OPINION: I received a bill for $1,900 that I never owed. Then my three-year nightmare began
who had difficulty communicating after suffering multiple strokes".
ACM chose to fight all the way to the Federal Court before losing, and was fined $750,000. Less than six months later, the company was sold for $40 million.In 2017, Champ Private EquityThat same year, parent company, PF Australia Pty Ltd, reported a $22.4 million profit on revenues of $58.4 million.Just prior to the ACCC announcing action against Panthera Finance, the Department of Human ServicesIt is clear something needs to change.
Lenders should be forced to reverse any adverse financial action taken against a client as a result of incorrect default credit listings. As it stands, the originator of a"debt", such as utilities companies or banks, and the funder of purchasing that debt , both get to profit from the systemic and aggressive actions of a very profitable debt collector.*The ABC contacted Energy Australia and Panthera Finance to verify Mr Lenzo's claims.
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