Monarch Recovery Management Misled Consumer Regarding Charged-Off Debt, Lawsuit Alleges
by Nadia Abbas
Last Updated on January 10, 2019
Smith v. Monarch Recovery Management, Inc.
Filed: January 4, 2019 ◆§ 1:19cv72
A consumer claims in a proposed class action that Monarch Recovery Management falsely implied his charged-off debt was subject to interest and fees.
New York
Monarch Recovery Management, Inc. is the defendant in a proposed class action filed by a New York consumer who alleges the collection agency falsely implied that his charged-off debt was subject to interest and fees.
The suit focuses on a letter sent to the man in January 2018 concerning an obligation originally incurred on a Synchrony Bank account. According to the case, the letter stated, “As of the date of this letter, you owe $12074.33.” By indicating that the balance was due “as of” a certain date, the letter, the suit says, misguided the plaintiff into thinking the balance could increase at a later time. In reality, the case points out, the debt was charged-off and was no longer subject to interest and fees.
“The Letters [sic] would have accurately stated the amount of the Debt by stating ‘The amount due is $12074.33’ or ‘The amount of the debt is $12074.33,’” the case argues.
Hair Relaxer Lawsuits
Women who developed ovarian or uterine cancer after using hair relaxers such as Dark & Lovely and Motions may now have an opportunity to take legal action.
Read more here: Hair Relaxer Cancer Lawsuits
Stay Current
Sign Up For
Our Newsletter
New cases and investigations, settlement deadlines, and news straight to your inbox.
Before commenting, please review our comment policy.