Kudos to the Minnesota state Commerce Department for shutting down a collection agency and fining the agency and the owner each $50,000 for allegedly violating the Fair Debt Collection Practices Act.
According to Commerce Commissioner Mike Rothman, “We have shut down First Financial Services for oppressive debt-collection practices, which were reprehensible. This company caused consumers considerable loss and aggravation. By revoking their licenses and fining them $100,000, we want to be clear that these practices are not tolerated.”
At Ropay Asset Investors we are on a mission to prove that you can Do Good and Make Money. We only use collection agencies who practice the “applied psychology” strategy in their collections to ensure that debtors get treated with the dignity and respect they deserve.