Sarah Edwards | May 08, 2023
Summary: Weltman, Weinberg & Reis Co., LPA is one of the nation’s oldest debt recovery firms. While it is well respected in the debt recovery industry, that doesn’t mean you can’t defend yourself if the company is pursuing you for an obligation. SoloSuit explains how to beat Weltman, Weinberg & Reis.
When you receive a debt collection notice in the mail, you know trouble is on the horizon. Maybe you know exactly who decided to send your account to collections, or perhaps you’ve long forgotten about your original creditor. However, one thing’s for sure: debt collectors won’t go away until they exhaust all their collection options.
If you receive a debt collection notice from Weltman, Weinberg & Reis, prepare for forthcoming letters, emails, and phone calls. The company isn’t going to let you off the hook unless you can prove you don’t owe the debt.
And if you get sued by Weltman, Weinberg & Reis, SoloSuit can help you respond in court and settle the debt once and for all.
The short answer is yes.
Weltman, Weinberg & Reis is a debt collection law firm headquartered in Cleveland. The company has six other offices in other cities throughout Illinois, Ohio, Michigan, and Pennsylvania, with over 500 employees. The company helps organizations recover money from people who have unpaid debts.
Consumers interested in contacting Weltman, Weinberg & Reis can reach the company at (216) 739-5100 or toll-free at (800) 837-0603. The address of the headquarters for Welmant, Weinberg & Reis is 965 Keynote Circle, Cleveland, OH, 44131-1829.
Weltman, Weinberg & Reis was the subject of a CFPB complaint in 2017 for using collection letters containing false, deceptive, or misleading representations. The CFPB claimed that the company’s letters falsely declared that attorneys were meaningfully involved in the debt collection process.
However, an advisory jury found that the CFPB did not adequately prove the allegation, and a judgment was found in favor of Weltman, Weinberg & Reis.
The best way to find out what customers say about a debt collection firm is to check the Better Business Bureau (BBB) website. According to the BBB, Weltman, Weinberg & Reis is not BBB-accredited but has a current rating of A+ because of its time in business and relatively few complaints.
The company has received 26 complaints on its BBB profile over the last three years. On the other hand, the CFPB has reported more than 120 complaints against Weltman. Weinberg & Reis in the same time period. Most of the complaints involve judgments and wage garnishments.
Is Weltman, Weinberg & Reis suing you for debt? Learn how to draft an Answer with this helpful video:
The end goal of debt collection law firms like Weltman, Weinberg & Reis is to collect unpaid debt on behalf of clients. If you receive a debt collection notice from this company, it will continue to send you letters and call you until it works out a payment agreement with you.
If these collection efforts don’t result in a response, Weltman, Weinberg & Reis will probably sue you if the debt is within your state’s statute of limitations. All states establish different statutes of limitations, but most range from three to five years for consumer debt.
You’ll want to take quick action if you receive notice of a debt lawsuit against you. The court Summons will indicate the date of your hearing and contain a copy of the Complaint from Weltman, Weinberg & Reis. The Complaint will show the amount you owe and other information pertinent to the debt.
Carefully review the Complaint for errors, as you can use them to defend yourself in the lawsuit. Mistakes concerning the amount due or your address can sometimes be grounds for a debt lawsuit dismissal.
Next, you’ll want to draft an Answer. An Answer lists all your defenses to the lawsuit. Even if you don’t have a reasonable justification for the claim, you’ll still want to file an Answer since it prevents Weltman, Weinberg & Reis from requesting a default judgment against you.
If you fail to respond in time and the court grants a default judgment, you won’t be able to defend yourself. The default judgment will give Weltman, Weinberg & Reis the right to garnish your wages, freeze your bank account, or take other actions against you.
An upcoming court date should spur you into action to resolve the debt. If it’s likely you’ll lose your case, the subsequent judgment will allow Weltman, Weinberg & Reis to take a significant portion of your income until you fully satisfy the debt.
Your two options are repaying the debt or settling it. Repaying the debt can take a bite out of your savings, but you can move on free from the worry of a judgment or wage garnishment. Weltman, Weinberg & Reis will have to drop the lawsuit against you if you no longer owe any money.
However, you might not have enough cash available to repay the debt. If that’s the case, settling the debt is a better option. A debt settlement requires you to make a one-time payment for a fraction of the debt’s value. In exchange, Weltman, Weinberg & Reis will drop its lawsuit and release you from the remaining balance.
Let’s consider an example of how to settle a debt with Weltman, Weinberg & Reis.
Example: Weltman, Weinberg & Reis is suing Cindy Lou for unpaid debt. She owes $3K for an old credit card she forgot about. Cindy Lou doesn’t have any defense to the lawsuit, but she files an Answer to stop Weltman, Weinberg & Reis from obtaining a default judgment. Before the court date, Cindy Lou uses SoloSettle to offer Weltman, Weinberg & Reis a settlement of $1,500. The company sends a counteroffer, and after a few rounds of negotiations, agrees to settle for $2,000 and drop the lawsuit.
Ready to try settling your debt with Weltman, Weinberg & Reis? SoloSettle can help you through the process. Check out the following video to learn more:
If you’re facing a debt lawsuit from Weltman, Weinberg & Reis, your best option is to repay or settle the obligation. When you come to an agreement, you’ll no longer need to worry about a judgment and wage garnishment. Follow our simple guide and move on from what is likely a frustrating experience.
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