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Debt collector fined NZ$115,500 for misleading consumers and unfairly damaging their credit scores.
Debt collector Law Debt Collection and its director, John Stuart Campbell, have been fined NZ$115,500 for misleading debtors and breaching the Fair Trading Act.
They lodged or threatened to lodge credit defaults without legal grounds, affecting borrowers' credit scores.
The case serves as a warning to all debt collectors to adhere strictly to regulations and avoid exploiting vulnerable consumers.
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El cobrador de deudas multó NZ $ 115,500 por engañar a los consumidores y dañar injustamente sus calificaciones crediticias.