Franklin Credit Management is a debt collection agency which appears to have received a large amount of complaints alleging violations of the Fair Debt Collection Practices Act. Find out who they are, why they might be calling, and how you can stop them.
Franklin Credit Management is a debt collector located in Jersey City, NJ. It appears as though there are a variety of different complaints against Franklin Credit Management alleging violations of the Fair Debt Collection Practices Act (FDCPA). If you have been contacted by this debt collector, make sure you understand your rights before taking action.
The harassing company pays our fees.
They’re legit. One can confirm that Franklin Credit Management is a legitimate company. This legitimacy is due to the fact that this collections company has many years of experience within collections and has received an astounding “A+” rating from the BBB. While Franklin Credit Management has not been accredited by the Better Business Bureau, it is wisest to take this alleged collections matter seriously, as failing to recognize the legitimacy of this collections company can cause significant harm to your credit and financial stability.
On the Franklin Credit Management page, the company explains that, “Over the past three decades Franklin Credit has evolved into a premier niche servicer focusing on the market’s most distressed asset classes. Specializing in 2nd lien and Judgment portfolios.” The company claims that they, “excel at pursuing loans others have either overlooked or are incapable of collecting.” While Franklin Credit Management claims that they work vehemently to support the collector and client, they are have been said to leave consumers in the dust, ultimately making it possible that this collections company violated the FDCPA.
The BBB additionally does not provide any information regarding the leadership of the collections company. Lastly, according to dnb.com, Franklin Credit Management generates $10.34 in sales and has an employee base of 47, with 2 companies in the collections company’s family.
Franklin Credit Management does not specify which area of collections that they specialize in. The collections company simply leaves website visitors with a message stating, “Located in Jersey City, NJ our default servicing platform is built to comprehensively manage loans through all stages of delinquency: Collections, Loss mitigation, Foreclosure, Judgment, Bankruptcy and REO.”
Because there is a substantial lack of information available on Franklin Credit Management’s clientele and areas of expertise, as a consumer you should choose to verify your debt with this collections company and discuss the details of your alleged debt. It is known that due to the outsourcing of debt, one collection account can turn into many reporting on your credit file if the debt is not dealt with, making this matter extremely important to resolve.
Who are we? We are Lemberg Law, a Consumer Law Firm
Lemberg Law is a consumer law firm helping victims of collection harassment and abuse. Lemberg Law received an A+ rating from the BBB. We’ve helped more than 15,000 consumers stop harassment and recover money from debt collectors. Harassed? Abused? Misled by a collector? Call our Helpline today! There is no charge unless we win.
Franklin Credit Management has only a few complaints posted across the internet. This fact, however, does not mean that any of these complaints are less credible or severe. First, on the BBB, this collections company has 2 complaints posted within the last three years, with zero reviews. There are currently no additional reviews or complaints posted about Franklin Credit Management across the internet. More seriously, this collections company could have also been a part of a variety of lawsuits, sanctions, and penalties according to Public Access to Court Electronic Records (“PACER”), which reports all federal complaints within the U.S. federal system’s docket.
In simple terms, yes. However, collections company are not legally able to make empty threats to sue you or garnish your wages. While this may be the case, if there has been a default judgment, Franklin Credit Management is able to choose whether or not to sue you or garnish your wages. Remember that without validation of your debt, most collections companies will choose not to sue. Nonetheless, it is still wisest when dealing with unethical collections companies that you contact an attorney to protect your rights and assets. Need assistance? Call us today. Lemberg Law awards consumers the power to fight back against these fraudulent collection practices.
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Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Absolutely. You can sue a debt collector.
If you find yourself in contact with this collections company, remember that The Fair Debt Collection Practices Act protects you against the abuses and misconduct of collection agencies. Find out if you can receive compensation! If you would like to inquire about these specific rights, you can find them listed on the Federal Trade Commission’s website under, “Debt Collection FAQs”. In addition to this legal protection, as a consumer you are also entitled to supplementary rights under the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
Yes, you absolutely can. The smartest move to make, if you would like to defend your rights and recover your damages, is to sue. More specifically, choose to take action when you have found that your FDCPA or TCPA rights have been violated. Federal laws protect citizens like you from these fraudulent practices, utilize them to defend your rights and receive compensation for unethical collections practices. Individuals like you can recover damages of up to $1,000, plus attorney fees and court costs.
You may have a case, if…
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“They settled my case so fast. No more harassing calls from them bothersome credit card companies. it was an everyday thing 2 to 4 calls a day. I can have peace now. Thank you for all your help.”
“Lemberg Law got a faulty debt of over $4,000.00 removed completely from my record AND got me the highest award of $1,000.00 in my settlement. Very kind and very skilled at what they do. I highly recommend Lemberg Law.”
Absolutely, we would love to help. Call us today.
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Sergei Lemberg is an attorney focusing on consumer law, class actions related to automotive issues, and personal injury litigation. With nearly two decades of experience, his areas of practice include Lemon Law (vehicle defects), Debt Collection Harassment, TCPA (illegal robocalls and texts), Fair Credit Reporting Act, Overtime claims, Personal Injury cases, and Class Actions. He has consistently been recognized as the nation's "most active consumer attorney." In 2020, Mr. Lemberg represented Noah Duguid before the United States Supreme Court in the landmark case Duguid v. Facebook. He is also the author of "Defanging Debt Collectors," a guide that empowers consumers to fight back against debt collectors and prevail, as well as "Lemon Law 101: The Laws That Lemon Dealers Don't Want You to Know."
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