Collections Agencies
United Merchant Asset Recovery LLCInformation and Alerts
Alert Details
This business has 1 alert.
Alert
BBB has requested that United Merchant Asset Recovery remove the BBB logo from their web site because they are not accredited by the Better Business Bureau.
BBB has seen a major increase in collection agencies starting business in the Upstate New York area over the past several years. In an effort to keep consumers informed about which collection agencies are operating in accordance with federal and state law, we have asked for specific information from all collection agencies located in our service area, including proof of licensing, bonding, and or registration required by NY state or other governments where the business is located, as well as proof of licensing required by any state in which the business operates. This collection agency has not responded to our requests. BBB advises consumers to be aware of their rights in regard to collections. This includes New York States law prohibiting any collection agency from collecting on Payday loans in the State of New York. The Fair Debt Collection Practices Act (FDCPA) outlines prohibited behavior when attempting to collect a debt, and outlines specific rights for consumers. There are penalties for agencies found in violation of the Act. BBB advises consumers to become familiar with their rights under the Act, which can be found at the Federal Trade Commission’s Website at: ftc.gov . Consumers can file with us at bbb.org/complain.
BBB opened an investigation on the business and found a pattern of a high volume of serious complaints. BBB reached out to the business requesting a response to the high volume pattern of serious complaints about associates of the business breaking federal laws of the FDCPA. The business did not answer to BBB.
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