This month Citigroup started refunding $700 million to consumers for illegal and deceptive credit card practices. Additionally, they will pay the Consumer Financial Protection Bureau $70 million as reported by the Chicago Tribune, http://www.chicagotribune.com/business/breaking/ct-citi-settlement-deceptive-card-practices-20150721-story.html
Unfortunately, for many consumers, this relief came too late. Due to the recent downturn in our economy, many people are struggling to pay their minimum balances on their credit cards; oftentimes, they cannot pay at all. Once a credit card company closes an account, and transfers it to a collection agency, it seems that the chance to dispute overages or hidden fees passed you by. However, if you act fast, that might not be the case. If a collection agency tries to collect an amount from you that you do not owe, or you are not legally obligated to pay, they might be violating the Fair Debt Collection Practices Act, which protects you from unfair collection tactics.
At Olstein Law, we are here to tell you that the law is on your side. The federal government empowered consumers by passing the Fair Debt Collection Practices Act (FDCPA), which helps consumers fight back against unfair or unruly debt collection. Mr. Olstein has helped several consumers resolve their debt issues, and will fight against unfair and undignified collection tactics. If you are a victim of unfair collection, you may be entitled to $1,000.00 plus your actual damages. Contact Mr. Olstein today, to fight back against the collectors!