Debt Collection Company to STOP deceiving and abusing consumers at FTC request

At FTC’s Request, Court Orders Debt Collection Operation to Stop Deceiving and Abusing Consumers: More debt collection problems for us consumers by shady operations. The company also has a “debt management” DBA which is quite scary considering they collect debts. Having your personal information in the hands of someone as a debt management firm that operates as a collection agency as well is quite scary.

At the request of the Federal Trade Commission, a U.S. district court has halted a debt collection operation that allegedly deceived and abused consumers – making bogus threats that consumers had been sued or could be arrested over debts they often did not owe.  As part of itscontinuing crackdown on scams that target consumers in financial distress, the FTC charged two individuals and seven companies in a Corona, California-based debt-collection operation doing business as Rincon Debt Management.  The court order stops the illegal conduct, freezes the operation’s assets, and appoints a temporary receiver to take over the defendants’ business while the FTC moves forward with the case.

Operating since March 2009, the defendants have been unjustly enriched by at least $9.4 million, according to documents the FTC filed with the court. Read more.