If you have been sued for a debt based lawsuit, you may not recognize the entity that is suing you. You may be confused by a lawsuit brought by names like LVNV Funding, Midland Credit Management, Cavalry SPV or Portfolio Recovery Associates. A Third-Party Debt Collector is an agency that specializes in recovering unpaid debt in collections. Third-Party Debt Collectors purchase debt for pennies on the dollar and attempt to recover the full balance.
Without an agreement, you may be wondering how one of these third parties can legally collect a debt against you. Mistakenly, people believe that once their credit card account is "Charged Off", they are off the hook for paying it back. Unfortunatley, this is not true. You are still legally obligated to pay the debt. Third-Party Debt collectors routinely obtain judgements against people for the full amount of their claim.
Fortunatley for the defendant, it is much more difficult for the Plaintiff to prove their case if they are a Third-Party Debt Collector.
Speak to an experienced Florida Attorney today. If you have been sued by a debt collector, The William T. Shaffer Law Group has over 30 years of experience handling consumer rights cases. Reach out to our legal team today for a free consultation.
Call (850)398-5187 to speak to an attorney.
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