LTD Financial Services Hit with Another FDCPA Case

New to ClassAction.org? Read our Newswire Disclaimer

From New York comes a proposed class action alleging LTD Financial Services, LP sent consumers collection notices that violated the Fair Debt Collection Practices Act (FDCPA). The case claims the Texas-based debt collector sent the plaintiff a notice in which it unlawfully failed to note whether the man’s balance may increase due to accruing interest or fees. If the plaintiff’s balance wasincreasing, as per his contract with the original creditor, it is still up to the debt collector to note this in its communication with the plaintiff, the case claims.

“In this case, the ‘balance’ was increasing due to interest per the creditor’s contract,” the lawsuit reads. “Nevertheless, the collection notice did not disclose that the amount of the debt stated in the letter ‘could’ or ‘will’ increase over time.”