Debts are sometimes unavoidable and it can be hard to keep to a debt repayment schedule. Creditors often employ debt collection agencies like Affiliate Asset Solutions LLC to chase up debtors. While this is normally perfectly legal, there are conditions attached to what debt collectors can and cannot do. For example, the Federal Debt Collection Practices Act (FDCPA) prohibits debt collectors from harassing debtors and must provide proof that a debt actually exists on request. Any violation of the FDCPA may mean you can take legal action against them. A FDCPA attorney can help you file a lawsuit against a debt collector.
What Is a Debt Validation Letter? And Why Do You Need It?
Debt collectors don’t always get their facts correct. You may be asked to pay a debt that you do not owe or have already repaid or is for an amount that is incorrect. The FDCPA is designed to ensure you cannot be harassed or asked to repay a debt without confirmation in writing that the debt is genuine. If you have been contacted by a debt collector, you should request that they send you a dent validation letter setting out how much they think you owe, who you owe it to, what the debt is for and when it was due. The agency is required to respond within 5 days of receipt of your request for confirmation of your debt.
Failure to do so is a violation of the FDCPA in which case you are entitled to take legal action against them.
Damages You May Be Entitled To
You can file for damages against Affiliate Asset Solutions Inc. if they have violated the FDCPA, e.g. not provided you with a debt validation letter despite you having requested one. As long as you can prove that a violation has occurred you may be entitled to a maximum of $1,000 in statutory damages plus other amounts depending on your situation.
If you have taken time off work due to stress or physical harm caused by the debt collector’s actions, you can claim compensation for lost wages. Other damages include physical and emotional damages, attorney’s fees and legal expenses.
Talk to an Attorney Today
If you are under pressure or harassment from a debt collection agency you should contact an experienced FDCPA attorney about the legal action you could take. Debt collectors may attempt to take advantage of your ignorance of your own rights and continue to harass you even though this is in clear violation of federal law. An attorney can assess your situation and advise you whether you are entitled to taking legal action. You are more likely to succeed with litigation if you use an attorney to represent you. Fill in a Free Evaluation Form below to get in contact with a FDCPA attorney in your area.
- Did A Collection Agency Make False Statements Regarding Your Debt?
- Are You Being Called By Affiliate Asset Solutions, LLC?
*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 Affiliate Asset Solutions LLC, or any other third-party collection agency, you may not be entitled to compensation.