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Established Contributor
pipeguy
Posts: 609
Registered: ‎10-31-2011

Debt collection firm to pay largest-ever FTC penalty

Massive debt collection firm Expert Global Solutions has agreed to pay a $3.2 million civil penalty to settle charges it violated consumers' rights when attempting to collect debts, according to the Federal Trade Commission......

 

http://www.nbcnews.com/technology/debt-collection-firm-pay-largest-ever-ftc-penalty-allegedly-harass...

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aot2009
Posts: 174
Registered: ‎02-08-2010

Re: Debt collection firm to pay largest-ever FTC penalty

lol good

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azguy13
Posts: 5,375
Registered: ‎04-30-2013

Re: Debt collection firm to pay largest-ever FTC penalty

I am glad to see they have to pay up. Not all collection firms are evil though. Some are just hard working people like us trying to make a living. 




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marty56
Posts: 5,679
Registered: ‎10-06-2007

Re: Debt collection firm to pay largest-ever FTC penalty

Sadly they were able to pay.

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09Lexie
Posts: 24,378
Registered: ‎09-13-2012

Re: Debt collection firm to pay largest-ever FTC penalty

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guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Debt collection firm to pay largest-ever FTC penalty

IMO, if they had to pay that much in fines, they should not be allowed to ever collect again,

 

The fines alone tell you what kind of CA they are.  And if they can afford to pay that, they will keep doing what they did.

 

 

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azguy13
Posts: 5,375
Registered: ‎04-30-2013

Re: Debt collection firm to pay largest-ever FTC penalty


guiness56 wrote:

IMO, if they had to pay that much in fines, they should not be allowed to ever collect again,

 

The fines alone tell you what kind of CA they are.  And if they can afford to pay that, they will keep doing what they did.

 

 


Very true. It should be a one strike and your out. Its like Baseball and PED's




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tld409
Posts: 201
Registered: ‎03-21-2012

Re: Debt collection firm to pay largest-ever FTC penalty


azguy13 wrote:

guiness56 wrote:

IMO, if they had to pay that much in fines, they should not be allowed to ever collect again,

 

The fines alone tell you what kind of CA they are.  And if they can afford to pay that, they will keep doing what they did.

 

 


Very true. It should be a one strike and your out. Its like Baseball and PED's


Also agree but unfortunately, I'm sure they would reappear under a different name :smileymad:

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guiness56
Posts: 22,408
Registered: ‎01-17-2008

Re: Debt collection firm to pay largest-ever FTC penalty


tld409 wrote:

azguy13 wrote:

guiness56 wrote:

IMO, if they had to pay that much in fines, they should not be allowed to ever collect again,

 

The fines alone tell you what kind of CA they are.  And if they can afford to pay that, they will keep doing what they did.

 

 


Very true. It should be a one strike and your out. Its like Baseball and PED's


Also agree but unfortunately, I'm sure they would reappear under a different name :smileymad:


Could be.  But hopefully there is something that would keep them from doing that,.

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WallyxD
Posts: 273
Registered: ‎10-02-2012

Re: Debt collection firm to pay largest-ever FTC penalty


guiness56 wrote:

IMO, if they had to pay that much in fines, they should not be allowed to ever collect again,

 

The fines alone tell you what kind of CA they are.  And if they can afford to pay that, they will keep doing what they did.

 

 


I couldn't agree more.  Maybe it's just my ignorance, but I had no idea CA's were that huge in terms of them being able to pay off a fine like that.  I wish there was something that could be done to 'reimburse' those who were affected by their practices though.

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