About Phillips & Cohen Associates, LTD
Summary of Phillips & Cohen Associates LTD.
Phillips & Cohen Associates LTD. was formed in 1997 as a debt collection agency and provides financial recovery services including Deceased Care and Probate, Pre- and Post Charge-Off Credit Card, Business Card, Consumer Retail, Debt Management, and Cease and Desist solutions. The agencies clients range from mid-sized firms to leading national and international creditor and banking institutions. They service the consumer credit industry, banking and loan marketplace, as well as specialized industries such as healthcare, utility, education, and telecom.
Philips & Cohen Associates LTD. has four regional offices in the United States, and two international offices located in Manchester, UK and Welland, Ontario, Canada.
Stop the Harassment Now
If you are being harassed by a debt collection agency or feel you may have been violated in any way, contact our office by completing the form or calling us at (800) 444-8731 and one of our specialists will immediately review your case free of charge, determine if the debt collection agency has violated the FDCPA, and if they have we will take immediate and appropriate action on your behalf. In addition once we have determined if you have a case and you have chosen to retain us as your attorney Phillips & Cohen Associates from that point on will be legally prohibited to communicate with you directly and will have to communicate directly with your attorney.
How Debt Collection Agencies Profit From You
Most collection agencies operate on a contingency basis, which means that they do not get paid by their client unless and until they collect from the consumer. If and when the agency receives monies from a consumer, the agency then gives their client a pre-determined percentage of the monies recovered. The remainder belongs to the agency.
Oftentimes, debt collection agencies buy these debts for just pennies on the dollar. The debt collector is free to seek as much money from the consumer as they can regardless of what they paid to buy the debt. This amounts to large profit margins for them.
Typically, employees of debt collection agencies are motivated with performance-based bonuses determined by the amount of money they are able to collect from a consumer.
Regardless of what specific methods a debt collection agency uses in their attempts to collect a debt, it is clear that the agency is in the business of making money first and foremost. And that money comes from you – the consumer. Hopefully, you now have a better understanding as to why collection agencies use such aggressive behavior in their interaction with consumers.
Consumers around the globe have long complained about the unfair and often unethical tactics used by debt collection agencies and thus, the FDCPA - a federal law meant for the protection of consumers. It encompasses a set of rules governing the activities of collection agencies.
Know Your Rights
The FDCPA was placed into practice in 1978, the FDCPA or the Fair Debt Collection Practices Act is a federal law designed to protect the rights of the consumer from abusive and unfair debt collecting practices. The law regulates what collection agencies can or cannot do when collecting a personal debt from a consumer. It defines strict guidelines under which collection agencies must abide by when conducting business including who the collection agency may contact, where they may call, and how often or what times, In addition The Fair Credit Reporting Act, also known as the FCRA, was placed into effect in 1970. This federal law enforces and regulates the collection, distribution, and usage of consumer information. The law ensures that companies and businesses report accurate information about their consumers to Credit Bureaus which can be used for credit evaluation and certain other purposes such as employment. Consumers are violated on a daily basis without them even being aware that they have been violated or what they’re rights are. Our legal team at Fredrick Schulman and Associates are fully versed in the FDCPA and FCRA and are committed to keeping debt collectors inline and holding debt collectors accountable for any violations made against you the consumers, rights.
Phillips & Cohen Associates, LTD has been accredited with the Better Business Bureau since June of 1998 and has received an A+ rating from them.
Contact InformationPhillips & Cohen Associates, LTD Corporate Headquarters1002 Justison StreetWilmington, DE 19801888-608-1766800-306-8613 New Jersey Office695 Rancocas RoadWesthampton, NJ 08060609-518-9000 Colorado Office6755 Earl Dr.Colorado Springs, CO 80918719-548-9193
Notice to Readers
The Details on this web page is created using many public off-line and online resources, such as collection agency web sites, BBB information, regulating organization reviews and sites, and information available through court filings. It neither is nor is designed to be the full or complete information of any organization's company. To the level any part of the web page is non-factual in characteristics, it comprises our viewpoint only. We ask that you not depend on any information here in determining whether or not to do business with any company described on this web page. Nothing here comprises or is designed to comprise legal advice. If any audience or individual of this web page has a question about specific resources for any information used here, simply just simply fill out the form and we will get back to you.