Having a debt collector contact you continuously is mentally draining. Trident Asset Management (TAM) is a debt collection agency that does just that. TAM debt collectors contact consumers to ask them to pay outstanding debts that have been outstanding for more than 90–180 days.

TAM uses all means possible to collect a debt, including adding the debt to your credit report or filing a debt collection lawsuit against you. Once the company has made contact with you, it’s best to respond with a Debt Validation Letter to force it to verify the details of the debt.

This article will give you tips on how to respond to a Trident Asset Management debt collector. But first, who is Trident Asset Management, and what do consumers say about the company?

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Dealing with debt collectors can feel like navigating a maze blindfolded, especially when Trident Asset Management (TAM) is on the other end of the line. TAM, a third-party debt collection agency based in Alpharetta, Georgia, has been in operation since 2007, specializing in assisting businesses in recouping outstanding debts from consumers. If TAM is hounding you with calls demanding payment for overdue debts, it’s essential to arm yourself with knowledge and strategies to handle the situation effectively. In this guide, we’ll delve into who Trident Asset Management is, the types of debts they manage, customer sentiments, and most importantly, how to respond tactfully to their collection efforts.

Who is Trident Asset Management?

Trident Asset Management operates as a debt collection agency, serving as the intermediary between businesses and consumers who owe outstanding debts. Founded over a decade ago, TAM has established itself as a prominent player in the debt collection industry, offering its services across various sectors, including medical, automotive, telecommunications, and more. The agency often purchases debts from creditors for a fraction of the total amount owed, assuming responsibility for collecting the outstanding balances.

What Types of Debts Does Trident Asset Management Manage?

Trident Asset Management deals with a wide array of debts, ranging from secured to unsecured loans. Secured debts include mortgages, auto loans, and home equity loans, where the creditor has collateral to secure the debt. Unsecured debts, on the other hand, encompass obligations such as medical bills, credit card debt, student loans, and personal loans, which lack collateral. TAM also manages revolving debt, where consumers have access to a line of credit, and closed-end installment debt, where a fixed amount is borrowed for a specified period.

Customer Sentiments and Reviews:

Reviews of Trident Asset Management are mixed, reflecting the diverse experiences of consumers who have interacted with the agency. While some borrowers commend TAM for facilitating the resolution of their debts, others express dissatisfaction with the company’s practices. Complaints range from allegations of inaccurate reporting to aggressive collection tactics, underscoring the importance of vigilance when dealing with debt collectors. Platforms such as the Better Business Bureau (BBB), WalletHub, and Google Reviews provide insight into customer experiences, with ratings varying across different platforms.

Responding to Trident Asset Management:

If Trident Asset Management comes knocking on your door, it’s crucial to respond promptly and effectively to protect your rights and interests. Here are some key steps to consider:

1. Send a Debt Validation Letter: Upon initial contact from TAM, consider sending a Debt Validation Letter requesting verification of the debt. This legally obligates Trident Asset Management to provide documentation validating the debt’s legitimacy. Until they provide verification, they must cease collection efforts, including calls and letters.
2. Dispute Inaccurate Information: If you believe that Trident Asset Management has inaccurately reported information to credit bureaus or misrepresented the debt, you have the right to dispute it. Contact TAM and the relevant credit bureaus to initiate the dispute process and ensure that your credit report reflects accurate information.
3. Know Your Rights: Familiarize yourself with the Fair Debt Collection Practices Act (FDCPA), which outlines the rights and protections afforded to consumers. TAM is prohibited from engaging in certain practices, such as harassing or threatening behavior, disclosing information about the debt to third parties, or making false statements. If TAM violates your rights under the FDCPA, you have recourse to file a complaint with regulatory agencies.
4. Respond to Legal Action: In the event that Trident Asset Management initiates legal proceedings against you, it’s essential to respond appropriately. Consult with legal counsel or utilize resources such as ZumaZip to prepare and file an Answer to the Summons and Complaint. This document allows you to formally respond to the allegations and assert any affirmative defenses you may have.

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Conclusion:

Navigating the complexities of debt collection can be daunting, particularly when faced with relentless calls from Trident Asset Management. By understanding who TAM is, the types of debts they manage, and how to respond effectively to their collection efforts, you can assert your rights and work towards resolving outstanding debts on favorable terms. Remember, knowledge is power, and arming yourself with the right information and strategies can empower you to navigate the challenges posed by debt collectors like Trident Asset Management.

FAQS about Trident Asset Management

What is the address of Trident Asset Management?

The address of Trident Asset Management is P.O. Box 888424, Atlanta GA 30356. The company’s physical address is 10375 Old Alabama Rd, Alpharetta, GA 30022.

What is the phone number of Trident Asset Management?

The phone number of Trident Asset Management is 866-695-8893.

What are the operation hours of Trident Asset Management?

Trident Asset Management’s operation hours are 8:30 a.m. to 5 p.m. EST on weekdays.

What states does Trident Asset Management operate in?

Trident Asset Management operates in all 50 states, but the company is headquartered in Georgia. Consumers have reported complaints against Trident Asset Management in  almost every state.