Nationwide Credit Calls
Posted on
January 20, 2010
at
1:46 am
I saw an article warning people to beware of Nationwide Credit Calls ... they were in some kind of trouble back in 1998, 'you think it's still true now?
Posted on
January 20, 2010
at
2:03 am
Did you read about Nationwide Credit Calls from this article?"According to the FTC, “Nationwide’s debt collectors harassed consumers, made false and misleading representations, failed to send required validation notices, failed to verify debts when requested to do so by consumers, and made impermissible third party contacts regarding consumers’ debts.” This was on the heels of a 1992 civil penalty of $100,00 for the same charges."If so, then I think it's still true today, that is if they're still in business...
Posted on
January 20, 2010
at
2:11 am
I think they're still in business - somebody check their website. And there seems to be a call to "stop Nationwide Credit Calls" -- that's serious. How to stop them?
Posted on
January 20, 2010
at
2:14 am
"Stop Nationwide Credit. Call 877-737-8617 for help."
Posted on
January 20, 2010
at
2:22 am
If they're that bad, how come the authorities haven't yet revoked their license to operate?One more question, if ever they contact me, heaven forbid, what do I expect? My neighbors seem livid about them - don't want to end up like that. Even if it's not Nationwide Credit that's contacted me, what's the first thing to do? How to deal?
Posted on
January 20, 2010
at
2:27 am
Okay, the governing body is the FTC or the Federal Trade Commission - and they police unfair practices toward consumers via the Fair Debt Collection Practices Act (FDCPA).If you are contacted by a collection agency via the phone (1st time), expect to receive a letter that contains your debt amount, creditors, and what you can do to have that debt verified. No verification, no liability.
Posted on
January 20, 2010
at
2:32 am
To answer your question regarding licenses, I think the FDCPA can do that, unless the state has its own version of FDCPA's Denial, Revocation or Suspension of License..
Posted on
January 20, 2010
at
2:41 am
When a collection agency contacts you, there's also such a thing as Statute of Limitations (SoL) on that debt - which resets once you admit to it or promised to somehow pay it. So be sure to check on your state's SoL here: http://www.fair-debt-collection.com/SOL-by-State.html
Posted on
January 20, 2010
at
2:45 am
The FTC can fine the collection agency for violation of the FDCPA - $1,000 + damages. I don't know about revocation or suspension of license to operate.
Posted on
January 20, 2010
at
2:48 am
Thank you all, that's helpful - where to report an abuse?
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