Crown Asset Management is a debt collection agency that buys charged-off debt from other companies at a discount. They then file collection lawsuits against consumers in the hopes of getting those delinquent debts repaid in full.
Crown Asset Management has been sued numerous times for violations of the Fair Debt Collection Practices Act (FDCPA), which protects consumers from abusive and harassing debt collection practices. Some of the most common allegations against Crown Asset Management include:
- Filing lawsuits without proper documentation
- Failing to validate debts
- Misrepresenting the amount of the debt
- Using aggressive and deceptive collection tactics
- Harassing consumers
If you have been sued by Crown Asset Management, it is important to understand your rights and options. You may be able to defend yourself against the lawsuit or negotiate a settlement.
Here are some tips for defending yourself against a Crown Asset Management lawsuit:
- Respond to the lawsuit on time. If you do not respond to the lawsuit within the time period specified in the summons, Crown Asset Management may obtain a default judgment against you. This means that they will be able to collect on the debt without a trial.
- Request a copy of the debt. Crown Asset Management is required to provide you with a copy of the debt that they are suing you for. This will give you a chance to review the debt and make sure that it is accurate.
- Dispute the debt if you do not owe it. If you do not owe the debt, or if you believe that the amount of the debt is incorrect, you can dispute the debt in court.
- Negotiate a settlement. If you do owe the debt, you may be able to negotiate a settlement with Crown Asset Management. This could involve reducing the amount of the debt or setting up a payment plan.
Here are some resources that can help you if you are being sued by Crown Asset Management:
- Consumer Financial Protection Bureau: https://www.consumerfinance.gov/
- Federal Trade Commission: https://www.ftc.gov/
- National Legal Aid & Defender Association: https://www.nlada.org/
Conclusion
If you have been sued by Crown Asset Management, it is important to understand your rights and options. You may be able to defend yourself against the lawsuit or negotiate a settlement. There are a number of resources available to help you, including the Consumer Financial Protection Bureau, the Federal Trade Commission, and the National Legal Aid & Defender Association.
FAQs
Q: What should I do if I’m being sued by Crown Asset Management?
A: The first thing you should do is respond to the lawsuit on time. If you don’t respond, Crown Asset Management may be able to get a default judgment against you. You should also request a copy of the debt and review it carefully. If you don’t owe the debt or if you believe the amount is incorrect, you can dispute the debt in court. You may also be able to negotiate a settlement with Crown Asset Management.
Q: What are the most common allegations against Crown Asset Management?
A: Crown Asset Management has been sued numerous times for violating the Fair Debt Collection Practices Act (FDCPA). Some of the most common allegations include filing lawsuits without proper documentation, failing to validate debts, misrepresenting the amount of the debt, using aggressive and deceptive collection tactics, and harassing consumers.
Q: How can I defend myself against a Crown Asset Management lawsuit?
A: There are a few things you can do to defend yourself against a Crown Asset Management lawsuit. First, make sure you respond to the lawsuit on time. You should also request a copy of the debt and review it carefully. If you don’t owe the debt or if you believe the amount is incorrect, you can dispute the debt in court. You may also be able to negotiate a settlement with Crown Asset Management.
Q: What are some resources that can help me if I’m being sued by Crown Asset Management?
A: There are a number of resources available to help you if you’re being sued by Crown Asset Management, including the Consumer Financial Protection Bureau, the Federal Trade Commission, and the National Legal Aid & Defender Association.
Q: What is the Fair Debt Collection Practices Act (FDCPA)?
A: The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from abusive and harassing debt collection practices. The FDCPA prohibits debt collectors from using certain tactics, such as calling consumers at inconvenient times, threatening to sue consumers, and lying to consumers about their debts.
References
- Consumer Financial Protection Bureau: https://www.consumerfinance.gov/
- Federal Trade Commission: https://www.ftc.gov/
- National Legal Aid & Defender Association: https://www.nlada.org/
- [Randolph v. Crown Asset Management, LLC]([URL
