Junk debt buyer companies buy bad debts, usually for pennies on the dollar. Their business model is based on trying to collect the full amount from the consumer, which results in a high profit margin for them. Likely, you are unfamiliar with and have no relationship to these companies. Some of junk debt buyers we frequently come across include:
- Midland Funding, LLC
- Midland Credit Management, Inc
- LVNV Funding, LLC
- Portfolio Recovery Associates, LLC
- Jefferson Capital Systems, Inc
- Crown Asset Management, LLC
- Unifund CCR, LLC
- Cavalry SPV, LLC
- Razor Capital, LLC
- Asset Acceptance, LLC
- Absolute Resolutions Investment, LLC
You May Also Like: New Guidelines: Social Media Debt Collections
We can help you beat the debt collectors
As far as they're concerned, it's a one-way street: they expect you to share your private, personal details but won't tell you anything in return. Instead, they simply demand payment for the balance-in-full, without explaining how they arrived at that amount. For many consumers, this situation feels unwinnable.
We are on your side and can help you gain a better understanding of your rights. Peterson Legal has helped dozens of clients defend themselves against claims by these creditors and they have a 100% success rate in getting these lawsuits eventually dismissed.