Two years ago, the Consumer Financial Protection Bureau reported that nearly one in four consumers felt threatened when collection agencies contacted them. They may not have been aware of their rights, which protect them from such treatment.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act, or FDCPA, was passed in 1977 to protect consumers from being bullied and manipulated by collection agencies. If you’re faced with a collection agency that does any of the following, you have legal remedies available to you.
- Threatening legal actions it had no intention of taking
- Claiming that you can go to jail for not paying a debt
- Demanding payment for a debt discharged in bankruptcy
- Calling you at work when they know that your boss doesn’t allow such calls
- Failing to report your dispute to the credit bureaus
- Contacting you directly when they know that you have an attorney
Company Profile: Regent Asset Management Solutions
If you are being called by Regent Asset Management Solutions, here is some more information about the company.
Regent Asset Management Solutions, which also does business as Imperial Recovery Management, is a debt collection agency in Denver, Colorado. It opened for business in 1999, is managed by its CEO, Michael Scata and has 70 employees. Archived documents at the PACER website confirm that consumers who believed that they were victims of harassing means used by Regent Asset Management Solutions went on the offensive and sued the agency.
Alleged Violations against Regent Asset Management Solutions**
According to information on the PACER website, in or around early 2009, Regent Asset Management Solutions started contacting a Colorado couple to collect a debt they allegedly did not owe. They claimed that collectors left voice messages that failed to disclose that the call is from a debt collector and never sent a debt validation letter after the original communication.
Feeling harassed by Regent Asset Management Solutions, the consumers sued the agency for:
- Not sending a debt validation letter
- Using harassing and abusive means to collect a debt
- Not identifying itself as a debt collector in all communications
- Misrepresenting the legal status of the debt
The matter was later dismissed.
Hire a Consumer Lawyer
The phone numbers for Regent Asset Management Solutions are:
When either number appears on your caller ID, it means that Regent Asset Management Solutions is on the line and trying to connect with you. If they chase you to pay a debt you don’t even owe and leave voice mails that don’t disclose the reason for the call, hire a consumer lawyer that may be able to help you file a claim against Regent Asset Management Solutions. You could be awarded $1,000 for each violation of the FDCPA, so take action.
**Case taken from PACER (pacer.gov). File number is Case 1:09-cv-01183-JLK-BNB from the United States District Court for the District of Colorado.
*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 Regent Asset Management Solutions or any other third-party collection agency, you may not be entitled to any compensation.