Two Debt Collectors Sued Over Allegedly Incomplete Collection Letters

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Distressed Asset Portfolio IV, LLC and Unifund CCR, LLC have been named as defendants in a proposed class action lawsuit that claims they sent a New York woman a collection letter that failed to comply with certain provisions of the Fair Debt Collection Practices Act (FDCPA). The letter allegedly set forth an “outstanding balance,” but neglected to mention whether the balance would remain static or increase due to added interest or other fees. Therefore, the suit argues, the plaintiff, upon reading the defendants’ letter, would be unsure as to how much she truly owed and would be unable to calculate the correct payment.