Apartment Debt Collector Reviews

Fair Collections and Outsourcing Lawsuits Top 5 Reason to Research Them First

2022 Fair Collections and Outsourcing Lawsuits is an important aspect in researching FCO Collections in order to remove any negative entries on your credit report.
In this Article
Fair Collections and Outsourcing Lawsuits

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 And Outsourcing Lawsuits

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.

Read our Fair Collections and Outsourcing Consumer Review

Rated 2.1 out of 5
2.1 out of 5 stars (based on 47 reviews)
Very good11%

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
Website: fco.com

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.

Watch on YouTube

Thank you for viewing our Fair Collections and Outsourcing Lawsuits, please share to help get the word out!

Leave a Reply