Cascade Collections Hit with FDCPA Lawsuit
by Erin Shaak
Last Updated on May 8, 2018
Lloyd v. Cascade Collections Inc.
Filed: October 26, 2017 ◆§ 1:17-cv-08279
Cascade Collections Inc. has been accused in a proposed class action lawsuit of violating the Fair Debt Collection Practices Act by failing to notify a consumer that her debt was continuously increasing due to interest.
Cascade Collections Inc. has been accused in a proposed class action lawsuit of violating the Fair Debt Collection Practices Act by failing to notify a consumer that her debt was continuously increasing due to interest. The defendant allegedly sent the plaintiff a letter that contained the following:
“Amount Assigned: $977.52”
“Interest: $15.65”
“Misc: $0.00”
“Total: $993.17”
The letter failed to state, however, that interest was continuously accruing, the suit says, and on top of that, it allegedly contained no mention of the interest rate, the date of accrual, or other information that would allow the plaintiff to calculate how much she needed to pay to settle the debt.
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