Consumer complaint received 2025-01-18 00:00:00
Product: Debt collection — Credit card debt
Issue: Attempts to collect debt not owed — Debt is not yours
Company: Spring Oaks Capital, LLC
State: FL

Complaint narrative:
To Whom It May Concern : I hereby certify that Spring Oaks Capital , LLC is violating multiple provisions of the law that protect consumers, and I demand that they immediately cease any attempts to collect a debt that does not belong to me. Below are the violations of the law and the actions required : Items Violated by Spring Oaks Capital , LLC Section 809 ( b ) of the FDCPA ( 15 U.S.C. 1692g ) Right to Debt Validation They have violated my right to adequate validation by failing to provide clear and complete evidence of the debt, including the original contract and details of the account transfer.

Section 807 of the FDCPA ( 15 U.S.C. 1692e ) Deceptive Practices Attempting to collect a debt without sufficient evidence or documentation constitutes a deceptive practice. Furthermore, claiming amounts greater than the actual value of the debt acquired is a clear violation.

Section 808 of the FDCPA ( 15 U.S.C. 1692f ) Unfair Practices Buying debt for pennies on the dollar and then demanding the full original amount is an abusive and unfair practice under this section.

Section 611 of the FCRA ( 15 U.S.C. 1681i ) Right to Dispute Inaccurate Information Spring Oaks Capital , LLC has not adequately verified the information presented in my credit report or removed the incorrect records within the 30-day time period required by law.

Section 623 of the FCRA ( 15 U.S.C. 1681s-2 ) Responsibility to Provide Accurate Information By reporting false or inaccurate information about this debt to the credit bureaus, you have violated your obligation to report only accurate and verifiable data.

Section 805 of the FDCPA ( 15 U.S.C. 1692c ) Unlawful Communications with Consumers Any attempt to collect without my express consent or authorization is against established regulations.

Failure to Notify : Upon purchasing the alleged account, Spring Oaks Capital , LLC failed to provide the legally required notification of the transfer of ownership. I was never informed of this purchase, which is under they violate the Fair Debt Collection Practices Act ( FDCPA ). 

Lack of Authorization : I have never signed, authorized, or agreed to deal with Spring Oaks Capital , LLC regarding this matter. Without a signed agreement or prior consent, they have no legal basis to pursue this alleged debt. 

Invalidity of the Debt : When the original creditor sold this account, they relinquished their rights to the debt. According to consumer protection laws, once the account is sold, the consumer no longer owes the debt, as the transaction occurs for pennies on the dollar and not the full amount claimed by the collection agency.

Violation of Consumer Rights : By attempting to collect on a debt that has not been validated or properly transferred, Spring Oaks Capital , LLC is violating key provisions of the FDCPA and the Fair Credit Reporting Act ( FCRA ). This includes : Failing to verify the debt as requested.

Reporting incorrect and misleading information to credit bureaus, which is prohibited under Section 611 of the FCRA ( 15 U.S.C. 1681i ).

Company response to consumer: Closed with non-monetary relief