Sarah Edwards | June 19, 2023
Edited by Hannah Locklear
Summary: Lakeside Collection is a relatively little-known collection agency in New York. If you receive a communication from Lakeside Collection regarding an obligation you owe, you should first request that they verify the debt. If the debt really is valid, Lakeside Collection might sue you. SoloSuit can help you respond to the lawsuit, settle the debt, and avoid going to court.
Few things are worse than finding out your old obligation is with a debt collector like Lakeside Collection. Lakeside Collection, also known as Lakeside Receivables LLC or Lakeside Recovery Solutions, is a collection agency that tries to recover unpaid debts from consumers.
Lakeside Collection doesn’t have much of an online presence. Its website offers minimal contact information and a short About Us page. If Lakeside Collection is causing trouble, you’re in the right place. We’ll explain how to handle your situation and avoid legal repercussions.
Sued by Lakeside Collection? Settle the debt with the help of SoloSettle.
The Lakeside Collection website doesn’t provide much information about the company. Its mailing address is 5815 South Park Avenue, Hamburg, New York 14075. You can call the company at (888) 306-2878.
The Better Business Bureau (BBB) lists two separate profiles for Lakeside Collection. As Lakeside Recovery Solutions, the business has an F rating from the BBB. It also has a current alert advising that the company doesn’t hold the appropriate license as an out-of-state collection agency.
Lakeside Recovery Solutions has eight current complaints, all of which are concerning. Multiple complaints note that creditors use abusive or condescending language.
For instance, one woman said the collector told her to “be a nice little wife and have your husband call me.” Another consumer said that a collector from the company told them they’d garnish his wages if he didn’t immediately make a payment.
Lakeside Receivables LLC doesn’t fare much better. The BBB rating for Lakeside Receivables LLC is a C. The company has had 128 complaints in the past three years, many involving abusive debt collection practices.
One consumer complained that the company called her extended family, including aunts, uncles, and cousins, about a debt. Another consumer noted a similar issue. In some cases, the company has called multiple times daily, clearly violating the Fair Debt Collection Practices Act (FDCPA).
The poor reviews, numerous complaints, and alerts from the BBB should raise a red flag with anyone who receives communications from Lakeside Collection.
If a debt collector from Lakeside Collection contacts you concerning a debt, pay attention to their words and actions. The FDCPA has strict rules about debt collection practices, and companies that run afoul of the rules may face repercussions, like fines and penalties.
Here are a few common FDCPA violations to look out for:
If Lakeside Collection takes any of these actions against you, or you feel that their communications are abusive or harassing, file a complaint with the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC).
If Lakeside Collection sends you a letter or calls you about an old obligation, don’t ignore it. The FTC gives you thirty days to dispute a debt and requires the collection agency to validate it. You should immediately respond to the communication with a Debt Validation Letter.
In you Debt Validation Letter, you’ll provide Lakeside Collection with enough information to identify who you are and search its records to find your debt. For instance, if you have been assigned an account number, you’ll want to include it in your letter.
You should ask Lakeside Collection to provide the following information when validating your debt:
In your letter, ask Lakeside Collection to stop further collection activity until it fully validates your debt. If Lakeside Collection has violated your rights under the FDCPA, you should include a threat of legal action in your Debt Validation Letter.
If Lakeside Collection correctly validates your debt and provides all the information you requested, you’ll have some choices. If the debt is within the statute of limitations window, there’s a chance that the agency may open a lawsuit against you to collect the outstanding balance.
You don’t want to end up in a lawsuit with Lakeside Collection, so it’s best to settle the matter before it gets out of control. Assess your savings and determine how much you can afford to pay Lakeside Collection in a settlement.
Ideally, you’ll offer at least 40% of your debt’s value. Leave a little wiggle room in your offer since the agency might ask you to pay more.
Let’s consider an example.
Example: Karen owes $1,000 for an outstanding medical bill that Lakeside Collection took over. She asks Lakeside Collection to validate her debt, and the company responds with full validation. Karen can’t afford to pay $1,000, so she uses SoloSettle to start the debt settlement negotiation process. She offers $400, or 40% of the debt’s value, to Lakeside Collection in a settlement. Lakeside Collection tells Karen it will accept a $650 payment. Karen agrees and pays the money, and Lakeside Collection closes the account. SoloSettle helps Karen with the settlement agreement documentation and transfers her payment to Lakeside Collection, keeping her financial information private and secure.
In our example, Karen takes care of the matter before the account escalates into a lawsuit. Watch the following video to learn more about how to settle a debt with Lakeside Collection:
If you’ve been sued for debt by Lakeside Collection and you’re pretty sure you don’t owe it, you should respond to the case immediately and fight back. Follow these three steps:
SoloSuit can help you draft and file an Answer to your debt lawsuit in all 50 states. Check out the following video for tips on how to respond to your case:
Lakeside Collection is a debt collection agency that doesn’t have great reviews. The BBB has cited the organization for not having a proper out-of-state debt collection license, and numerous consumers have complained about unfair collection tactics.
If Lakeside Collection contacts you for an overdue debt, don’t assume it’s legitimate. Make the agency validate the debt before you confirm you owe it or enter into a repayment agreement. That way, you can ensure Lakeside Collection truly owns the debt before sending any money.
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.
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