, but the amount of the original debt was listed as being over $700 higher than before.
The last payment made on the account was in 2006, which also put it outside the statute of limitations.
Feeling harassed by LTD Acquisitions, LLC, the consumer sued the company for allegedly:
- Misrepresenting the legal status of the debt
- Using false, deceptive, and misleading means to collect a debt
- Using unfair and unconscionable means to collect a debt
- Trying to collect an amount not permitted by law
The matter was later dismissed.
Hire a Consumer Lawyer
The phone numbers for this collection agency is 1-713-414-2100 . Seeing it on your caller ID is confirmation that you are being called by LTD Acquisitions, LLC. If they try to collect an out-of-statute debt and add fees to make it even larger, don’t pay.
Hire a consumer lawyer and file a claim against LTD Acquisitions, LLC to get the compensation that you are entitled to under the FDCPA, which is $1,000 per violation plus your legal fees.
Case taken from PACER (pacer.gov). File number is Case 2:12-cv-05041-MAM from the United States District Court for the Eastern District of Pennsylvania.
*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 LTD Acquisitions, LLC, or any other third-party collection agency, you may not be entitled to any compensation.