Dena Standley | October 19, 2022
Summary: Is CBE Group suing you for a debt? SoloSuit can help you take a stand and win in court.
CBE Group, a debt collection agency, has been around since 1933. The company serves hundreds of creditors, from cell phone providers to the federal government. CBE has a lucrative contract for the collection of U.S. Department of Education student loans.
CBE Group, Inc. is located in Cedar Falls, Iowa, and employs over 1,300 individuals. The company conducts first and third-party collections. However, a long history in the industry and a large footprint does not mean CBE always plays by the rules.
There are 235 complaints listed under CBE Group's profile with the Better Business Bureau (BBB) To CBE Group's credit, they have instituted a policy of responding to complaints lodged with the BBB, and most of those seem to be resolved in the client's favor. However, many of these complaints arose because false or invalid debts wrought havoc on these consumers' credit reports.
CBE Group, Inc. is legitimate, though consumers should always take care to validate that they are dealing with a legitimate collection agency and not an impersonator. With over $93 million in annual revenue, CBE Group is one of the country's largest and most profitable debt collection agencies.
According to the BBB, CBE was incorporated in 1985 and accredited by the BBB since 1992.
It is disconcerting to be contacted by a debt collection agency, and it can be hard to determine if they are legitimate. While CBE is a real collection agency, you can never be too careful. Make sure you do not provide any detailed personal information or information about the debt. They should already have that information before they contact you.
Terminate the call and contact the company directly. They can be reached at:
Address:
CBE Group
1309 Technology Parkway
Cedar Falls, IA 50613
Phone:
(800) 925-6686
Once you have verified that you are speaking to CBE, you have several options. If you have paid the debt or you are making timely payments, you can request a goodwill deletion. It is up to the debt collection agency to determine if they will remove the item from your credit report out of goodwill. Craft a concise, clear letter outlining what you are asking for and why. Elaborate on how the debt ended up in collections and your steps to correct the problem.
If it is your first contact with CBE Group, or you are unsure of the debt, send a Debt Validation Letter. Solosuit can simplify the process, and sending the letter asserts and protects your rights under the FDCPA.
If there is an error in the debt, or the debt has reached the statute of limitations (which varies by state), you can dispute the debt collection. Sending a credit dispute letter to the three credit reporting agencies will initiate an investigation into the debt. If the debt cannot be verified, it will be deleted from your credit file. Your right to send a dispute is covered under Section 609 of the Fair Credit Reporting Act (FCRA). As a result, these dispute letters are often referred to as 609 letters.
The Fair Debt Collection Practices Act (FDCPA) gives consumers legal rights and limits abusive or harassment actions from debt collection agencies. Consumers should understand their rights under the FCRA and have a solid understanding of what a debt collection agency can and cannot do.
Under the FDCPA, companies cannot:
If CBE Group, Inc., behaves in a threatening, abusive, or harassing manner, file a report immediately with the Consumer Financial Protection Bureau (CFPB).
In November 2021, the CFPB passed a new Debt Collection Rule that limits how often a debt collector can contact you by phone. A debt collector is presumed to be in violation of that rule if they contact you more than 7 times in a 7 day period or contact you by phone within 7 days of speaking to you about a debt.
The first step to getting CBE Group to leave you alone is sending a Debt Validation Letter to ensure that the debt and the associated information are accurate and actually belong to you. When CBE Group receives a Debt Validation Letter, they must provide the following information or cease all contact:
If CBE fails to respond to the request for debt validation, then you can request that the information be removed from your credit report. You can do the same if the information they provide has inaccuracies, which is quite common by the time a debt leaves the hands of the original creditor.
Follow the advice above if CBE Group violates the FCRA or the FDCPA. Keep detailed notes of any phone calls and interactions you receive from CBE Group, and file a complaint if your rights are violated. To learn more about how to make a Debt Validation Letter, check out the video below:
If you are served with a Summons or a Complaint notifying you of a lawsuit by CBE Group, do nott ignore it and hope it will go away. When this happens, debt collectors often win a case by default, resulting in garnished wages or liens placed against your property.
The first step to beating CBE Group in court is to draft and file a written Answer to the Summons and Complaint. Here are six tips for drafting a winning Answer:
To learn more about these 6 tips, check out this video:
It is frightening to be sued for a debt, and it can also be expensive to hire an attorney to defend you against claims made by a debt collector. SoloSuit is here to help you fight and win against debt collectors like CBE Group. Our software asks you questions about your debt then puts you in the driver's seat in deciding the right course of action. Debt collectors are far too accustomed to consumers who don't fight back. At SoloSuit, we want to empower consumers to tackle unfair debt collection practices and win against unjust debts.
If you have been contacted by CBE Group, contact SoloSuit to learn about your options. You can fight back, and you can win against CBE Group and other debt collectors.
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
You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.
>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance
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