Friday, December 3, 2010

Fake Collection Agency Indicted

A collection agency that has bounced back and forth between the Kansas City Area and Denver was indicted by the Colorado Attorney General on Dec. 1, 2010. Regent Asset Management is accused of violating Colorado consumer protection laws and engaging in unlicensed collection of debts.

Regent came to our attention in June of 2009 when they quickly began tallying complaints.  Consumers claimed that Regent was collecting on former US Bank debts that had been paid off months or years earlier.  As consumers contacted their bank, they found that no debt existed.

The Kansas City BBB questioned US Bank representatives and executives about the debts and were informed that US Bank had no affiliation or even familiarity with Regent Asset Management. The BBB of Denver provided data to assist the Colorado Attorney General's investigation of Regent.

If a collection agency calls you about a debt you are unfamiliar with, search our BBB national database to find out if the company has a history of complaints or government action taken against them for violations of the Fair Debt Collection Practices Act. The company may not be a collection agency at all, just a group of scammers looking to steal your money.  If the information on their report is inconclusive, feel free to give your local BBB a call for advice.

6 comments:

  1. they took my money and my card company is acting likethey cant get my money!!! omg my bill wont get paid because of these scammers.

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  2. Great, I don't know what to say except that I have enjoyed reading. Nice blog...

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  4. Everyone of us understands the relevance of monies to be owed with respect to the occurrence of recession these days.Debt collection is the viable way for any business company for its commercial debt recovery.Attachment of collections company should be there if we need to guard ourselves any ill-effects of upcoming times, where business is not fixed as returns.

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  5. Athena Basta of Ottawa, Canada is a debt collector who masquerades as a fake lawyer to scare people into paying fake debts. Do not pay her. She is a scam artist.

    ReplyDelete