CONSUMER ALERT:
BE ADVISED THAT FEDERAL CREDIT CORPORATION
(FCC) IS ENGAGING IN AN ILLEGAL ATTEMPT TO EXTORT MONIES BY
THREATENING TO SUBMIT
BOGUS IRS 1099-C FORMS
ON DEBTS THEY BOUGHT FOR PENNIES, TO THE IRS.
THIS IS EXTORTION, DO NOT FALL FOR IT.
A bottom feeder who purchases old, mostly worthless
accounts for pennies, then inflates them and attempts to collect at
a huge profit.
Owner Gary Williky states his people are well trained and
follow the law. We receive complaints that overly aggressive debt
collectors working for FCC get away with threats of legal actions,
1099-C being issued among other problems.
In an attempt to give owner Williky the benefit of the
doubt that he is running an honest and ethical operation we are
softening our stance.
I’m leaving
the IRS warning up, asking anyone dealing with Federal Credit Corp
to contact us for assistance and let us know if they mistreat you in
anyway, as well as any positive treatment you receive.
CAUTION:
I recommend you
NEVER
disclose your bank account or credit card information to a debt collector, as you
risk them emptying your account, or maxing out your
credit card. If you feel they are reporting on your
credit bureau files in error or need assistance in
dealing with them, email the details
w/your
location. Assistance and referral to a consumer
legal specialist may be available.
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Federal Credit Corp
