Resolvly Believes That A Recent Debt Collection Ruling Shows The Value Of Consumer Protection Attorneys
Resolvly reminds consumers that they don’t have to deal with debt collectors on their own. They can work with experienced consumer protection attorneys who know local debt collection laws and can advise them of their rights.
July 1, 2021 /MarketersMedia/ —
Debt collectors often prey on vulnerable people. They scare consumers into paying money they don’t necessarily owe, or may not have to pay at a certain time.
The challenge for consumers is they often aren’t aware of their rights under the law, which can vary significantly from state to state. Resolvly, a referral service specializing in connecting individuals with consumer protection lawyers who will assert consumers’ rights and stop creditor harassment, aims to keep the public informed on the latest developments concerning debt in the United States.
In Washington, for example, roughly 5,000 consumers are due $475,000 total from a collection agency based in Denver that collected debt improperly.
Bob Ferguson, the attorney general in Washington, was successful in a lawsuit that alleged the company, Machol & Johannes, used debt-collection practices that were against the law.
A Seattle Times report said a judge notified Ferguson’s office after the company improperly filed applications for wage garnishment. The lawsuit was then filed, and the state of Washington won in court.
In addition to the money that must be returned to the consumers, Machol & Johannes has to forgive fees and costs they charged to consumers that could total $250,000, as well as pay the attorney general’s office $414,000 to cover costs related to its investigation.
While there are federal agencies and federal laws in place to protect consumers from debt collectors, states have the ability to regulate debt collection however they see fit.
In addition, some debt collection practices aren’t subjected to the federal Fair Debt Collection Practices Act, and therefore aren’t regulated under the Consumer Financial Protection Bureau.
Debt collection is a cutthroat industry that’s very competitive. As such, debt collection companies often push the envelope when it comes to the law in certain states. In some cases, as was seen in Washington recently, they even break local laws to pressure unsuspecting consumers into paying money they don’t have to pay.
It’s very difficult for the everyday consumer to fully understand debt collection laws, even those that specifically apply to them in their state. Debt collectors also know they are targeting vulnerable people in sometimes embarrassing situations when they reach out to them, and they do all they can to capitalize on that vulnerability.
Luckily, consumers don’t have to deal with debt collectors on their own. There are consumer protection attorneys that specialize in helping people figure out debt resolution.
These lawyers are specifically educated in the local debt collection laws, including what debt collection companies can do and what protections are in place for consumers.
Consumers who have been contacted by a debt collection company should contact an experienced consumer protection attorney before taking any action on their own. It could save them valuable time and money while avoiding stressful situations.
About Resolvly
Resolvly is a Florida Bar-approved lawyer referral service that helps clients nationwide connect with consumer protection attorneys that specialize in debt resolution. Founded in 2015, the Boca Raton-based company has become an industry leader by helping thousands of Americans find the right, legal-based solution to reduce or eliminate their unsecured debt. Resolvly helps with credit card debt, private student loans, business debt, medical bills, and vehicle repossessions.
Contact Info:
Name: Resolvly LLC
Email: Send Email
Organization: Resolvly LLC
Address: Boca Raton, Florida
Phone: 866-955-5047
Website: https://resolvly.com/
Source: MarketersMedia
Release ID: 89032490
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