ALBUQUERQUE, N.M. – A New Mexico โman has been awarded $96 million as part of a bankruptcy settlement stemming from a dispute with a debt collection company, KRQE news 13 reported Tuesday. Paul Cordova of Albuquerque alleged aggressive and illegal debtโข collection tactics by National Creditโข Adjusters (NCA). Cordova claimedโฃ NCA repeatedly contacted him โdespite being informed heโ wasโฃ represented by an attorney and harassed โคhim with threats of โฃlegal โaction.
The settlement, approved by a bankruptcy court judge, includes $96 โmillion in damages awarded โฃto Cordova and a court โorder preventing NCA from engaging in similar practices. Cordova’s attorney, Peter Stotler, told KRQE the case highlights the importance of consumer protection laws. “This is a significant victory for consumers who are facing aggressive and illegal debt collectionโฃ practices,” โฃStotler said.
National Credit Adjusters has not publicly commented on the settlement. The company, based in Garden Grove,โฃ California, has faced numerous complaints regarding its debt โขcollection methods. The judgmentโ serves as a warning to debt collectors about adhering to the Fair debt Collection Practices Act, a federal law designed to protect consumers from abusive debt collection tactics. โคCordova intends to use the funds to rebuild his financial life and advocate for consumer rights, according to the โreport.