What should I do if Crown Asset Management is Suing Me?

February 18, 2024

What should I do if Crown Asset Management is Suing Me?

If you’ve been served with a lawsuit by Crown Asset Management, it’s crucial to respond within the specified timeframe, which is typically up to 35 days depending on your location. Crafting an Answer document is essential, where you address each claim against you and assert your affirmative defenses. While Crown Asset Management is a seasoned debt collection agency, you’re not alone in this process. With ZumaZip, you can efficiently respond to a debt collection lawsuit in just 15 minutes.

Constant intimidating and harassing phone calls from debt collectors like Crown Asset Management can leave you feeling overwhelmed and uncertain about your financial future. At ZumaZip, we understand the stress and anxiety you may be experiencing, and we’re here to help.

It’s essential to recognize that you have legal rights when dealing with debt collectors, including Crown Asset Management. There are affirmative defenses available to you that may aid in your defense against Crown Asset Management in a debt collection lawsuit.

In this article, we’ll provide comprehensive guidance on navigating the complexities of dealing with Crown Asset Management and offer strategies for effectively responding when they pursue legal action against you.

Let’s get right to it.

What is Crown Asset Management services, and how do they work?

Crown Asset Management is a debt collection agency specializing in purchasing aged debts. Their business model involves acquiring charged-off debts from other companies at significantly reduced prices. Subsequently, they initiate collection lawsuits and deploy assertive debt collectors to pursue repayment of these overdue debts in full.

If you find yourself facing a lawsuit from Crown Asset Management without prior knowledge of their involvement, you’re not alone. Many individuals are surprised to encounter legal action from this agency.

The motive behind Crown Asset Management’s legal actions is straightforward: profitability. By purchasing delinquent debts at a fraction of their original value, their aim is to maximize returns by collecting the full amount owed. Lawsuits are a key component of their strategy to compel repayment and generate substantial profits.

When Crown Asset Management initiates legal proceedings, they often rely on “business record affidavits” as evidence to support their collection efforts. However, it’s essential to note that receiving a lawsuit accompanied by such an affidavit doesn’t mean all hope is lost. Specific defenses can be raised to challenge the validity of Crown Asset Management’s claims and expose any shortcomings in their case.

Facing a lawsuit from Crown Asset Management can be daunting, but it’s crucial to remember that you have rights and options. Seeking legal advice and exploring potential defenses can help you navigate the legal process and protect your interests effectively.

ZumaZip helps you make the right defense the right way.

Crown Asset Management has bad reviews and many complaints

If you are feeling harassed or mistreated by Crown Asset Management, you’re not alone.

As of 2022, the Better Business Bureau received 45 complaints against Crown Asset Management in a three-year period, while the Consumer Financial Protection Bureau reported more than 100 complaints over the last 10 years. Crown Asset Management’s BBB profile shows an average rating of 1 out of 5 stars based on 11 reviews. Out of almost 70 Google reviews, Crown Asset Management has an average rating of 1.6 out of 5 stars.

Many of these complaints describe how Crown Asset Management violates the Fair Debt Collection Practices Act (FDCPA). Some of the questionable tactics reported by these complaints include:

Suing people for fraudulent debts.
Failing to validate a debt when requested.
Misrepresenting how payments will be applied to a debt account and not reporting the status of a debt account.
Reporting false or inaccurate information to the credit reporting bureaus.
Failing to report when a debt has been paid off.
Trying to collect on a debt that the consumer does not owe.
Using deceptive forms to convince consumers, fraudulently, that they owe a debt.
Hanging up on consumers when they call to discuss the debt.

Now that you know some of the sketchy debt collection methods that Crown Asset Management uses, let’s take a look at a real complaint from the CFPB database:

“I have sent letters to this debt collector and they are attempting to collect on a debt not authorized by an original agreement. They have not produced any agreement that shows that I owe a debt yet they are continuing to collect on a debt, fees, interest, and costs not authorized by an original agreement. They have also threatened me with legal action that they can not actually take and I feel very harassed. Additionally, they have failed reported inaccurate information to my credit report including, but not limited to failing to update the credit bureaus to state consumer disputes.”

