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Collection Agencies and Junk Debt Buyers

There are dozens of Collection Agencies and Junk Debt Buyers that operate in Pennsylvania. We have beaten them all on a very consistent basis.

A junk debt buyer is a company that purchases allegedly delinquent credit accounts from financial institutions. Some of the larger ones (or the attorneys that represent them) are Atlantic Credit, Midland Funding, LVNV, Asset Acceptance, Unifund and CACH. Others that we have dealt with are Advantage Assets, Apothaker and Associates, Arrow, CACV, Calvary, Commonwealth, Edwin Abrahamson, Gordon & Weinberg, Hayt, Hayt and Landau, Hilco, Hudson & Keyse, Northstar, Palisades, Portfolio Recovery, Remit, Riverwalk, TA Financial, Worldwide.

What these companies do is purchase delinquent credit card accounts and loans in bulk from original creditors. This practice is legal and happens every day.

Typically, these companies pay only pennies on the dollar for the accounts that they purchase, sometimes even less than that. We have heard of companies that buy debt at the rate of .25 for each $100 of debt. That is quite a discount, wouldn't you agree?

Believe it or not, as a consumer it is in your best interests to have a delinquent account sold to a collection agency or junk debt buyer. The reason is that these sales result in a loss of evidence in most cases. Because the debt is sold at such a steep discount, the purchasing collection agency often does not get all of the documentation that it needs to prevail in a court of law. When you hire a consumer firm to defend you in a credit card collection matter, where the Plaintiff is a collection agency or a junk debt buyer, your odds of winning the case are extremely high.

Whatever you do, think long and hard before trying to settle with one of these companies. We rarely can recommend making payment to one of these firms, and even then only under very unusual circumstances.

If you have been sued or contacted by a collection agency or a junk debt buyer, whether its one of the above listed agencies or a different one, please contact our office for a no cost, no obligation review. We can be reached at 412-281-1250 or 1-888-536-6644.

Clay Morrow, Esq.

Clay handles the claims that are filed against debt collectors who make illegal threats or who place improper marks on your credit report.  Clay typically can make the debt collector pay your legal fees.

Greg Artim, Esq.

Greg defends consumers who have been sued by junk debt buyers, collection agencies or credit card companies. The odds of success in these cases are tilted strongly towards the consumer.

PA Credit Card Blog

Visit our PA Credit Card Blog for a collection of articles and posts about Pennsylvania credit card laws and some of the credit issues that we have faced.
 
 
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At Morrow and Artim, P.C. our focus is on Pennsylvania Consumer Law, whether its defending against collection agency lawsuits, suing debt collectors, handling unfair trade practice claims or assisting with identity theft matters.

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