The Chicago Tribune is reporting that Chicago based debt collection firm Friedman & Wexler has apparently closed it’s doors in the face of more trouble and suits by its own customers.
What makes this situation worth writing about is that just like in the Mann Bracken case where the debt collection firm closed its doors overnight, this looks like a repeat case.
Since the firm closed its doors midstream, many consumers are left wondering what happens to their debt and payments. If you are one of those people that is trying to get to the bottom of this mess, contact the original creditor that Friedman & Wexler were collecting for. The collection company was acting as an agent of the original creditor so any continuation of collection efforts will be bounced back to the original creditor.
But in the case of Friedman & Wexler, if you made payments to them to repay a debt, take the time now to gather together all your supporting documentation on those payments. The Chicago Tribune reports the firm may have absconded with funds collected and you may need to prove to your creditor that you actually paid.
In the middle of fighting the suits, the firm appears to have closed last month. Calls to Friedman & Wexler’s main phone number go unanswered and then disconnect. The Tribune obtained a copy of an e-mail that Mitchell Wexler sent to an employee on June 17, indicating that the firm was winding down. He could not be reached for comment this week.
The firm apparently has not told consumers that it has closed. Dawn Estenor, of Denver, has been trying to reach Friedman & Wexler’s representatives for the past several days to check on her account. The firm has been collecting an old credit card debt of hers for the past five years, and she’s nearly done paying her obligation.
You can read the full article from the Trib: Beset by lawsuits, debt collector shuts down.
Chicago Debt Collection Firm, Friedman & Wexler, Silently Closes Doors and Leaves Consumers Wondering by Steve Rhode
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