If you’ve encountered any of these actions from Crown Asset Management, you may qualify for compensation of up to $1,000 per violation under the Fair Debt Collection Practices Act (FDCPA). This legislation serves to safeguard consumers from unethical and abusive debt collection practices.

Understanding your rights as a consumer when dealing with Crown Asset Management is essential. By familiarizing yourself with the provisions of the FDCPA, you can assert your rights and protect yourself from unfair treatment during debt collection proceedings.

If you believe that Crown Asset Management has violated your rights under the FDCPA, you have the option to seek compensation for damages incurred. Consulting with a legal professional who specializes in consumer rights and debt collection can provide valuable guidance and support in pursuing your case.

Remember, you have the right to fair and respectful treatment, and the FDCPA is in place to ensure that debt collectors adhere to these standards. Don’t hesitate to assert your rights and seek recourse if you’ve experienced misconduct from Crown Asset Management during debt collection activities.

Knowing your rights under the FDCPA will protect you

The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers, like you, from unfair debt collection practices. When you know your rights under the FDCPA, you will be better equipped to fight back against a Crown Asset Management lawsuit. According to the FDCPA, Crown Asset Management debt collectors cannot do any of the following:

Contact you after 9 p.m. or before 8 a.m.
Attempt to collect a debt that does not belong to you
Threaten legal action and arrest
Call after you request them to stop
Lie and pretend to be lawyers
Contact your family, friends, or coworkers about your debt

When you inform Crown Asset Management that you know your rights and you will report them when they violate any rule, they will be prompted to use the proper channels to collect the debt. Report any abuse to the FTC online platform or call 877-382-4357, submit a complaint on the CFPB website, or call 855-411-2372.

Respond to Crown Asset Management LLC lawsuit

If you’ve been served with a collection lawsuit from Crown Asset Management LLC, it’s crucial to take immediate action to safeguard your rights and position yourself for success in the legal process.

First and foremost, do not ignore the lawsuit. Ignoring it could result in a default judgment being entered against you, which can have serious consequences. While it’s understandable to feel overwhelmed or anxious, avoiding the lawsuit won’t make it go away. Crown Asset Management and other debt collection companies often rely on this tactic, hoping that individuals will fail to respond.

Crown Asset Management, like many debt collectors, targets individuals facing financial challenges, counting on their vulnerability. By filing a lawsuit, they’re banking on the possibility that you won’t respond, allowing them to secure a default judgment.

A default judgment grants Crown Asset Management significant powers, including the ability to garnish wages, place liens on property, and freeze bank accounts. To avoid these repercussions, it’s essential to take proactive steps and respond to the lawsuit in a timely manner.

Seeking legal guidance can provide invaluable support throughout this process, helping you understand your options and effectively defend against Crown Asset Management’s claims. Remember, you have rights, and by responding to the lawsuit, you’re asserting those rights and protecting yourself from potential harm.

The first step to beating Crown Asset Management in court is to respond to the lawsuit with a written Answer. Here’s how.

ZumaZip can help you respond to Crown Asset Management debt collectors fast.

Follow these steps to Answer a debt collection lawsuit against Crown Asset Management LLC

Follow these steps to craft an effective Answer to a debt collection lawsuit brought by Crown Asset Management LLC:

Understand the Summons and Complaint: Upon being sued by Crown Asset Management, you’ll receive a Summons and Complaint. The Summons notifies you of the lawsuit, while the Complaint outlines the specific claims against you.
Respond Promptly: You typically have up to 35 days to respond to the lawsuit, depending on your state. Responding promptly is crucial to avoid default judgment.
Keep it Concise: Your Answer should be brief and to the point. Avoid delving into unnecessary details or personal anecdotes.
Deny Debt Liability: In your Answer, respond to each numbered paragraph of the Complaint by denying, admitting, or denying for lack of knowledge. It’s generally advisable to deny liability for the debt and let Crown Asset Management prove your responsibility.
Assert Affirmative Defenses: Include affirmative defenses in your Answer, such as disputing the validity of the debt, asserting the expiration of the statute of limitations, or requesting proof from Crown Asset Management.
Format Properly: Ensure your Answer adheres to standard formatting requirements for court documents. Include essential details like your name, address, court name, plaintiff’s identity, case title, and case serial number.
Certificate of Service: Attach a certificate of service confirming that you’ve provided a copy of your Answer to Crown Asset Management’s attorney, if applicable.
Sign the Document: Your Answer must be signed to be considered valid. You can sign manually or electronically, affirming the accuracy of the information provided.

