Monarch Recovery Management, Inc., is a collection agency based out of Philadelphia, Pennsylvania. The agency, established in 1971, collects a variety of debts, including those for debt buyers and property managers. Just like other collection agencies, they may harass the consumer while trying to collect a debt. They might also violate the FDCPA or harass you with robocalls.
How To Respond To A Lawsuit From Monarch Recovery Management, Inc.
Always maintain a file regarding any debt that you owe. Keep copies of statements and maintain proof of any payments that you make. Document calls from the collectors and keep all correspondence. If you don’t think you owe the debt they are collecting, ask for it to be validated. In that case, they must provide hard evidence to show you owe it.
Debt validation from Monarch Recovery Management, Inc., should include detailed documentation that shows when and how the debt originated, the amount you owe, and the payment history. If you do owe the debt, then negotiate a settlement. Usually, you can get by paying just half of what you owe. An FDCPA attorney will help you fight the legal action that is filed against you by Monarch Recovery Management, Inc.
Damages You Could Receive From Monarch Recovery Management, Inc.
Collection agencies such as Monarch Recovery Management, Inc., sometimes violates the FDCPA and harasses clients during the collections process. If you have been harassed by Monarch Recovery Management, Inc., you may suffer damages. You can file a claim to recoup compensation for the damages they caused you. If the FDCPA was violated, you can also file a complaint with the proper agency. Here are some damages commonly claimed.
- Emotional distress – You could suffer emotional distress because of the harassment and continuous calls. This could affect your work, your school, and your relationships.
- Lost wages – Your employment could be affected by your emotional and physical distress from the harassment of the debt collector. If you have lowered production that has caused less income, or if you have missed work and lost wages, you can ask for reimbursement.
- Recovery of wage garnishment – If your wages were garnished illegally by Monarch Recovery Management, Inc., you can ask to be reimbursed.
- Statutory damages – If Monarch Recovery Management, Inc., violated the FDCPA, but you don’t have grounds to claim other damages, you may be able to claim statutory damages of up to $1,000.
- Physical distress – Physical problems can result from the harassment. These physical issues could include stress-induced anxiety, migraines, hypertension, heart problems, stress headaches, and insomnia.
- Legal fees –You can ask that Monarch Recovery Management, Inc., responsible for any of the legal fees, court costs, and attorney’s fees you incur because of harassment.
- Injunctive relief – The court could tell Monarch Recovery Management, Inc., to cease and desist all collection activities barring them from contacting you.
Talk To An FDCPA Attorney Today
If you are being threatened with legal action from Monarch Recovery Management, Inc., you should retain the services of a lawyer who handles FDCPA matters. Ask for your free case review today!
*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 Monarch Recovery Management, Inc. or any other third-party collection agency, you may not be entitled to receive any compensation.