Thursday, February 03, 2005
CREDITWRENCH on licensing
On his web site, CREDITWRENCH CEO Bill Bauer states:
"Whether or not a collection agency is licensed in any given state or not is not relevant or useful"
Such a statement stems from Bill Bauer's obvious lack of understanding of both the FDCPA and supporting case law. And, is false and misleading.
In fact it's very relevant and useful to know if a collection agency is licensed in a state they are trying to collect in. If a state requires licensing and the agency isn't licensed, they cannot legally pursue collection efforts. If they do so, they have violated ยง 807(2)(a) by misrepresenting the legal status of the debt.
