FTC Has Court Turn Off Collector of Fake Pay Day Loan Debts

FTC Has Court Turn Off Collector of Fake Pay Day Loan Debts

Patrick Lunsford

A U.S. district court has granted a temporary restraining order halting an operation based in Atlanta and Cleveland that allegedly used deceptive and threatening tactics to collect phantom payday loan “debts” that consumers either did not owe, or did not owe to the defendants at the request of the Federal Trade Commission. The court purchase freezes the defendants’ assets to protect the likelihood of supplying redress to customers, and appoints a receiver.

In line with the FTC, the defendants operated under a bunch of fictitious company names that implied an affiliation with legislationyer or a police force agency, such as for example worldwide Legal Services, Allied Litigation Group, United Judgment & Appeals, Dockets Liens & Seizures, and United Judgment Center. Utilizing robocalls and vocals messages that threatened action that is legal arrest unless customers reacted in a few days, the defendants have gathered and prepared vast amounts in re re payment for phantom debts, in accordance with the issue. Their techniques have actually created very nearly 3,000 complaints to your FTC’s customer Sentinel. Read more