Dispute Financial Management Systems Credit Card Debt in Massachusetts
Financial Management Systems is collecting credit card debt in Massachusetts where the statute of limitations is 6 years. Average credit card debt: $5,221. Garnishment limit: 15% of gross wages.
6 years
Statute of Limitations
$5,221
Average Credit Card Debt
15% of gross wages
Garnishment Limit
Known Financial Management Systems Violations
Adding unauthorized collection fees
Misrepresenting urgency of payment
Failing to provide proper validation notice
Dispute Strategies
Request debt validation under FDCPA § 1692g
Dispute billing errors under FCBA within 60 days
Check if debt exceeds statute of limitations
Negotiate settlement at 40-60% of balance
File CFPB complaint if collector violates FDCPA
Massachusetts Protections
Chapter 93A Consumer Protection. File complaints with: AG Consumer Protection.
• Chapter 93A — treble damages for willful violations