Is Financial Asset Management Systems bothering you?
Are you fed up with enduring incessant phone calls from Financial Asset Management Systems? If there was a way out of the mental distress you have to endure by dealing with collection agencies would you take it? Do you know what your rights are with regard to the debt collection process? Have you been unfairly treated, harassed, or threatened that your debt details would get into the wrong hands if you fail to pay up your debts? Have you exhausted all options in your attempt to just make the calls stop? Do not despair, we are here for you.
We have gotten many complaints from consumers through the years of some of the above fears been infused into them by less than reputable collection agencies. These are some of the tactics employed by Debt collectors to compel their clients into paying up their debts fast, regardless of whether they have the means to or not. As we have told consumers before you, debt collection harassment is not standard practice backed up by law.
It may interest you to know that the law frowns upon harassing practices perpetrated by third-party debt collectors. It also makes a provision by means of the FDCPA, the TCPA, and the FCRA, for consumers who have been wronged by unethical debt collection agencies to get justice and monetary compensation. If you have suffered unfair treatment at the hands of your third-party debt collector, do not hesitate to reach out to us now on 844-791-1990.
Common ways Financial Asset Management Systems may be harassing you
- Misleading Information
This is by far the oldest trick in the bag manipulated by Debt collectors to lead consumers to clear their debts. Misleading information can manifest itself in a series of ways such as the issuing of threats intended to jolt you into action and impersonation.
- Fake News
Certain collection agencies may send fake press releases or antique public notices demanding consumers to clear their debts on short notice outside the agreed date. The tone of finality contained in these threats has pushed many consumers to take a number of unplanned steps that they end up regretting. This is a major offense, it violates the provision of the FDCPA (Fair Debt Collection Practices Act).
Another way Collection agencies push consumers to take financial steps that they are not prepared for is by threatening them with the possibility of various unspeakable fates such as arrest, wage garnishment, and even jail time. It is not within their rights to do this. The law does not permit this action and neither should you.
- Excessive Calls
When Collection agencies say such things as “your debt gives us the right to contact you at any time of the day” or its equivalents, they are making a false statement. No law in the United States gives them this right.
How does the FDCPA protect you against Debt Collection Harassment?
The FDCPA (Fair Debt Collection Practices Act) forbids all of the above and more practices of Debt Collectors with statutory damages up to $1000. So, you don’t have to be scared when they try to use their tricks on you.
Other FDCPA violations from Debt collectors that qualify as a harassment charge include:
- If collection agencies call you excessively [a maximum of 7 times daily]
- The FDCPA specifies a certain time of the day calls can be made to consumers. Between 8:00 am to 9:00 pm is the specific hours of the day calls are permitted to be made to consumers.
- When you are wrongly contacted by a collection agency and treated as a client, it is a violation of the Act.
Each of these violations attract a fine of $1000 from the defaulting Collection agency.
How does the TCPA protect you against Debt Collection Harassment?
This Act was established by the authorities in the year 1991 to secure the rights of the consumer. The incessant complaints of consumers about the wrongful treatment they suffer in the hands of Collection agencies and telemarketers were what brought about this Act.
The following are violations that qualify as harassment charges:
- At the beginning of a call, a TSR (Telephone Solicitation Representative) must state his/her name and that of the Collection agencies he/she is representing.
- A TSR by the Act should drop a contact that he/she can be reached after the call.
- Prerecorded and/or artificial calls are not permitted to be employed by a collection agency to reach consumers.
If the TCPA is violated the erring agency may be liable for damages up to $1500 if the plaintiff can prove that their acts of violation were willful.
Steps to Take to Handle the Excessive calls from Financial Asset Management Systems
- Reject the Calls
Whenever you receive a call by a TSR you are at liberty to accept or reject it. Preferably, when you know that the call would not yield a positive result. It is, however, important to note that this won’t make your debt go away, and is only advisable in extreme cases of harassment.
- Report to the Police.
When you receive a threat from a debt collection agency or you are harassed by them, report the matter to the Police.
- Seek Legal Advice.
A law practitioner is in the best place to proffer practical advice on the best choice to make in the face of harassment from collection agencies. Call us now on 844-791-1990, and we will be happy to connect you with qualified legal assistance.
About Financial Asset Management Systems
Financial Asset Management Systems is a third-party debt collection agency based in Woodstock, GA, that provides debt recovery solutions for clients across the United States.
645 Molly Ln STE 110
Woodstock, GA 30189-3733
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About Telephone Harassment
We are a consumer-friendly platform dedicated to helping you overcome debt. Read more about us here.
Call us now on 844-791-1990
Financial Asset Management Systems BBB Information
BBB file opened: 5/1/1997
Consumer Rights Law Firm BBB Information
BBB Rating: A+