Falling behind on bills can disrupt your career, as well as your personal life. With all of your focus on climbing out of a financial hole, you have little mental energy left to concentrate on the interactions you have with your boss and your family. Constant worrying suddenly morphs into acute stress when a debt collection agency such as Monarch Recovery Management, Inc. contacts you regarding an outstanding debt. If you have receive a letter and/or a phone call from a third party debt collector, you should know you are protected by a landmark federal consumer protection law.
About Monarch Recovery Management, Inc.
With 30 complaints to the Better Business Bureau (BBB) over the past three years, Monarch Recovery Management, Inc. has received a below average number of complaints for companies operating the debt collection industry. Because of its better than average record of handling consumer disputes, the third party debt collector has received the highly coveted A+ rating from the BBB. Operating out of Bensalem, Pennsylvania, Monarch Recovery Management, Inc. specializes in handling delinquent credit card accounts.
![Did Monarch Recovery, Inc. Misrepresent Themselves?*]()
Misrepresentation under a Consumer Protection Law
With public outcry mounting, the United States Congress passed the Fair Debt Collection Practices Act (FDCPA) in 1977. The federal consumer protection law prohibits bill collectors from engaging in overly aggressive debt collection tactics, such as threatening consumers with bodily harm for not paying off delinquent credit card and personal loan accounts. In addition, the FDCPA outlaws the use of deception in attempts to trick consumers in handing over money they might not have to hand over.
Deception comes in many forms, and the FDCPA has provided consumers with a long list of outlawed deceptive debt collection practices. A debt collection agency like Monarch Recovery Management, Inc. cannot impersonate any government agency. One of the most effective debt collection tactics used by third party debt collectors involves the impersonation of a representative from the IRS. Since the IRS has an intimidating presence, impersonating the taxation entity is a powerful way to coerce consumers into at least finding a way to pay off an outstanding credit card or personal loan balance.
What Damages are You Entitled to Receiving?
Having a bill collector hound you can trigger one or more emotional issues that negatively impact your life. You might become withdrawn, which diminishes your performance at work and places your family relationships in jeopardy of collapsing. Some consumers that deal with the overly aggressive debt collection tactics implemented by a debt collection agency become moody and at times, unpredictable. If you experienced emotional problems brought on by the harassing and intimidating debt collection practices used by a bill collector, the FDCPA grants you the right to seek monetary damages to cover the cost of treating emotional distress symptoms. The FDCPA also allows you to recover the wages lost by a decrease in your job performance.
Work with a Licensed FDCPA Lawyer
Proving emotional duress symptoms is a difficult job for a consumer representing himself or herself during a civil lawsuit. A licensed FDCPA attorney can help you present the evidence required to move your case forward towards a judgment against a third party debt collector. Schedule a free initial consultation with an FDCPA lawyer today.
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 Monarch Recovery Management, Inc., or any other third-party collection agency, you may not be entitled to compensation.