![]() Statutory damages, which the FDCPA limits to no more than $1,000, cover every violation committed by Ascension Point Recovery Services. Can You Seek Monetary Damages for FDCPA Violations?Īccording to the FDCPA, you have the right to seek monetary damages for violations of the sweeping federal consumer protection law. If a bill collector lies about the amount of money you owe on a debt and you send the company the money requested, then the false statement directly had a negative impact on how you reached a personal financial decision. In addition to presenting evidence that confirms a third party debt collector issued one or more false statements, you also have to demonstrate a “material” connection between the false statements and your ability to evaluate all your financial options. In 2018, the United States Court of Appeals for the Eighth Circuit issued a ruling that added a stipulation for proving the false statements made by a company regarding consumer debts. How to Deal with the False Statements Issued by a Bill Collector Some third party debt collector bank on student naivete when it comes to handling personal finances. A common tactic is to increase the amount of interest that is listed within a student loan contract. Some debt collection agencies resort to underhanded tactics by making false claims about the rights written into a student loan agreement. It is much more than companies trying to fleece college students by trying to collect more money than is owed on a delinquent credit card account. What are the False Statements Prohibited by the FDCPA?Īs one of the most vulnerable age demographics, college students are highly susceptible to the deceptive tactics implemented by unethical debt collection agencies. ![]() 3| Can You Seek Monetary Damages for FDCPA Violations?.2| How to Deal with the False Statements Issued by a Bill Collector. ![]()
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