Stop Collections

Did Regional Finance Not Validate Your Debt?

For decades leading up to 1977, many debt collection agencies resorted to deceitful debt collection tactics to trick consumers into paying off outstanding credit card and personal loan accounts.

In response to growing consumer discontent, the United States Congress passed the historic Fair Debt Collection Practices Act (FDCPA). The monumental federal consumer protection law outlaws dozens of previously acceptable debt collection practices.

Under the FDCPA, a third party debt collector such as Regional Finance cannot threaten you in any way. A bill collector is not allowed to threaten you with a lawsuit, nor can it threaten to seize your property to liquidate it into cash.

The FDCPA also requires bill collectors to send consumers a debt validation letter that clearly proves the legal obligation a consumer has to take care of a delinquent personal debt.

What a Debt Validation Should Tell You

The United States Congress did not just write a provision that forces debt collection agencies to send debt validation letters. According to a provision written into the FDCPA, a third party debt collector has five days after first contacting you to send a debt validation letter.

If you have not received a debt validation letter within 10 days of initially hearing from a bill collector, you should send the company a reminder notice about its legal responsibility to furnish proof that you owe money on a consumer debt.

A debt validation letter should include several pieces of information that helps you decide whether you are on the legal hook for an outstanding credit card or personal loan balance. You should learn how much is owed on a consumer debt, as well as find the name and contact information for the original creditor.

Debt collection agencies either purchase delinquent debts for a fraction of what was originally owed, or they receive a commission for tracking down consumers that have fallen behind on their monthly bills. Knowing the name and contact information for the original creditor represents the most convincing piece of information put into a debt validation letter.

Did Regional Finance Not Validate Your Debt?Filing a Claim for Monetary Damages

Without penalties handed out for FDCPA violations, most third party debt collectors would ignore the provisions written into the landmark federal consumer protection. As the most impactful penalty, a monetary award for an FDCPA case comes in two forms.

First, you have the right to sue for statutory damages, which is a one-time penalty that cannot exceed $1,000. Statutory damages cover every violation of the FDCPA committed by the same bill collector.

You also have the right to seek actual damages to cover the costs associated with suffering from physical and/or emotional duress symptoms. Physical distress symptoms can include skin rashes and/or a rapid increase in your blood pressure.

You will need to submit evidence of your physical distress symptoms, which you can acquire by working with a state licensed FDCPA lawyer.

Consult with an Experienced Consumer Protection Attorney

A seasoned FDCPA lawyer will know exactly how to collect the evidence you need to convince a judge to award you just compensation for suffering from physical duress symptoms. Your attorney will interview medical experts, as well as present documentation that verifies the diagnosis of your condition. Schedule a free initial consultation today with a highly rated FDCPA attorney.

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 Regional Finance, or any other third-party collection agency, you may not be entitled to compensation.

How Should I Start a Claim against Regional Finance?

Debtors who are facing collections cases find themselves dealing with anything but professional debt collectors on a daily basis. These calls can be persistent. In fact, many times, these individuals can be harassing to the point of becoming threatening.

If one of those companies is Regional Finance, it is important that the debtor understands his or her rights.

The Fair Debt Collection Practices Act

Debtors are protected under the Fair Debt Collections Practices Act (FDCPA). The FDCPA protects debtors from practices that are unfair and unethical by third-party debt collectors. The FDCPA is actually part of a larger law, the Consumer Credit Protection Act, which was enacted in 1977.

The FDCPA provides rules that third-party debt collectors, like Regional Finance, must follow when collecting on a consumer debt. If the third-party debt collector is found to have violated one of these rules, the debtor can seek legal recourse.

About Regional Finance

Regional Finance is a third-party debt collector headquartered in Greenville, South Carolina. The company is one of the larger collectors out here with over 300 offices in the following states: Texas, Georgia, Tennessee, Oklahoma, New Mexico, Alabama, South Carolina and North Carolina.

The company serves residents of these states, as well as those who border any of these states. Regional Finance has been accused of FDCPA violations, including harassing and disrespecting customers, showing up at the debtor’s work sites, forcing borrowers to pay full interest if the loan is paid off early, and refusing partial payments collected.

