Falling behind on bills can produce a high level of stress and anxiety that spills over to taint the relationships you have built with friends and professional colleagues.
If you think the stress is bad when you fall into a financial hole, wait until a debt collection agency begins to harass you at home and at work. The harassing tactics used by third party debt collectors include issuing threats.
Under a historically significant federal consumer protection law, you do not have to put up with harassing and intimidating debt collection tactics.
About Monarch Recovery Management, Inc.
With multiple locations in Pennsylvania, Monarch Recovery Management, Inc. specializes in collecting outstanding consumer debts for banks and credit card companies. In business for 46 years, the bill collector has not received accreditation from the Better Business Bureau (BBB).
Lack of BBB accreditation means Monarch Recovery Management, Inc. has not met the rigorous customer service standards established by the consumer advocacy organization. However, the BBB has awarded the debt collection agency its highly coveted A+ rating.
Know What Threats are Considered Illegal
After decades of consumer complaints, the United States Congress passed the Fair Debt Collection Practices Act (FDCPA). The 1977 federal consumer protection law prohibits overly aggressive debt collection practices, including verbally abusing consumers and making repeated phone calls at home and at work.
Third party debt collectors are also forbidden from issuing threats of any kind. The key to enforce the threats provision of the FDCPA is to prove a bill collector like Monarch Recovery Management, Inc. issued a clear and direct threat.
Monarch Recovery Management, Inc. is not allowed to issue a threat to contact a third party regarding your debt. Many debt collection agencies contact third parties to shame consumers into taking action on a delinquent credit card or personal loan account.
The third party debt collector cannot threaten to garnish your wages. However, the company has the right to seek a judgment against you that includes a formal wage garnishment order issued by a civil court judge.
A bill collector is also barred from publishing the names of debtors and threatening to take action against everyone mentioned on the list.
Do You Qualify for Monetary Damages?
The United States Congress gave the FDCPA legal teeth by writing into the consumer protection law a provision that grants consumers the right to file lawsuits against debt collection agencies.
To file a claim against Monarch Recovery Management, Inc., you should consult with a licensed FDCPA lawyer who will determine if you have enough evidence to move forward with your case.
The FDCPA allows consumers to file lawsuits seeking monetary damages for the pain and suffering caused by physical and/or emotional duress.
Physical distress symptoms can include insomnia and acute migraine headaches, while emotional duress symptoms can include strained relationships and sudden publicly made outbursts.
Hire an Experienced FDCPA Attorney
Any legal action you take against Monarch Recovery Management, Inc. will be met with fierce resistance. The third party debt collector will fight back with a team of accomplished litigators. Even the legal plane by scheduling a free initial consultation with a highly rated FDCPA lawyer.
*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.