If you have fallen behind on meeting your personal debt obligations, you understand the pressure of dealing with a financial crisis has negatively impacted your personal life, as well as how well you perform on the job.
Making the situation worse, a debt collection agency such as Waypoint Resource Group, LLC has started harassing you by making repeated phone calls throughout the day. You cannot even get through a workday, without a representative from the third party debt collector calling you at work.
You need a remedy for the harassment, and you need it fast. Fortunately, a federal consumer protection law passed by the United States Congress on September 20, 1977 prohibits third party debt collectors from harassing consumers by making frequent phone calls at work and on personal cell phone lines.
Referred to as the most important federal consumer protection law, the Fair Debt Collection Practices Act (FDCPA) also requires bill collectors to confirm the existence of outstanding consumer debts by sending out a debt validation letter.
How Does a Debt Validation Letter Help You?
Before you send any money to Waypoint Resource Group, LLC, you want to make sure that you are legally obligated to pay the company for a delinquent credit card or personal loan account.
When you pay for groceries, you take a look at the receipt to make sure you were not overcharged or charged for items that you did not intend to buy. The same savvy shopping principle applies to outstanding consumer debts.
You should receive a debt validation letter from a debt collection agency that clearly shows you are responsible for paying off a consumer debt. Under the FDCPA, a third party debt collector like Waypoint Resource Group, LLC has five days after initially contacting you to send a debt validation letter.
The letter should contain the total amount of money you allegedly owe, as well as the payment history on the credit account in question. You should also receive the name and contact information for the original creditor.
Knowing the company that extended you credit is vitally important, as it can bolster the claim made by the third party debt collector. Make sure to contact the original creditor to confirm the existence of the debt in question.
Can You File a Claim for Monetary Damages?
The FDCPA does much more than simply outlaw dozens of previously acceptable debt collection tactics. It also gives consumers the right to seek monetary damages for one or more violations of the landmark federal consumer protection law.
Statutory damages, which cannot exceed $1,000, cover every violation of the FDCPA committed by the same bill collector. All you have to do is prove a company such as Waypoint Resource Group, LLC violated the FDCPA.
Actual damages pay for the costs of the pain and suffering triggered by physical and/or emotional distress symptoms. The FDCPA does not limit the amount of money awarded for actual damages.
Speak to an FDCPA Attorney
Fighting back against an unlawful debt collection agency means working with a state licensed consumer protection lawyer. Your attorney will decide whether there is enough evidence to pursue a claim in a civil court. Schedule a free initial consultation with an FDCPA lawyer to determine the best course of legal action.
*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 Waypoint Resource Group, LLC, or any other third-party collection agency, you may not be entitled to compensation.