Debt can overcome you when you least expect it. For example, COVID-19 left thousands, if not millions, of people, unable to stay afloat financially. Once you go into arrears, however, debt collectors will start calling, and not all of them will treat you civilly.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) prevents debt collectors from abusing consumers by threatening them, tricking them into paying, or shaming them publicly. Actions like those outlined below can result in fines and even license revocation.
- Calling you outside the hours of 8:00 a.m to 9:00 p.m.
- Posing as law enforcement
- Failing to send a debt validation letter
- Claiming that you can go to prison for not paying a debt
- Harassing you over a debt you never incurred
- Leaving voice messages that do not identify them as debt collectors
Alleged Violations against Wealthbridge Mortgage Corp**
According to PACER, on or around July 25, 2010, Wealthbridge Mortgage Corp executed an agreement with a New Jersey consumer regarding a mortgage loan repayment. The agreement required her to make 11 payments of $1,678.48, but when the loan servicer changed to another company, she was shocked to receive a permanent loan modification that was completely different from what Wealthbridge Mortgage Corp had allegedly agreed to.
Feeling harassed by Wealthbridge Mortgage Corp, she contacted a consumer lawyer before suing the organization for using deceptive and unfair means to collect a debt.
The matter was later dismissed.
Hire a Consumer Lawyer
The phone number for this debt collection agency is 1-503-597-7400. If it appears on your caller ID at any time, it means that you are likely being called by Wealthbridge Mortgage Corp is on the line. If they offer you one debt settlement agreement only to pass a completely different one to its successor, hire a consumer lawyer and file a claim against Wealthbridge Mortgage Corp. The court could award you $1,000 per FDCPA violation, so acting on your rights can result in high compensation.
**Case taken from PACER (pacer.gov). File number is Case 2:13-cv-07062-JLL-JAD from the United States District Court for the District of New Jersey.
*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 Wealthbridge Mortgage Corp or any other third-party collection agency, you may not be entitled to any compensation.