If you are behind on monthly payments, or if a creditor is accusing you of owing a debt that doesn’t belong to you, there are resources available. The Fair Debt Collection Practices Act (FDCPA) was enacted in 1978 to prevent third-party debt collectors from harassing consumers and their loved ones. However, not all debt collectors abide by the FDCPA and other collection laws. If you think Consumer Portfolio Services, Inc., has misrepresented themselves while collecting a debt, you may be eligible to pursue an FDCPA claim against them for their actions.
About Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc., is a specialty finance company that provides vehicle purchasers who have past credit problems, limited credit histories, or low income, with indirect automobile financing. Founded in 1991, the company buys out auto loan contracts in 48 states. The company is based in Irvine, California. The company has accredited by the Better Business Bureau since 2018. It has an A+ rating with the BBB. During the last three years, there have been 78 complaints filed against CPS, Inc., and they all have been resolved.
What Counts As Misrepresentation?
When you get a call from Consumer Portfolio Services, Inc., the must identify themselves and indicate that they are with CPS. They cannot misrepresent themselves, the status of your debt, the legal repercussions for failing to pay the debt, or misrepresent the statute of limitations for repayment of the debt. The CPS employee cannot falsify their identity or allege that they are a law enforcement officer or work for a government entity, such as the IRS. If Consumer Portfolio Services, Inc., and their employees misrepresent themselves, you can file an FDCPA claim to recover damages from the collection agency who violated the laws.
Damages That You May Be Entitled To Receive
If you are successful with your claim against Consumer Portfolio Services, Inc., you may recover $1,000 in statutory damages. The court could also award actual damages, such as physical and emotional damages, plus lost wages and garnished pay. The court can also hold Consumer Portfolio Services, Inc., responsible for attorney fees. Awards for physical damages cover easily proven ailments, such as skin problems and rashes, stress-induced heart problems, and migraines.
End The Threats Today
If you believe that Consumer Portfolio Services, Inc., misrepresented themselves during the collections process, there are legal repercussions. You should talk with an FDCPA attorney who handles cases involving creditor harassment. You do have rights, and you can stop Consumer Portfolio Services, Inc., harassment. Laws were enacted to protect consumers like you. Complete the Free Case Evaluation Form on this page to share the details of your case against CPS, Inc., with an FDCPA lawyer who handles 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 Consumer Portfolio Services, Inc., or any other third-party collection agency, you may not be entitled to compensation.