Kern County Superior Court granted Final Approval of a Class Action Settlement
On July 23, 2018, Kern County Superior Court granted Final Approval of a Class Action Settlement in Anderson v. Phoenix Financial Services, LLC.
Mr. Andreson, a California Consumer represented by Hyde and Swigart, APC and Kazerouni Law Group, APC, alleged that Defendant’s collection letters violated the Rosenthal Fair Debt Collection Practices Act. While Defendant disputed these claims, the Parties have reached a class-wide settlement.
Class members will receive a pro rata payment from the Settlement Fund of $60,000. Mr. Andreson will receive an additional $1,000 payment as an Incentive Payment for bringing and participating in this class action.
Debt collectors must be prohibited from engaging in unfair or deceptive acts or practices
The California legislature has determined that the banking and credit system and grantors of credit to consumers are dependent upon the collection of just and owing debts and that unfair or deceptive collection practices undermine the public confidence that is essential to the continued functioning of the banking and credit system and sound extensions of credit to consumers. The Legislature has further determined that there is a need to ensure that debt collectors exercise this responsibility with fairness, honesty, and due regard for the debtor’s rights and that debt collectors must be prohibited from engaging in unfair or deceptive acts or practices.