Dena Standley | November 15, 2022
Summary: Have you received countless calls or emails from the Merchant Adjustment Bureau? This is a collection agency that will stop at nothing to get you to pay back your debt. SoloSuit can help you stop their calls and get a favorable judgment in court.
No one likes receiving a call from anyone asking for money, let alone debt collectors. It’s understandable if you feel frustrated after receiving several calls from Mercantile Adjustment Bureau (MAB). As a debt collection agency with over 30 years of experience, MAR has mastered the art of harassing consumers into paying their outstanding debt.
So, if you have received a call or email from MAB, there may be a pending debt somewhere, and they will actively seek out their money. But do not despair. Today, SoloSuit will give you exhaustive information on how to beat Mercantile Adjustment Bureau and save yourself from plunging deeper into debt.
But first, have you sent a Debt Validation Letter for MAB to verify the debt belongs to you? Watch the following video on why Debt Validation Letter succeeds in stopping debt collectors from pursuing you.
Mercantile Adjustment Bureau, LLC is a legitimate debt collection agency headquartered in Buffalo, New York. It has been in operation since 1992 and were incorporated in 2001. But, according to MAB’s website, they have been in operation since 1934, with several people owning the business before formalization.
MAB initially collected outstanding debt for healthcare institutions but later expanded to include municipal government agencies, mortgage lenders, higher education providers, and tech companies. They either purchase a long-standing debt for pennies on a dollar or collect debt for a company and are paid a percentage of the amount recovered.
You can reach Mercantile Adjustment Bureau using the following contact information:
165 Lawrence Bell Dr. Ste 100
Buffalo, NY 14221-7900
Website: Mercantile Adjustment Bureau
Phone number: (800) 480-7094
As with most debt collection companies, MAB has received tens of complaints from unhappy consumers in their BBB profile and on the Consumer Financial Protection Bureau (CFPB) database. So far, BBB has closed 61 complaints and CFPB 145 complaints, with favorable resolutions being met between the two parties. The following is an example of a complaint in their BBB profile:
“Mercantile adjustment contacts me to pay with a credit card. I had retained an attorney and told them that. Sadly, I have long-term health issues from covid. My attorney had spoken to the original creditor over a year ago, and they wrote off the debt because of my circumstances. Mercantile said they worked for this company, but once I talked to my attorney, I found out they purchased bad debt, including mine. They continued to try to collect after being written off. Previously, my attorney told me I could sue for fair debt violation.”
If you have had a bad experience with MAB, you can beat them once you know your rights and use the proper channels to report them.
The Fair Debt Collection Practices Act (FDCPA) protects consumers from companies such as Mercantile Adjustment Bureau. These guidelines were formulated to control debt collection agencies who sometimes use extreme methods to collect money. The guidelines state that debt collectors should not:
If you encounter any of the above violations, submit a complaint against Mercantile Adjustment Bureau on their BBB profile and CFPB website. You can also report them to the Fair Trade Commission website and your state’s attorney general's office.
MAB also provides litigation services to their clients, meaning that if you ignore their repeated attempts to collect a debt, they may file a lawsuit against you. Once you receive the suit, you must act fast to avoid legal repercussions. Take the following steps to save yourself from getting into a worse financial situation.
Don’t like reading? Watch this video:
In the lawsuit you receive, you’ll have a Complaint document that lists the claims and allegations MAB made against you. You must respond to each allegation using either of the following three responses:
Legal professionals advise consumers to deny most claims, giving more work to the collection agencies to prove the case. This move often works in your favor because MAB may lose the case or be willing to accept a settlement offer.
Affirmative defenses involve explaining why you are not responsible for the debt and, if the debt is legitimate, why you should not pay. Ensure the defenses you give are factual, and you have the documents to prove it. If the defenses are weighty enough, MAB may dismiss the case or give you a settlement offer. Some affirmative defenses you can use include:
Fortunately, SoloSuit can help you outline the affirmative defenses using our Answer document.
Once you finish steps one and two, print the Answer and make two copies. Send a copy to the court via mail, or you can deliver it to the courthouse—other courts also allow electronic filing. Next, send another copy to MAB attorneys and keep the last copy in your records.
It would be futile if you go through the trouble of answering the claims and listing your defenses and the document fails to reach the court in time. So, ensure you send the letter within the timeline given in your state.
If you carry out the above steps correctly, you have a chance to ask MAB to settle the debt. You can also request debt settlement before they sue you. Preferably after you send a Debt Validation Letter, and they respond.
SoloSuit's Debt Lawsuit Settlement Letter is an easy-to-use debt settlement request document that is customizable. You only need to fill in the blank spaces and send the offer to MAB. Contact SoloSuit today for more information on how to go about using our SoloSettle tool.
SoloSuit makes it easy to fight debt collectors.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
Here's a list of guides for other states.
Being sued by a different debt collector? Were making guides on how to beat each one.
You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now are are just look for support, we're here for you.
Is your credit card company suing you? Learn how you can beat each one.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.
Out Debt Validation Letter is the best way to respond to a collection letter. Many debt collectors will simply give up after receiving it.
"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather