CKS Financial, Cuzco Capital Investment Management Hit with FDCPA Lawsuit

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A proposed class action has been filed against Webcollex, LLC (which does business as CKS Financial) and Cuzco Capital Investment Management LLC over a collection letter that supposedly did not identify a Texas woman’s current creditor. According to the suit, CKS sent the plaintiff a letter that indicated “Celtic Bank – Surge” as the plaintiff’s creditor but didn’t name any entity as the current creditor to whom the debt is owed. Adding to the confusion, the suit continues, the letter deceptively stated that defendant Cuzco had purchased the debt from Celtic Bank yet still listed the bank as the creditor.

“It is deceptive to not clearly state who the current creditor is in any collection letter sent to a consumer,” the complaint reads, adding that the defendants violated the Fair Debt Collection Practices Act (FDCPA) by failing to specify this information.