Four Georgia Debt Collectors Named in FDCPA Class Action

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From New York district court comes a proposed class action claiming Vital Recovery Services, Inc., First Financial Investment Fund V, LLC, First Financial Investment Fund Holdings, LLC, and First Financial Investment Fund I violated the terms of the Fair Debt Collection Practices Act (FDCPA). The woman who filed the lawsuit claims the debt collection notices she received from the defendants unlawfully failed to disclose whether the “total balance due” may increase due to the accrual of interest. This omission, the lawsuit argues, could cause the least sophisticated consumer to be unsure of both the true amount of debt and, upon payment, whether he or she had covered the entire amount owed.