Consumer Portfolio Services lawsuit 2021 is a new settlement product that protects debt collectors from harassment and provides protection for the consumer. In previous years, debt collectors were able to harass consumers and lie to them about the debt owed. Thanks to the new Consumer Portfolio Services lawsuit, the Federal Trade Commission and the Justice Department have reviewed the laws governing the collection of debts. These laws were reviewed to make sure they are still effective and in compliance with the Fair Debt Collection Practices Act (FDCPA).
Consumer Portfolio Services Lawsuit
The FDCPA outlines how debt collectors can collect monies from consumers. The Consumer Portfolio Services lawsuit prevents debt collectors from harassing consumers. According to the lawsuit, once a collector gets a request to investigate a debt they have to investigate all reasonable methods to collect that debt. If those methods are deemed inappropriate, they must cease their harassing activities. They cannot collect based on what they consider to be harassment based on their past instances of harassing behavior.
According to the lawsuit, once a consumer sends a pre-litigation demand to a debt collector, the collector may not proceed with those requests anymore without first getting a court order. The Consumer Portfolio Services lawsuit helps protect the rights of the consumer. If a debt collector calls at least three times in seven days, the consumer can call the court to stop the phone harassment. The court can issue an order to the debt collectors that the calls are harassing.
According to the lawsuit, debt collectors can not make any further calls after receiving an order from the court.
This includes recorded phone messages. If a debt collector calls at least three times within seven days, the consumer can call the court to stop the phone harassment. The court can issue an order to the debt collectors that the calls are harassing. They cannot collect based on what they consider to be harassment based on their past instances of past conduct. The Consumer Portfolio Services lawsuit helps prevent the debt collectors from taking advantage of people and using this type of harassment.
In addition to stopping the prerecorded voice calls from being able to make further contact with the consumer, the lawsuit also helps prevent the debt collector from threatening the consumer with other things if the consumer does not receive the promised settlement. The prerecorded voice calls would include; harassing the consumer with phone calls, giving the consumer a divorce notice, telling the consumer that they will have to face county court, threatening to take over the consumer’s bank account, telling the consumer that the consumer will get no money or harassing others that the debt collector has told about the consumer. This is an unfair and unwarranted use of the power of the debt collector.
A PLLC ensures that the consumer is given a fair opportunity to challenge any harassment.
Any false, derogatory, and intimidating statements made by the debt collector will not be held against the company nor will it hold up in court. There is also a Fair Debt Collection Practices Act that protects consumers from debt collector harassment in various states including; Arizona, California, Connecticut, Delaware, Florida, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Montana, Nevada, New Hampshire, Oregon, Pennsylvania, and Washington. If the PLLC wins the case against the debt collector the company must pay the PLLC a portion of any money awarded as well as damages. The damages that are awarded can be quite substantial for very unfair practices.
In many cases the PLLC has won major cases against companies such as; Wells Fargo & Co. which was found to have violated the FDCPA because they were sending harassing phone calls to the consumer, VISA, which was found to be charging upfront fees without ever providing the consumer with a credit card statement, and Chase Bank which was found to be charging huge fees for overdraft protection but did not allow the customer an adequate time to contact them to notify them of their overdraft problem. A PLLC attorney will work on your behalf to win the case for you. Some of these cases have been especially complex and may require a team of experts on each side of the case to bring the outcome that benefits you.
It is important to note that when you are fighting a consumer debt collection harassment case such as the ones mentioned above you must keep in mind that you will be representing yourself in court. This means that you must prepare yourself adequately to present your case in front of a judge. You should do your homework and gather information on your specific company to better understand what it is they are doing to get you to pay up. You must also learn about your rights as a consumer and know what you are legally allowed to do to fight back against a debt collector.