FMS Investment Corp. Hit with FDCPA Class Action

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A New York woman has filed suit against FMS Investment Corp. claiming the debt collector failed to clearly convey in a collection letter the amount of her alleged debt. According to the complaint, FMS sent the plaintiff a notice stating she owed a “Principal” amount of $2,094.37 followed by $1,831.29 in “Interest” and $955.51 in “Fees and Cost” [sic]. The suit argues that the letter neglected to mention the information necessary for the plaintiff to calculate the true amount she owed on a given day – including the interest rate, date of accrual, and the specifics of the added fees – thereby depriving her of her right to pay off her debt with certainty.