October 08, 2021
Summary: Is Crown Asset Management suing you for a past due balance? Find out what to do if Crown Asset Management is suing you and how you can beat them in court.
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.
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 to generate 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,.
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 taking a calculated gamble. That gamble is assuming you will not respond to the lawsuit and will not 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 promptly. 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.
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, before the trial date, there is a “discovery” phase whereby the parties involved in the litigation can 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 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. You should take steps to hold Crown Asset Management accountable and make them 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.
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.
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:
SoloSuit makes it easy to respond to a debt collection lawsuit.
How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.
"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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