Close X

The Best Debt Collection Defense

Posted by Ryan D. Peterson | Aug 31, 2021 | 0 Comments

The Best Debt Collection Defense

Many debt collectors expect you to share your private, personal details but won't tell you anything in return. 

At Peterson Legal, our defense practice focuses almost entirely on representing people sued for failing to pay unsecured debt, like credit cards, student loans, and medical bills. If a consumer fails to pay on one of these unsecured debts, a physical item is not reclaimed or repossessed.  Instead, when a creditor cannot recover the amount owed on an unsecured debt, that account is sometimes sold to a junk debt buyer. 

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 with these companies. Some of the 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

Photo by Dylan Gillis on Unsplash

You might also like: The Latest IRS Scams: How to Spot Them and Fight Back

We can help you beat the debt collectors

If you've had contact from any of these companies, you may have quickly realized that junk debt buyers and their attorneys make it difficult to obtain information about your alleged debt. 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.

However, we know that not only is it possible to navigate and negotiate with these companies, but we can help you beat them. Once we get past all their bluster and chest-pounding, we discover they are often unable to prove that they purchased the debt or that you owe anything in the first place.

This is where our tough, experienced staff at Peterson Legal comes in. Junk debt buyers have attorneys looking out for their best interests, and we are here to look out for yours. By hiring us, you receive 

  • a better understanding of your rights;
  • answers regarding who is suing you and the basis for their claim; 
  • someone who will interact on your behalf with the other side; 
  • a successful outcome in the form of either a negotiated settlement or, even better, dismissal of the claim. 

You might also like: Phony Debt Collection Scams

Hope for a better outcome

Once we enter the picture, we're often able to get more information and better payment terms from your creditors than you may be able to get for yourself. We are committed to leaving you better off than you were when you called us. This means that we take the vast majority of these cases on a one-time, flat rate, with no disguised or surprising fees at the end of representation. 

Call or email us today so that we can begin to offer you the support and information that you need to manage your unique situation. The most important thing you can do to help your case (or potential case) is to call or email us as soon as possible. The sooner we are brought in, the more flexibility we have to negotiate on your behalf.

There is hope for a better outcome than your current reality, and our honest, knowledgeable staff at Peterson Legal can provide a path to a better financial future.

About the Author

Ryan D. Peterson

Attorney Ryan D. Peterson Ryan D. Peterson is a former debt collection attorney turned consumer rights expert and advocate. After graduating from William Mitchell law school in 2008, Ryan opened his own criminal defense firm. In 2010 Ryan joined a Minneapolis-based debt collection firm. Ther...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Peterson Legal, PLLC Is Here for You

At Peterson Legal, we focus on Collection Agency Defense, Credit Report Errors, Debt Collection Harassment, Identity Theft, and Student Loan Collections and we are here to listen to you and help you navigate the legal system.

Contact Us Today

Peterson Legal is committed to answering your questions about Collection Agency Defense, Credit Report Errors, Debt Collection Harassment, Identity Theft, and Student Loan Collections issues in Minnesota.

We offer a Free Consultation and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.