Friday, July 25, 2008

An Illinois debt-collection agency is being sued for attempting to collect invalid debts. AFNI is accused of harassing consumers for debts they did not owe. They did not check to make sure the debts were legitimate before contacting the consumers. These debts were reported to credit bureaus and AFNI refused to take steps to remove the invalid debts from consumers credit reports.

This is a direct violation of the Fair Credit Reporting Act which states "The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system."

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