Improper threats of wage garnishment leads to settlement

When expenses begin to mount and income continues to be insufficient, it can become more and more difficult for Mississippi residents to stay afloat. Missed payments or failing to meet certain financial obligations can lead to wage garnishment or repossession, which, in turn, can create even more financial challenges and stress. The actions of debt collection agencies often exacerbate these frustrations and struggles, as many of these companies engage in inappropriate tactics and practices.

Several debt collection agencies, many operating under the name Rumson, Bolling & Associates, have been ordered to pay over $1 million as part of a settlement stemming from allegations by the Federal Trade Commission that the companies engaged in abusive debt collection practices. Allegations state that the agencies not only violated the Fair Debt Collection Practices Act, but also other statutes. The abusive practices included use of obscene and profane language and threats to seize consumers' property, arrest them, or garnish wages, among many others. The Rumson family of companies has previously been involved in FTC actions.

When Mississippi residents fall on hard times, it is difficult to stretch the money to cover all the bills. Once payments are missed, late fees start accumulating and the calls from creditors and collection agencies begin, threatening repossession or wage garnishment. Fortunately, there is a way that Mississippi residents can end the harassment, stop repossession and restore financial stability. By filing for bankruptcy, individuals can get relief from collection actions and develop a plan to keep as much property as possible while eliminating or repaying debt. Bankruptcy may even be able to help consumers regain ownership of a vehicle in cases where a vehicle has been repossessed in the last 10 days.

Bankruptcy is a big decision, but there may be many advantages for people who are really struggling financially. For some, bankruptcy may be the best way to proceed to protect an individual's future and regain financial stability.

Source: InsideARM.com, "Officers of Debt Collection Agency to Pay $1.1 million; Banned from ARM Industry," Patrick Lunsford, Jan. 18, 2013

1 Comment

I got this web page from my pal who shared with me concerning
this website and now this time I am browsing this website and reading very informative content at this time.

Leave a comment
Comment Information

Office Location

7160 Tchulahoma Road Suite A5
Southhaven, MS 38671

Toll Free: 888-341-8136
Phone: 662-655-1605
Fax: 866-267-5360
Southhaven Law Office Map

Review Us

REACH US BY PHONE