Many people today live paycheck to paycheck because the cost of living has gone up while wages have not followed suit. If you lose your job and don’t find another one soon, your credit card accounts, mortgage, and other debts could go into arrears and debt collectors will start calling.
If this happens, it is important to know what your rights are in this situation.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act, or FDCPA, is a federal law that contains strict rules for debt collector professional conduct. If a collection agency uses aggressive and unethical collection methods like those below, they have broken the law and you can take action to protect yourself.
- Calling you at all hours of the day and night
- Subjecting you to rude and profane language
- Ignoring your written cease communications notice
- Pretending to be the sheriff or other law enforcement figure
- Implying that court action is imminent when this is not the case
- Refusing to prove that they are authorized to collect the debt
Company Profile: Teri Loan Holdings, LLC
If you are being called by Teri Loan Holdings, LLC, additional details about the company are below:
Teri Loan Holdings, LLC is a loan provider and debt collection agency located in Boston, Massachusetts. It opened for business in 2011, has five employees, and is managed by Eric Danner.
An inspection of civil litigation records at the PACER website indicates that consumers who believed that they were being harassed by Teri Loan Holdings, LLC acted on their statutory right to sue.
Alleged Violations against Teri Loan Holdings, LLC
According to PACER, in or around June 17, 2014, Teri Loan Holdings, LLC filed a lawsuit against a California consumer to collect a student loan debt. He argued that his parents were the ones who took out the loan, and his father’s name was identical to his.
The last payment on the debt had been made in 1992, making it time-barred under California law.
Feeling harassed by Teri Loan Holdings, LLC, the consumer acted on his rights by suing the agency for allegedly:
- Using false, deceptive, and misleading means to collect a debt
- Misrepresenting the character, amount, or legal status of the debt
The matter was later dismissed.
Hire a Consumer Lawyer
The phone number for Teri Loan Holdings, LLC is 1-617-437-3430. Its appearance on your caller ID is confirmation that you are being called by Teri Loan Holdings, LLC about a student loan debt.
If they sue you to collect a debt that you never incurred and the debt is actually time-barred, hire a consumer lawyer and file a claim against Teri Loan Holdings, LLC. Collection agencies that disregard your rights could be ordered to pay you $1,000 per FDCPA violation, so act on your rights and sue.
Case taken from PACER (pacer.gov). File number is Case 2:15-cv-01284-MCE-AC from the United States District Court for the Eastern District of California.
*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 Teri Loan Holdings, LLC, or any other third-party collection agency, you may not be entitled to any compensation.