Consumer complaint received 2015-07-25
Company: FINANCIAL ASSET MANAGEMENT SYSTEMS INC
State: AL
Product: Debt collection
Sub-product: Federal student loan
Issue: Disclosure verification of debt
Sub-issue: Not given enough info to verify debt

Complaint:
THIS IS NOT A DUPLICATE COMPLAINT. IT IS A NEW COMPLAINT. 
{$430.00} was deducted from my pay check on XX/XX/XXXX. I noticed adecline in my pay on that day. This amount has continuously be deductedfrom my pay check monthly as of XX/XX/XXXX. XXXX will be deducted soon. 

I called the payroll clerk the very same day and was told that I havebeen garnished. So, I ask for a copy of the forms that were given. 

After receiving the form and looking at the lender I told the clerkthat I have not borrowed from this lender. I have not borrowed moneyfrom this company and never heard of it. My job address was usedinstead of my current address. Also, what 's so fraudulent is that thebalance was {$9500.00}. Since this company is taking my money, the balance is less. I do not have student loan debt in that amount. Iwas not notified of this debt at all properly at all. This was thefirst time receiving this information at my job. The forms I seen wereplaced in many hands at my job. If such a company expose a consumerinformation to the public, then it does not need to be in business. 

The privacy policy it has is very weak. My social security number wasexposed to a lot of people and other personal information. Also, thecompany mentioned legal action will be taken against my employer andthey must pay the costs of a law suit as a result of legal actionauthorized under the law if they do n't continue with the garnishing. Mypersonal business have been exposed, I was improperly notified of suchdebt which is not fair. I did not receive any forms in advanceconcerning this action, but on my job. This company has too manyaddresses and names. 

The following addresses were on the forms : XXXX XXXX XXXX XXXX GA XXXX Also a second address was on the form : XXXX XXXX XXXX XXXX XXXX, MO XXXX. 
IThis is highly confusing to anyone. I DO NOT TRUSTTHIS LENDING COMPANY & gt ; THEY HAVE TAKEN OVER {$4000.00} from me through myemployer. I have Proof. I can not get any type of aid to start collegein the XX/XX/XXXX because XXXX reported to XXXX that I have defaulted on a FederalStudent loan. How is that so, when they are currently taking over {$400.00} a month from me for a loan I do not know about. 

Did not receive notice of right to dispute, I was improperly contacted by a company who disguise their name based on three different names. Those names are:1. XXXX XXXX ( XXXX XXXX XXXX XXXX ) is the company name on my pay stub that is taking my money as of XXXX in the amount of {$430.00}, but placed in the student data system that I have defaulted. But taking my money. 

2. FAMS3. XXXXMy personal business and information have been exposed at my job which is embarrassing for something I had no knowledge of. I feel like a victim of identity theft. This company refuses to show proof of application, payments received, and a letter of approval, etc. I am emotionally tarnished and have experience XXXX due to this issue. 


The following company helped XXXX XXXX XXXX XXXX take my money : Company InformationDebt Collection CompanyFinancial Asset Management Systems XXXX Inc. XXXX XXXX XXXX XXXX XXXX, XXXX XXXX GA XXXXUnited StatesRepresentative Name or IDno name was written on the formsPhone XXXX

Company public response: Company chooses not to provide a public response
Company response to consumer: Closed with explanation