Re: Can we do something about Gulf State Credit?

Posted by larry malcolm (192.28.2.52) on May 11, 2002 at 12:59:59:

In Reply to: Re: Can we do something about Gulf State Credit? posted by CardReport.Com on March 30, 2001 at 16:19:57:

: :At what point does the FTC do something about
: :this (i.e. investigate and reprimand)? If we all
: :send in complaints, will that help?

:
: Yes, that is the idea. The Federal Trade Commission
: will *not* get involved with individual consumer
: disputes, but if they receive enough complaints
: to show a general pattern of abuse by a certain
: company, then they will be more likely to take
: action. This would consist of things like monetary
: penalties and official orders to cease certain types
: of activities (with further threatened penalties
: for violating such orders.) In very blatant cases,
: the FTC could put someone out of business, and
: order them to never run a particular type of business
: again.

: In the case of abuse collection agencies, my understanding
: is that the penalties may be in the form of ordering
: the agency to forgive a portion of the debt involved
: (for example, a certain amount might be deducted
: for each instance of excessive harassment in violation
: of the Fair Debt Collection Practices Act.)

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