Man Claims Asset Recovery Solutions Falsely Threatened Increased Balance

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Asset Recovery Solutions, LLC is on the receiving end of a proposed class action lawsuit filed by a New York consumer who claims he received a collection notice from the defendant that violated the Fair Debt Collection Practices Act (FDCPA). The letter allegedly listed the plaintiff’s balance and informed him that it “may periodically increase due to the addition of accrued interest” despite knowing the plaintiff’s balance was not accruing interest and would not vary. The suit argues that the defendant’s “threat of a balance increase” overshadowed the included disclosure regarding the plaintiff’s 30-day validation period during which he could dispute the debt or request validation, noting that the threat could “coerce” him into forgoing his FDCPA rights in order to pay the balance off quickly.