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

George Simons | July 21, 2022

If you are the swimmer, and Crown Asset Management is the gator, then SoloSuit is the Elbow-Drop Guy.

Summary: Sued for a debt by Crown Asset Management? This guide is for you. Use SoloSuit to respond in 15 minutes.

If you are enduring intimidating and harassing phone calls from a debt collection company like Crown Asset Management, you may be feeling anxious, stressed out, and overwhelmed with uncertainty about your financial future. SoloSuit understands how you feel and are here to help.

It is important to know that you have legal rights when contacted by a debt collection company like Crown Asset Management and there are certain affirmative defenses you could potentially raise that could help you prevail over Crown Asset Management in a debt collection lawsuit.

What is Crown Asset Management and Why are They Suing Me?

If you've never heard of Crown Asset Management and have no idea why they are trying to haul you into court to collect on an outstanding debt, you are not alone. Crown Asset Management purchases charged off debts from other companies at a substantial discount. They then file collection lawsuits and unleash aggressive debt collectors on consumers in the hopes of getting those delinquent debts repaid in full. In regards to why they suing you, the answer is simple - they want to make a profit. The business model of Crown Asset Management is primarily purchasing delinquent debts for pennies on the dollar and if they can collect on those debts, they make money. Suing you is part of their strategy to try and collect on the outstanding debt with the objective of generating a large profit.

Crown Asset Management will file a lawsuit and rely primarily on “business record affidavits” to prove they have a viable collection case against you. If you are served with a collection lawsuit that is accompanied by such an affidavit, do not give up hope. It is possible to raise specific defenses that reveal the glaring deficiencies in Crown Asset's Complaint,.

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Actions to Take If You are Sued by Crown Asset Management LLC

If you are served with a collection lawsuit by a representative or processor server hired by Crown Asset Management, there are specific actions you should take to protect your rights and to position yourself for victory in the impending court battle with this debt collector.

First and foremost, do not let anxiety or fear paralyze you to the point that you do not take action or simply hope that the lawsuit goes away. This is what many debt collection companies, including Crown Asset Management, hope you do. They count on you feeling overwhelmed and ignoring the lawsuit. The sad reality is that Crown Asset Management LLC, along with a plethora of other debt collection companies, prey on vulnerable and stressed out consumers who are struggling to keep their heads above water financially. When they file that lawsuit against you, they are basically taking a calculated gamble. That gamble is assuming you will not respond to the lawsuit and will not actually challenge their business affidavit or accounting. Unfortunately, many consumers opt to ignore a collection lawsuit and these debt collectors obtain judgments as a result of non-action by consumers.

Responding to the Complaint is critically important because if you don't, Crown Asset Management will likely obtain a default judgment against you. Once a default judgment is entered, the debt collector has the power to garnish your wages, freeze your bank account, and even seize personal property like your automobile. Do not let this happen. Take action and respond to the Complaint.

When you are served with the lawsuit, it is important to draft your “Answer” to the Complaint in a timely manner. This is because you only have a limited amount of time (i.e. typically between 20 and 30 days) to respond to the lawsuit. If you fail to file your Answer in the allotted time frame, the debt collector can turn around and obtain the dreaded default judgment.

SoloSuit makes it simple to respond the right way.

Once you file your Answer to the Complaint, it is important to stay on top of the case. Do not simply assume that your Answer is the end of the legal battle. For example, there will be a date provided in the Complaint indicating when you need to appear in court to defend yourself. In addition, prior to the trial date, there is a “discovery” phase whereby the parties involved in the litigation are able to submit written requests for specific information and documentation. This provides an opportunity for you to demand a specific accounting of the alleged debt and to request that Crown Asset Management prove that you in fact owe the amount alleged to be delinquent. This is important because it is quite common for these large debt collection companies to sue the wrong person or to inaccurately state the amount owed. This is why you should request documentation substantiating the amount of the original debt and make Crown Asset Management justify any fees, penalties, and other expenses that they have tacked on to the outstanding debt allegedly owed. Basically, you should take steps to hold Crown Asset Management accountable and make them actually prove their case against you.

For additional information on how to effectively and appropriately respond to a debt collection lawsuit filed by Crown Asset Management, consider utilizing the resources provided by SoloSuit.

SoloSuit Helps You Fight Crown Asset Management LLC

The objective of SoloSuit is to help demystify the process of responding to a lawsuit filed by a debt collection company. As mentioned, many debt collection companies prey on consumers who do not understand the complexities of the legal process.

Here is how it works, in most cases - SoloSuit is a step-by-step web-app that asks you specific questions. Once you answer the list of specific questions, you have the option to either print the completed legal forms and mail in hard copies to the court where the debt collector filed suit, or you can pay SoloSuit to file it for you and to have an experienced and knowledgeable attorney review the document.

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"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James

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>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance

If you need assistance responding to a debt collection lawsuit, consider utilizing SoloSuit. What is SoloSuit? Take a moment to review these FAQs to learn more.

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Tips on What To Do If You are Sued by Crown Asset Management LLC

Here is an overview of what you need to do if you are taken to court by Crown Asset Management LLC for an alleged outstanding debt:

  • Make sure you file your Answer within the timeframe provided by the Court.
  • Never admit liability for the alleged debt (make Crown Asset Management actually prove its case against you).
  • Consider raising the affirmative defense, like the statute of limitations or the failure to establish that you actually owe the amount claimed, to highlight the glaring deficiencies in Crown Asset's lawsuit against you.

Best of Luck!

Additional Resources

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit.

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