Financial Asset Management Systems, Inc. Debt Collection Complaint

Financial Asset Management Systems, Inc. Debt collection department,

Non-federal student loan False statements or representation Attempted to collect wrong amount California

I have been paying Financial Asset Management Systems ( FAMS ) for two years on a student loan debt that is owned by -. FAMS has been miscalculating my payments and not applying my payments correctly to the alleged balance which is a flagrant violation of the Fair Debt Collections Practices Act. FAMS has been adding interest to the balance which is also a violation of the Fair Debt Collections Practices Act. I would be willing to settle the student loan debt for $5000.00. - had offered a settlement agreement of about $10000.00 more than 6 months ago. I have been making monthly payments throughout this time to FAMS, including after - offered that settlement agreement. I would be willing to settle the debt for $5000.00 as I have already paid - thousands of dollars over the past two years.


I would be willing to settle the debt for $5000.00. I have been making payments to FAMS for two years each month even while experiencing tremendous financial difficulties. I would need the settlement confirmation in writing from -. In addition, before FAMS I also paid another debt collector that - had hired to collect on the debt, thousands of dollars. The only reason - switched from the old debt collector, - - -, to FAMS was because the old debt collector flagrantly violated the Fair Debt Collections Practices Act, which is something that FAMS has also done. I would be willing to settle this debt for $5000.00.