FTC: Debt Collection Aggression

West Asset Management has agreed to pay $2.8 million to settle FTC charges that its aggressive debt collection techniques violated federal law. That's the biggest civil penalty the FTC has ever gotten in a debt collection case. The FTC alleged that the company's debt collectors called people many times a day — often regarding accounts that didn't belong to them — and sometimes used rude and abusive language; illegally disclosed debts to third parties; and ignored people's written requests to stop calling. The settlement permanently prohibits West Asset from using false, deceptive, or unfair debt collection tactics. 

We have stated in previous posts that debt collectors sometimes use unfair practices. Know your rights as a consumer. If you are being harassed by debt collectors make sure you document and report. The above article excerpt proves that there are consequences for debt collectors that use false, deceptive, or unfair practices to collect debt.

Sources: Federal Trade Commission

Fresh Start Consumer Care, LLC www.freshstartconsumercare.com
 

Government Shutdown: The Impact On You

The possibility of a government shutdown has been in the news daily. The "possibility" should be changed to "definite". By the House's own rule all bills must be on the floor 72 hours before they can be considered. With the 8th of April being the deadline, simple math says "time is up". Not passing a budget will affect many areas, but here are a couple of them. It is estimated that 800,000 government workers will be furloughed, which means they will not receive a paycheck until a budget is passed and they are back to work. They may receive back pay, but Congress will have to authorize it. The other area of concern is that paper IRS filings will not be processed. Electronic filings will continue to be processed. If you were expecting a refund it is possible that it will be delayed. With these two thoughts remember there are other areas that will be in jeopardy. Make sure you have a solid plan for your household. Keep some money on hand and reevaluate your savings plan. While this is not great news, remember few things are constant.

Source: Fresh Start Consumer Care, LLC www.freshstartconsumercare.com