Fair Collections and Outsourcing Lawsuits Information
In this article about Fair Collections and Outsourcing Lawsuits, we will break down the
most recent lawsuits filed about FCO Collections. It is very important for consumers
to know what you are getting yourself into if you have been contacted by Fair Collections and Outsourcing.
On August 17, 2021, the Consumer Financial Protection Bureau issued a press release
announcing it filed a proposed settlement agreement to resolve a major lawsuit against
Fair Collections and Outsourcing (FCO). The settlement would require FCO to pay
$850,000 and overhaul its policies and procedures.
There are many more lawsuits against Fair Collections and Outsourcing, otherwise known as FCO Collections.
Who is Fair Collections and Outsourcing?
Fair Collections & Outsourcing or FCO Collections is a third-party debt collection agency based
out of Maryland. FCO Collections has received numerous consumer complaints alleging
violations of the Fair Debt Collection Practices Act (FDCPA), such as sharing
information about alleged debts to unauthorized third parties and failing
to provide written verification of alleged debts.
CFPB Enforcement Actions Against Fair Collections and Outsourcing
According the the CFPB (Consumer Financial Protection Bureau) there are numerous
CFPB Enforcement Actions againts Fair Collections and Outsourcing, also known as FCO Holdings, Inc.
“As we recover from the economic devastation caused by COVID-19, credit reports
play a huge role in consumers’ financial lives. Inaccurate information, such as
information related to tenant debt, can be devastating for someone who’s
applying for a loan, seeking a new place to live, or trying to get a new job,”
said CFPB Acting Director Dave Uejio. “We will not tolerate companies that put
inaccurate data on consumers’ credit reports or fail to investigate consumers’ disputes.”Source: Consumer Financial Protection Bureau Press Release
Any debt collector that has such a bad reputation should be approached with major caution.
We have said this many times on our site; we are here to get the information to consumers
to help awareness of the practices that debt collectors use good and bad.
Proving information about Fair Collections and Outsourcing Lawsuits is meant to help
consumers know how to deal with not only FCO Collections but any debt collector.
FCO Colllections and Outsourcing Reviews
Our consumers that have left actual reviews about Fair Collections and Outsourcing explain
what to look out for when dealing with FCO Collections. We highly recommend caution,
based on our own internal research and the reviews from actual consumers have provided.
Based on the consumer reviews on our site, the biggest complaint is
There are complaints that have been filed by consumers trying to negotiate a
pay for delete agreement with them. Fair Collections and Outsourcing, Inc.
was even sued in 2019 for unfair debt collection practices!
As stated in a lawsuit filed by the Consumer Financial Protection Bureau:
“The Bureau’s complaint alleges that FCO and Michael E. Sobota violated the
Fair Debt Collection Practices Act when FCO represented that consumers owed
certain debts when, in fact, FCO did not have a reasonable basis to
assert that the consumers owed those debts.”
As you can see, no wonder there are so many Fair Collections and Outsourcing Lawsuits.
FCO Collections and Outsourcing Contact Information
12304 Baltimore Ave. Suite E
Beltsville, MD 20705-1314
Phone: (877) 324-7265
Fax: (240) 374-5600
Michael E. Sobota, CEO/Chairman
Consumer Complaints Against Fair Collections & Outsourcing
FCO Collections has numerous complaints with the Bureau of Consumer Financial Protection
from consumers that have dealt with FCO Collections. The average consumer complaint
is based on Pay for Delete Not Honored and Reps being very unprofessional or deceptive.
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