FDCPA Suit Filed Against Monarch Recovery Management

New to ClassAction.org? Read our Newswire Disclaimer

Monarch Recovery Management, Inc. is on the receiving end of a proposed class action lawsuit filed by a New York man who claims the defendant sent him a misleading debt collection letter. According to the complaint, the plaintiff received a notice from the defendant that contained the following statement:

“As of the date of this letter, you owe $4766.48.”

The suit argues that the plaintiff’s account was charged off and was not subject to interest or added fees. The language in the letter, however, implied that the balance could change by noting that it had been calculated on a specific date, the complaint says. The defendant violated the Fair Debt Collection Practices Act, according to the case, by pressuring the plaintiff into making a payment as soon as possible to avoid possible balance increases that would, in reality, never be applied.