Chicago Woman Says She Was Ripped Off by Debt-Settlement Firm

April 16, 2012
CBS 2 Chicago 

Letitia Mika, a resident of Chicago, says she fell prey to a scam artist pretending to be a legitimate debt-collection agency. The Lincolnwood firm PN Financial offered to settle her overdue credit card balance, for which Mika paid $1,800. She later learned that PN Financial was keeping the money, not using it to pay off her debt. The Illinois attorney general's office is now suing PN Financial for fraud in four dozen cases, including Mika's. AG spokesperson Natalie Bauer says PN Financial also was threatening to sue people while it posed as a law firm. In some cases, the firm had sent out letters with fake court case numbers, dishonestly claiming to have filed suit against the letter's recipient. Consumers should be aware of their rights: debt collectors may not call at all hours, may not use threats or call a person's employer to tell them about the debt, and they must apply any payment to the actual debt.
Web Link







Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`