Credit cards, home, boat, car and motorcycle loans and nearly anything else that provides creditors with a steady income stream can be “securitized,” or made into a Wall Street entity / security. These securities are then divided into shares and sold to large pension funds and other investors. For an explanation of the securitization process, please view our chart. You can see for yourself just how complex these transactions can be.
However, in the hurry to make a profit, these companies often fail to complete or track the paperwork that is needed to make sure the debt is legally transferred from one entity to another. For instance, you may have reached a credit agreement with one entity, and now an entirely different entity is trying to collect on your debt. That company may not have the documents it needs to prove it has the right to collect on your debt and that means you may have a very powerful defense.
At the Law Offices of Evan M. Rosen, our Florida debt defense lawyers understand how multiple levels of transfers and strict timeline requirements create opportunities for us to successfully defend our clients. In some cases, creditors may even try to fraudulently recreate the paperwork they need.
Contact us today to learn more about these defenses and how we can use them to help you, too!
In the rush to make money, shortcuts are taken, documents are “robo-signed” by people who claim to have knowledge of what they are signing but, of the ones we have deposed or seen in trial, rarely ever have a clue! This and numerous other issues can help you defend against creditors. There are also numerous cases in which we can counterattack under the following consumer protection statutes:
- Federal Fair Debt Collection Practices Act (FDCPA): This act prevents “abusive” practices by debt collectors and allows consumers to collect actual and statutory damages.
- Fair Credit Reporting Act (FCRA) & Fair and Accurate Credit Transactions Act (FACTA): These laws regulate credit reporting agencies and the companies who report information to them, and they provide debtors with multiple ways to defend themselves in collection actions as well as to protect their identity, privacy, credit score and credit report.
- Florida Consumer Collection Practices Act (FCCPA): This act provides ways for Florida residents to collect actual and statutory damages from unscrupulous actions of anyone trying to collect on a debt.
- Florida Deceptive and Unfair Trade Practices Act (FDUTPA): This law protects you against unfair business practices or competitive methods and gives you a private right to sue anyone who violates the law. In addition to actual damages, you may also be entitled to recover attorney fees and the costs.
Contact Our Florida Debt Defense and Consumer Protection Attorneys Today
Our country’s history is filled with examples of people who have struggled financially but then have gone on to become famously wealthy. They all reclaimed their part of the American Dream and we want to help you reclaim yours!
If you want to reclaim your piece of the American Dream or just want help with debt or foreclosure, call us at 855-55-ROSEN or fill out our online form for a FREE CONSULTATION. Let the lawyers and staff of the Law Offices of Evan M. Rosen, serve you!