Penn Credit is a debt collection agency that tries to persuade debtors to pay back their debts. This is quite legal, but sometimes individual debt collectors go beyond what they are allowed to do according to federal and state legislation.
They may continually harass a debtor by contacting them several times a day or even at night. They may also attempt to recover a debt that someone doesn’t actually have. The Fair Debt Collection Practices Act (FDCPA) was enacted back in 1978 to regulate the behavior of companies like Penn Credit.
Debt collectors are not allowed to harass debtors and they must cease making contact if they are asked to do so and must provide detailed evidence of a debt when it is requested.
Any violation of the FDCPA may allow you, as a debtor, to file a lawsuit with the help of a FDCPA attorney. A lawsuit can be filed at any time up to a year from the violation of the Act. Up to $1,000 in damages can be claimed plus legal fees.
Penn Credit – Company Profile
The Penn Credit Corporation is based in Harrisburg, Philadelphia. It has been accredited to the Better Business Bureau since 2017and has a BBB rating of B+. The BBB has received 178 complaints in the last 3 years, many of which are for constant calling as well as unverified debts.
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What Is a Debt Validation Letter? And Why Do You Need It?
A debt validation letter is a report that a debt collector is expected to send you that contains details of your debt. The report must contain the amount of debt owed, who the debt is owed to, the reason for the debt and any other details.
Some debt collectors try and obtain debts without providing this sort of necessary evidence. In some cases, people who do not have any kind of debt are intimidated into paying the debt collector because of the behavior of the debt collector.
It is best to send the debt collector a debt verification request before paying any debt installment. The debt collector then has 5 days to respond. If there is no response then you have their right to sue the debt collector as has been stated in the introduction to this article.
Talk to an Attorney Today
If you believe that the debt collection agency that has been harassing you has violated the FDCPA because they have not provided evidence of your debt or have been continually contacting you in anti-social hours, you should talk to a consumer law attorney about the possibility of filing a lawsuit against the agency.
Theoretically, you have a year to do this, but in the circumstances you should act as soon as possible. An FDCPA attorney can provide valuable legal advice and help with preparing a lawsuit on your behalf.
Use the Free Case Evaluation form below to be connected with a consumer law attorney who will help you with your case.
Additional Resources
*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 Penn Credit, or any other third-party collection agency, you may not be entitled to compensation.