Corporate Financial Management Group LLC is a company that shouldn't be allowed to operate. I'm sure once this is published, they'll be shut down very very soon. There list of illegalities and FDCPA violations is extensive. Below is a list:
FDCPA Violations:
1. This company employees individuals under the guise of legally following the FDCPA to the letter.
This is a blatant lie. Their scripts used when an employee calls an individual owing a debt (payday loans in default) are appalling. They state that the employees work for a "check fraud division" of a law office or state office. The call themselves "investigators".
On staff they employ a former chicago police officer whose methods may garner him a paycheck, but at the cost of 700% of the debt originally owed. This overage, which all employees are encouraged to take is explained away as "legal fees" and interest. So, for example, if the original loan debt amount was $300, the employees are told to double, triple or even quadruple if they can. $300 debts turn into $1500 and then begins the real atrocity.
The employees are encouraged to threaten individuals with jail time, prosecution from an attorney they have on staff who also follows the same practices as the rest of the staff. Her name is Betty Bush, although I'm sure she uses an alias like they all do. Employees use a system called "Accurint" to use your social security number to track you down. They call you employers, your relatives, your neighbors and friends all in efforts to reach you. They even divulge all debt info to everyone they call, just for the sake of making a buck.
One employee who goes by "Mrs. Brown" is the prime example of blatant FDCPA violations. She is considered their top producer and is commended for her collections. The company recently split into two divisions, Collections and Customer Service, they are also lying on this end as well. But that will be discussed later on.
So to sum up the FDCPA Violations:
1. They lie about who they are and what they do. They are collectors not investigators or liaisons.
2. They threaten legal action to those owing debt. Imprisonment and lawsuits.
3. They balloon the debts.
4. They do not keep debtor information confidential.
5. They divulge debt details to those who do not owe the debt.
Other Illegalities.
The owners of this company Auburn Chandler and Twina Feliciano have very questionable payroll practices. They pay strictly in cash and have recently switched to direct deposit.
They employee individuals on unemployment and allow them to work under the radar and even lie to state departments so that their employees can receive food stamps illegally. They also write letters of pay verification that are highly falsified, allowing employees to rent homes or buy cars with illegal documents. As tax season approached, they even held a meeting that encourage employees to lie about their income, with it being all cash to that point, there was no paper trail. This is against the law and an irs violation. They should be imprisoned.
The odd things is, these owners are nice individuals and at first glance, upstanding citizens. But peer behind the veil and you'll see that they're just a couple of common crooks trying to avoid the system.
I hope that they are exposed for they're crimes and shut down. I understand that debt collection agencies have quotas to fill, but those quotas can be met by operating the way the law dictates, not outside of it. If they call you or have called you... Ignore them. There is nothing they can do except make false and empty threats.
Their customer service department is another lie. Currently trying to secure a bid with AT&T through ARISE, they lie with that as well. ARISE has been made to believe that all of their employees are qualified. They're qualified with trumped up resume's and test results they didn't provide. One person takes the tests and gives the answers to the other employees, making them no more knowledgeable about how to handle a customer service call for an AT&T than they were to start. ARISE will be informed of this as well.
I hope they go away and that their current staff realizes what they've become involved in.
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