Is National Financial Systems Inc. calling you? There are some things you may want to know.*
In today’s tougher economic climate, financial troubles can strike suddenly and have a devastating effect. Companies fold unexpectedly, throwing people out of a job at the worst possible time.
People without health insurance become injured in accidents and unable to work. It all results in diminished income that can send your credit card accounts, student loan payments, and mortgage remittances into arrears.
Once a certain number of payments have been missed, your creditors will likely turn arrears and outstanding balance over to third-party debt collectors to retrieve.
No one welcomes the prospect of dealing with a debt collector, and if the company pursuing your account is rude, intrusive, and unethical, the situation can be unbearable.
Before contemplating a drastic solution like personal bankruptcy, talk to a consumer attorney and consider taking action against the agency.
The Fair Debt Collection Practices Act, or FDCPA, prohibits actions like the following during a debt collection attempt.
- Calling you before 8:00 a.m. and after 9:00 p.m. in your time zone
- Calling you at work when your employer does not allow such calls
- Discussing your debt with your friends, neighbors, and co-workers
- Swearing, shouting at you, and calling you names like deadbeat or loser
- Telling you that you will be arrested, have your wages garnished, or lose your house if you don’t pay
- Trying to collect an amount that is not authorized by law or the original creditor agreement
Alleged Violations against National Financial Systems Inc.*
Many debt collectors, however, don’t regard the FDCPA as a deterrent when it comes to getting your money.
National Financial Systems Inc. is a collection agency located in West Palm Beach, Florida. It was established in 1974 as Preferred Collection Systems and later changed its name to National Financial Systems, Inc. in 1983.
Records archived at the PACER (Public Access to Court Electronic Records) website indicate that the company has been frequently accused of violating the FDCPA during attempts at consumer debt collection.
On or around October 9, 2007, a National Financial Systems Inc. representative allegedly called a Wisconsin resident about a debt they had been assigned to collect.
They allegedly stated that the company would garnish her wages if she did not pay by October 11, 2007, although at the time of the call, no judgment had been obtained against her.
Frightened and upset, the plaintiff hired a consumer attorney and filed a complaint against National Financial Systems Inc.for allegedly violating the FDCPA in the following ways:
- Threatening to get a judgement against her to frighten her into paying
- Misrepresenting the character, amount, or legal status of the debt
- Using unfair and unconscionable means to collect a debt
The matter was later dismissed.
The phone number is National Financial Systems Inc. is 1-561-689-9015. If you see it on your caller ID, it means that a debt collector may be trying to contact you.
If they threaten to garnish your wages without first obtaining a judgment against you, consult a consumer attorney right away. Such hostile ruses are illegal under the FDCPA, and if you sue National Financial Systems Inc. with your attorney’s help, you could win $1,000 per violation as well as attorney's fees, court costs, and any actual damages.
*Case taken from PACER (www.pacer.gov). File number is 2:08-cv-00034-RTR, from United States District Court, Eastern District of Wisconsin, Milwaukee Division.
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 National Financial Systems Inc. or any other third-party collection agency, you may not be entitled to any compensation.