More Debt Collection Litigation Aimed at LTD Financial Services

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LTD Financial Services, LP is on the wrong end of a proposed class action filed this week in Wisconsin that alleges the company overstepped federal debt collection laws. According to the complaint, LTD violated the Fair Debt Collection Practices Act (FDCPA) when it sent the plaintiff a notice that included a “limited time” settlement offer purporting to settle the woman’s debt for approximately 50 percent of the supposed amount owed. This settlement offer came with a March 31, 2017 payment-received-by date that the lawsuit alleges is false and misleading—and in violation of the FDCPA—because, in truth, payment could be made at any time.

“Statements such as the settlement offer is a ‘limited time offer,’ or that the offer expires on a specific date, or that payments must be received by that date, are false and misleading because the same offer is, upon information and belief, available at any time,” the case argues.