Encore Capital Group, Inc. purchases portfolios of defaulted consumer receivables from major banks, credit unions, and utility providers, and recovers collectable debt from these accounts.
Who Is Encore Capital Group
These guys are the real deal. They are quite possibly the largest debt buyer and collector in the U.S. and listed in the NASDAQ under the stock symbol ECPG. They don’t purchase millions but rather BILLIONS in debt. They have a number of associated entities that is above my pay grade as to the ins and outs.
- Midland Credit Management
- Midland Funding LLC
- Propel Financial Services
- Ascension Capital Group
Encore Capital Group Complaints
There was a case Vassalle v. Midland Funding LLC regarding “Robo-dialing” that they appeared to lose or settle but these guys have so much money that it is hard to track down what they really end up paying. All collection agencies have complaints against them but the only thing that should matter to you is what your situation is. We can help.
How To Stop The Harassment Now
Click the link on the right with your specific problem to find out about our solutions.
Encore Capital Group Contact
Website: http://www.encorecapital.com/
Phone Number: (877) 445-4581
What Is The Law
The Fair Debt Collection Practices Act was passed to protect consumers from abusive and unfair collection practices by debt collectors. While the definition of “harassment” may vary from person to person, there are specific behaviors addressed in the FDCPA that apply to all companies like Encore Capital Group that collect debt. If you are contacted by Encore Capital Group regarding a past due account, you have certain specific rights. If those rights are violated by Encore Capital Group, you have the right to specific remedies, including making a report to the Consumer Financial Protection Bureau and filing suit against Encore Capital Group for violation of the Fair Debt Collection Practices Act.
You have the right to tell a debt collector to stop calling you about your debt at any time. When asked, the debt collection agency must provide you with the full name of the company and a mailing address where you can send a letter requiring them to stop contact regarding this debt. You may do this even if you owe the debt. After they receive that letter, the debt collection agency may only contact you to tell you that they will stop their collection efforts or to inform you that they are no longer trying to collect the debt or that they are taking legal action against you.