How Should I Start a Claim against Regional Finance?*

Determining If a Claim Exists

Before going any further, the debtor first must determine if an FDCPA claim exists. Has Regional Finance committed any of the “forbidden” behaviors under the FDCPA?

  • Has Regional Finance has contacted the debtor at “odd hours,” which normally means any time before 8 a.m. or after 9 p.m.?
  • Has Regional Finance made threats to the debtor or used threatening language when speaking with the debtor about the debt in question?
  • Has Regional Finance threatened to sue the debtor when they have no intention of pursuing a legal claim?
  • Has an employee of Regional Finance made threats to garnish the debtor’s wages when they have no legal right to do so?
  • Has Regional Finance contacted the debtor at his or her place of employment after being told not to previously?
  • Has Regional Finance contacted a third-party, other than the debtor, in an effort to seek information on the debt or disclosing information about the debtor?
  • Has someone associated with Regional Finance made threats to file criminal charges against the debtor because of the debt?

If this behavior has occurred to the debtor by someone associated with Regional Finance, he or she may have a valid FDCPA claim to be filed in state court.

What Damages Are Available?

In an FDCPA case, the debtor can receive statutory damages in the amount of no more than $1,000. In addition to this amount, he or she can seek actual damages for physical or emotional distress caused from the harassing behavior.

If the harassment caused the debtor to lose time at work, the actual damages can include lost wages. In addition to these awards, the debtor can receive attorneys’ fees for having to file the claim.

Speaking with an Attorney

It is always recommended that a debtor speak with an attorney before pursuing an FDCPA case. One reason for this is the cost of failure can be costly. If the client fails at the case, he or she risks having to pay for Regional Finance’s legal fees.

A general rule of thumb is it should almost always be assumed that the other side will come to court with legal representation. It benefits the debtor to have a legal professional on his or her side, as well, to even the playing field.

Additional Resources

*Disclaimer: The content of this article is for information purposes only. It should not be used construed as legal advice. If you choose to file a claim against Regional Finance or any other third-party collection agency, your claim may not be successful, and you may not be entitled to any compensation for your alleged injuries.

Is Regional Finance Collecting a Debt from You*

Getting out of debt can be a long, hard road, and debt collectors don’t make it any easier on you. Luckily, the Federal Trade Commission enacted the Fair Debt Collection Practices Act (FDCPA) to protect consumers from unfair treatment, deception, and harassment from debt collection companies and their legal representation.

Regional Finance is a personal loan corporation in the South. They help consumers who have poor credit scores get a loan. They also and send mailers to your home with pre approved, high-interest loans.

The company is headquartered in Greenville, South Carolina, with over 300 offices throughout New Mexico, Texas, Oklahoma, Tennessee, Georgia, Alabama, North Carolina, and South Carolina. They only serve residents of these states and those who live close to the border of any of these states.

What to Do if Regional Finance is Trying to Collect a Debt from You

Unless you agree, per the FDCPA, Regional is not allowed to contact you at work or at other inconvenient times, such as early morning or late at night. If you don’t want any contact from them at all, you do have the right to request it. You need to submit a request in writing and mail it to them. If you pay for a return receipt, you will know as soon they get it, so you can track anytime they call you afterwards.

After submitting your request for no contact, they are allowed to contact you up to two more times either to tell you they won’t call you again or to move forward with a specific action. This could be when they summon you to court.

Don’t ever ignore court summons from a debt collector. If you don’t show up, the judge will be forced default the case. If this happens, the judge could order your wages to be garnished, your back account to be frozen. A judge can also allow Regional to take they money they are owed directly from your bank account.

You should contact a lawyer as soon as possible to determine if Regional Finance has committed a violation under the FDCPA. You could be entitled to $1,000 per violation plus damages and lawyers’ fees. A FDCPA attorney can determine how much you deserve and represent you if you need to go to court.

Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Regional Finance, or any other third-party collection agency, you may not be entitled to any compensation.