Have you fallen into a deep financial hole? Has a debt collection agency such as Global Collection Agency made the financial hole deeper by harassing and intimidating you?
Despite the enactment of a landmark federal consumer protection law, some third party debt collectors continue to implement overly aggressive debt collection tactics to coerce consumers into paying off outstanding credit card and personal loan accounts.
One of the overly aggressive debt collection practices involves issuing threats.
About Global Collection Agency
With a main office located by the soothing waters of the Pacific Ocean, bill collector Global Collection Agency does not appear to be a company that is soothing to consumers. The debt collection agency specializes in offering collection services for unpaid receivables.
According to the web page devoted to the company by the Better Business Bureau (BBB), Global Collection Agency has not received accreditation from the consumer advocacy organization. In fact, the BBB has not even provided a rating for the third party debt collector.
What Types of Threats are Not Allowed?
For decades leading up to 1977, American consumers had to take what third party debt collectors dished out. This meant taking verbal abuse and in some cases, having to deal with threats of physical violence.
To address growing consumer discontent, the United States Congress passed the Fair Debt Collection Practices Act (FDCPA). According to the FDCPA, bill collectors are prohibited from verbally abusing consumers, In addition, companies responsible for collecting delinquent consumer debts cannot issue threats of any kind.
The FDCPA clearly prohibits debt collection agencies from issuing threats of using violence to coerce consumers into taking care of their financial responsibilities.
Although the days of loan sharks pounding customers into submission have waned from the American landscape, it is not out of the question for a bill collector to issue a threat of physically harming a consumer. Under the FDCPA, it is also illegal for Global Collection Agency to issue threats to seize your property.
Debt collection agencies threaten to seize private property in attempts to liquidate the property into cash. If Global Collection Agency threatened you in any way, you have the right to seek monetary damages for the pain and suffering caused by the illegal action.
Getting Just Compensation
The first thing to do after receiving a threat from a third party debt collector is to contact a licensed consumer protection lawyer who specializes in litigating FDCPA cases. Your FDCPA attorney will conduct an extensive investigation to determine whether there is enough evidence to proceed with a civil lawsuit.
A claim filed against Global Collection Agency can seek statutory and/or actual damages. Statutory damages cover every violation of the FDCPA, with a maximum amount awarded set at $1,000.
Actual damages represent the money recovered that was lost because of declining wages and costly medical bills.
Your FDCPA lawyer will present convincing evidence that links the illegal debt collection tactics used by a bill collector with the pain and suffering caused by physical and/or emotional distress symptoms.
Never allow Global Collection Agency to threaten you. Speak with an experienced FDCPA attorney 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 Global Collection Agency, or any other third-party collection agency, you may not be entitled to compensation.