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FTC RETURNS MONEY TO PEOPLE HARMED BY PHANTOM DEBT COLLECTOR

The FTC is sending a second round of checks to people who were targeted by an abusive debt collector for debts that they did not owe.

The FTC and the New York Attorney General sued Hylan Asset Management and related defendants for operating an abusive debt collection scheme, and the defendants agreed to settle. According to the lawsuit, Hylan sold fake debts to several collection agencies, including Worldwide Processing Group, who then used abusive and illegal practices to collect. Hylan continued to buy and sell debt to third parties even though it was repeatedly notified that people did not owe many of the debts, the FTC alleged.

The FTC first sent checks in October 2021, which resulted in $584,000 in refunds. Because there is still money in the fund, the agency is sending a second round of checks to everyone who cashed their first check.

If you get a check, please cash it within 90 days.

You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-888-691-3554.