Debt Collection Law Firm Tried to Collect on Illegal Loans
A Kansas City based debt collection law firm has been ordered to stop trying to collect illegal pay day loans from consumers in Maryland.
According to the story by Jamie the Real Estate Wonk, Smith Haynes & Watson’s deb-collection license has been temporarily suspended and if they do not request a hearing within the next 15 days the order may become final.
The pay day loans were made by unlicensed companies that had interest rate cops that exceeded the interest rate cap in Maryland.
Don’t let debt collectors harass you. Stop debt collection harassment and fight back with the Fair Debt Collection Practices Act.