Once you’ve drafted your Answer, file it with the court and send a copy to Crown Asset Management’s attorney via certified mail with a return receipt requested. This ensures proper documentation and communication throughout the legal process.

Remember, seeking legal advice or utilizing resources like ZumaZip’s templates can help streamline the process and ensure your response is comprehensive and effective.

You can file your Answer in the court via mail, in person, or through electronic filing in some states. You should send a copy of the Answer to the opposing attorney via USPS certified mail with a return receipt requested.

ZumaZip can help you draft and file your Answer in 15 minutes.

Now, let’s consider an example.

Example: Let’s say Brandy, a California resident, faces a lawsuit from Crown Asset Management over an old credit card debt totaling $800. Upon digging deeper, Brandy discovers that Crown Asset Management acquired the debt from the original credit card company for a mere $10. Now, they’re pressuring her to pay the full amount. With the help of ZumaZip, Brandy takes proactive steps by drafting and filing an Answer document. In it, she firmly denies all of Crown Asset Management’s claims and asserts her affirmative defenses.

After a few weeks of navigating the legal process, Brandy receives positive news: Crown Asset Management fails to substantiate all of their claims due to incomplete documentation from the original creditor during the debt transfer. Consequently, Crown Asset Management chooses to dismiss the case.

ZumaZip helps you fight Crown Asset Management LLC

ZumaZip is here to assist you in navigating the legal process when facing a lawsuit from Crown Asset Management LLC. We understand that responding to debt collection lawsuits can be overwhelming, especially if you’re unfamiliar with the legal procedures involved.

If Crown Asset Management contacts you regarding a debt, one effective strategy is to send them a Debt Validation Letter. This formal request requires them to provide evidence validating the debt before proceeding with legal action. If they’re unable to substantiate the validity of the debt, they may cease their collection efforts altogether.

By leveraging this approach, you’re exercising your rights as a consumer and ensuring that Crown Asset Management adheres to legal standards. ZumaZip is dedicated to empowering individuals like you to defend against unfair debt collection practices and navigate the legal system with confidence. If you need assistance drafting and sending a Debt Validation Letter or require guidance throughout the legal process, we’re here to help.

What is ZumaZip?

ZumaZip is a convenient solution designed to streamline your response to a debt collection lawsuit. Here’s a breakdown of what you can expect when you use ZumaZip:

Firstly, you’ll access our user-friendly web application, which guides you through the process step by step. You’ll be prompted to answer a series of questions related to your specific situation. Once you’ve completed the questionnaire, you have the option to either print out the finalized forms and mail them to the appropriate courts yourself, or you can opt to utilize ZumaZip’s services to file them on your behalf. Additionally, if you choose this option, an attorney will review your document for added peace of mind.

If you’re seeking guidance on how to effectively respond to a debt collection lawsuit, ZumaZip can provide the assistance you need. Feel free to explore our FAQs for more information on what ZumaZip has to offer.

What if I haven’t been sued yet?

If you’ve only received a collections notice, but not a lawsuit, the best way to respond is with a Debt Validation Letter. When a debt collector contacts you in any way, whether it’s by phone or mail, you can respond by formally requesting a debt validation with a Debt Validation Letter . This letter notifies the collector that you dispute the debt and forces them to provide proof you owe the debt. They can’t call you or continue collecting until they provide validation of the debt. This flowchart shows how you can use a Debt Validation Letter to win.

Get started with a Debt Validation Letter here.

How to Answer a Summons for debt collection in all 50 states

Here’s a list of guides on how to respond to a debt collection lawsuit in each state:

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