Zenith Financial Group’s shut down their services due to illegal debt-collection

Zenith Financial Group’s owner, Earnest Earvin IV, an Atlanta and surrounding
area debt collector, announced this week that he has been in agreement with
The Georgia Consumer Protection Office to shut down their services due to
illegal debt-collection.

Zenith Financial Group had 33 complaints filed with the Better Business Bureau
in the past three years accusing the company of threatening to physically assault,
arrest and charge consumers as criminals if the debt was not paid. Many of
which have stated that the debt wasn’t real in the first place.
Per the agreement with the Protection Office, Earnest and Zenith, must refrain
from working in the collections business for 5 years and will not be able to collect
$3.1 million in supposed debts. Earnest must pay $15,000 now and $445,000
immediately if the agreement is broken.

In any way debt collectors contact the borrower by phone, email or text message
they must follow the strict limits enforced by the law. Every collection agency
must send a written notice with amount owed, name of creditor and how to
dispute or verify the debt within five business days. They cannot make contact
after 9:00 p.m. or before 8:00 a.m. Collectors cannot claim that the debtors have
committed a crime, threaten to arrest them or misrepresent the amount owed.

If any debtors have any reason to believe that they have been a victim in an
unfair debt collection, they may want to set up a free initial consultation with a
lawyer that specializes in debt collection settlements such as the law offices of
Monge and Associates. The firm can be reached them by calling 888-598-HURT
or visiting www.mongeandassociates.com.

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