Although magazine subscriptions are usually not the first thing consumers think about when considering debt collection agencies, it is the subject of the latest collection scam that the Federal Trade Commission (FTC) has successfully prosecuted. According to a report by The Chicago Tribune, a collection agency was accused of violating the Fair Debt Collection Practices Act, the FTC Act, and the Telemarketing Sales Rule in their pursuit of collecting money for magazine subscriptions. According to the article, the collection agency falsely told consumers that magazine subscription debts are exempt from the statute of limitation and therefore collectible. The agency also improperly threatened to garnish wages and take other legal action. Additionally, the company masked its identity when calling consumers and sent false identification to caller IDs including various attorneys and American TV host Ed McMahon, who has been dead since 2009. The settlement between the debt collection company and the FTC bars the company from representing that a consumer owes a debt without having a reasonable basis for doing so, prevents them from misrepresenting any other debts or services, and requires the company to investigate any questionable debts or any debt disputed by a consumer. Putting an end to a collection agency’s unfair and deceptive practices is a difficult task for any consumer targeted for such action. Riverside fair debt collection lawyer Howard D. Silver has the skills needed to stop unfair debt collection practices and can help. For a complimentary consultation call the Law Offices of Howard D. Silver today at (855) 341-2611.
Debt Collectors Settle with FTC for False Magazine Subscription Collection
Serving Los Angeles, Riverside, Ventura, San Bernardino Counties & Nearby Areas of California
Wednesday, February 18, 2015