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Is Alliance Asset Management calling you?*
Here's what you need to know.
Due to the growing national debt crisis, it is very common for people to be sent to collections through no fault of their own. People lose their jobs, receive disability, forget to pay or experience an economic downturn. No matter the reason, debt collectors will call, text, and e-mail you in order to recover a debt, and they can be very threatening. If you are being harassed by a debt collector, read about your rights below.
Your Rights Under the FDCPA
The Fair Debt Collection Practices Act (FDCPA) was passed in 1977 to protect consumers from being intimidated and harassed by third-party debt collectors. It regulates what collection agents may or may not do during their communications with consumers and prohibits actions like the following:
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Using profane and obscene language
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Calling you at work when they know that your workplace won’t let you take such calls
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Discussing the debt with anyone except you, your spouse, or your attorney
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Trying to collect an amount not authorized by law or by the original creditor agreement
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Calling you at all hours of the day and night
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Keep calling you and sending letters after you dispute a debt
Company Profile: Alliance Asset Management
Alliance Asset Management is a debt collection company headquartered in Wood Dale, Illinois. It was established in 2000, has 75 employees, and is managed by its President, Paul Edwards. The company presently has a B- rating with the Better Business Bureau. Records archived at the PACER (Public Access to Court Electronic Records) website revealed that people who believed they were being harassed by Alliance Asset Management turned to the court system to help assert their rights.
Hire an Attorney
The phone numbers for Alliance Asset Management are:
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1-630-760-1110
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1-800-399-8584
If you see either of these numbers on your caller ID when the phone rings, be warned that a debt collector looking for you. If they are vague regarding your rights and threaten legal action that never transpires, hire a consumer attorney. If you sue for these infringements on your rights as an indebted consumer, you could potentially win $1,000 per FDCPA violation as well as attorney's fees, court costs, and any actual damages. The fact that you owe money does not give a debt collector license to intimidate you, a fact they ignore at their own professional risk.
According to PACER, on May 29, 2012, Alliance Asset Management allegedly placed three calls within an hour to Georgia resident Karissa Whaley’s place of employment in an attempt to collect an alleged debt. During first call, Ms. Whaley informed Alliance that calls to her workplace were prohibited and hung up. The collector allegedly called back immediately, and this time Ms. Whaley’s manager told them to stop. Nonetheless, Alliance Asset Management allegedly placed a third call that day.
When Ms. Whaley informed Alliance that she could not afford to pay the debt, the collector she was speaking to allegedly began to use hostile and aggressive language, interrupting her and becoming impatient and repeatedly asking her, “What can you do? I have other calls. What can you do?”
Alliance Asset Management also allegedly threatened to mark her account as “refusal to pay,” leading her to believe that the company would file suit against her. Feeling harassed by Alliance Asset Management, Ms. Whaley hired a consumer attorney and sued the company for allegedly violating the FDCPA in the following ways:
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Contacting her at her workplace after learning that such calls were not allowed
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Using harassing, oppressive, or abusive means to collect a debt
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Causing her phone to ring constantly for the purpose of annoying her
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Using false, deceptive and misleading means to collect a debt
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Failing to send her a debt validation letter within five days of initial contact
The matter was later settled.
*Case taken from PACER (www.pacer.gov). File number is Case 1:12-cv-02433-MHS from the United States District Court for the Northern District of Georgia, Atlanta Division.
Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against Alliance Asset Management, or any other third-party collection agency, you may not be entitled to any compensation.