To: Richard Cordray, CEO @ CFPB, President Donald Trump, Governor Gretchen Whitmer, and Sen. Elizabeth Warren (MA-1)
CFPB: Disbar Collection Attorneys that violate FDCPA and time barred debt.
Third party debt collectors hiding behind a veil of collection attorneys are breaking the law by obtaining default judgments in courts all across the country against consumers for debt that is not even validated. They are scamming the system, filing false affidavits and defrauding the courts! Once a judgment is obtained in some states, this empowers them to: levy your home; garnish bank accounts; garnish tax refunds; garnish wages! Collection attorneys also add on fees; fees and more fees to the Judgment. Most judges assume that these collection attorneys have already done a reasonable investigation of the debt, but they have NOT!
Collection attorneys are awarded Judgment with no validation, no title, no assignment, no contract even attached to the complaint! Most of the time by default. They will stop at nothing, nothing to get the money owed, even though third-party debt collectors have paid pennies on the dollar for the debt, they are awarded Judgment on the whole debt. The GREED IS ABOMINABLE! UNJUST ENRICHMENT!
Collection attorneys are awarded Judgment with no validation, no title, no assignment, no contract even attached to the complaint! Most of the time by default. They will stop at nothing, nothing to get the money owed, even though third-party debt collectors have paid pennies on the dollar for the debt, they are awarded Judgment on the whole debt. The GREED IS ABOMINABLE! UNJUST ENRICHMENT!
Why is this important?
When the law breaks the law:
Third party debt collectors via collection attorneys are scamming the system and lining their own pockets, at the cost of hard-working American families. These collection attorneys know the law much better than any consumer. Many American families are in debt, whether it be medical debt or credit card debt, due to job loss, illness or other hardship. Furthermore, original creditors have already received a tax incentive, or some other incentive when they charged off the debt, then subsequently received payment when they sold the debt for pennies on the dollar. It should be ILLEGAL for third party debt collectors to collect the whole amount of the debt, seeing that the true amount of their loss is actually what they paid for the debt, which is pennies.
Third party debt collectors via collection attorneys are scamming the system and lining their own pockets, at the cost of hard-working American families. These collection attorneys know the law much better than any consumer. Many American families are in debt, whether it be medical debt or credit card debt, due to job loss, illness or other hardship. Furthermore, original creditors have already received a tax incentive, or some other incentive when they charged off the debt, then subsequently received payment when they sold the debt for pennies on the dollar. It should be ILLEGAL for third party debt collectors to collect the whole amount of the debt, seeing that the true amount of their loss is actually what they paid for the debt, which is pennies.