If for some reason you couldn’t find the funds to pay all your monthly bills or you have had the misfortunate to be wrongly accused of owing money you are covered from being harassed by provisions in the 1978 Fair Debt Collection Practices Act (FDCPA).
The act prevents third-party debt collectors from using force or harassing consumers and their families into repaying the debt.
Unfortunately, many debt collectors ignore the FDCPA and pursue debtors repeatedly in the hope they will pay up. If you have found that a debt collector from Monarch Recovery Management, Inc. has been calling you over and over again, you may find you are eligible to file an FDCPA lawsuit against the agency.
Monarch Recovery Management, Inc. – Company Profile
Monarch Recovery Management, Inc. is collection agency which has its headquarters in Philadelphia, Pennsylvania. It opened its doors in 1973 and today employs between 200 and 500 employees.
Records that are kept by PACER (Public Access to Court Electronic Records) indicate that consumers who believed they were being routinely harassed by a debt collector employed by Monarch Recovery Management, Inc. decided to file lawsuits against the business to get compensation for the way they have been treated.
What Is a Debt Validation Letter? And Why Do You Need It?
Sometimes, debt collectors use abusive and invasive tactics to try and persuade debtors to pay their debts like calling them up day and night and even knocking on their doors repeatedly during antisocial hours.
Sometimes debtors feeling afraid so pay up to avoid any more harassment whether they believe they owe the money or not.
You are legally entitled to ask the debt collector to forward a debt validation letter to you confirming that it is your debt. If you think the debt is not yours you can act by sending a debt verification letter asking for more details about the debt.
The FDCPA requires that debt collectors send a debt validation notice in writing which includes the details about the debt. The debt collector is given 5 days from receipt of your debt verification letter to dispatch the debt validation letter.
If Monarch Recovery Management, fails to send you a debt validation letter, it is violating the FDCPA and you may then be able to file a lawsuit against the company to seek damages for the way you have been treated.
Talk to an Attorney Today
If Monarch Recovery Management, Inc. Collection Agency failed to validate your debt, you should talk to an FDCPA attorney who specializes in cases of debt collector harassment and infringements.
The attorney will look at your evidence and explain your rights and what action you should take to stop Monarch Recovery Management, Inc. Collection Agency from harassing you. Fill out our Free Case Evaluation so that you can be connected to an FDCPA attorney who handles consumer law cases in your state.
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. Collection Agency, or any other third-party collection agency, you may not be entitled to compensation.