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Debt Collector Will Write Off $3 Million of Debts, Close Doors for 5 Years

Debt CollectorDebt Collector’s will try anything to collect a debt. They will threaten arrest, criminal charges and even threaten physical violence if a debtor does not pay up. They even do this to consumers who do not owe the debt in question. Many of their actions violate the Fair Debt Collection Practices Act.

Recently it has been reported that one such collector has been closed down for just these types of actions. It has been reported that Atlanta based Zenith Financial Group has been ordered shut down and stay out of the collection business for five years.

When dealing with debt collectors you must know your rights. The first step if you are contacted is to ask them to verify the debt in writing. You need to know if you even owe the debt before you do anything.


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Posted June 2015