CACH, LLC

We know CACH well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about CACH:

CACH, LLC is a national debt buyer located in Colorado which purchases defaulted consumer credit card debt from the major national banks, and collects for its own account.

CACH, LLC uses four law firms in California to file its debt collection lawsuits. They are: The Mandarich Law Group, with offices in Woodland Hills and a one-lawyer satellite office in Oakland, handles most CACH cases by far. CACH is also represented by The Neuheisel Law Group in Sacramento, the Kentwood Law Group in Montclair, and The Law Office of David Sean Dufek in San Diego. Of these, Mandarich seems the most willing to take CACH cases to trial, while the others have a more settlement oriented business model.

CACH cases suffer from the same core weaknesses as other debt buyer cases: (1) proving that the defendant owed money to the original creditor; and, (2) proving the CACH purchased the defendant’s defaulted account. Under California law, testimony from the original creditor is necessary to prove that a defendant defaulted on a credit card account and owed a debt. The large banks which sell credit card debt never make witnesses available for this purpose. CACH attempts to circumvent this requirement by substituting its own witness. Although such testimony is not legally sufficient, this tactic can be successful before a biased judge who doesn’t apply the law. Unfortunately, there are many of these jurists out there. With a “good” judge, you can beat CACH at trial. With a “bad” one…no chance.

One advantage negotiating settlement with Mandarich is the fact that Mandarich is over-loaded with cases and lacking in both experienced trial attorneys and CACH witnesses. They simply can’t try all their cases. Thus, their personnel shortage, combined with the risk of loss at trial, typically produces reasonable settlement offers in the days before trial.

To learn how we can help you against CACH, LLC please click on one of the links at the top of the page. You can also feel free to call us toll free at (877) 551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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Unifund CCR Partners, Inc.

We know Unifund well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about Unifund:

Unifund CCP Partners, Inc. is a large national debt buyer based in Cincinnati, OH, which purchases, sells and manages “under-performing and distressed” consumer receivables, including defaulted consumer credit card accounts.

Unifund relies on two law firms primarily to file its debt collection lawsuits in California: the Fresno law firm of Lang Richert & Patch, and, from Los Angeles, Kenosian & Miele.

Unifund’s cases suffer from the same core weaknesses as other debt buyer cases: (1) proving that the defendant owed money to the original creditor; and, (2) proving the Unifund purchased the defendant’s defaulted account. Under California law, testimony from the original creditor is necessary to prove that defendant defaulted on a credit card account and owed a debt. The large banks which sell credit card debt to Unifund have not made witnesses available for this purpose, and there is no reason to expect a change. Think of it this way: What are the chances that a major national bank, dedicated to its bottom line, will fly an witness to California to testify in a trial in which the bank has no financial interest whatsoever? Let’s move on. Unifund typically attempts to circumvent this requirement with testimony from its own witness, submitted by declaration. These “declarants”, however, can be subpoenaed to trial for cross-examination. Since Unifund is similarly reluctant to incur travel expenses from Cincinnati plus lodging for its witnesses, favorable settlement offers tend to result in the days leading up to trial.

To learn how we can help you against Unifund CCR Partners, Inc. please click on one of the links at the top of the page. You can also feel free to call us toll free at (877) 551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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Portfolio Recovery Associates, LLC

We know Portfolio Recovery Associates (PRA) well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about PRA:

Portfolio Recovery Associates, Inc. bills itself as “a market leader in the consumer debt purchase and collection industry.” Founded in 1992,  Portfolio Recovery Associates spent $408 million buying debt with a total face value of $9.8 billion by 2011. That’s about $.04 on the dollar. By the end of 2011, the company employed more than 2,600 people in 10 states and had annual earnings of $100.8 million.

Portfolio Recovery Associates relies on several law firms to collect its debt in California, including Hunt & Henriques, Bleier $ Cox, and the Legal Recovery Law Offices of Mark Walsh.

At the outset of a case, PRA will typically demand 75% of the principle amount to settle. When faced with experienced debt defense counsel, however, Portfolios demands will shrink as trial approaches. Recently, for example, this office defended a $ 42,000 credit card collection lawsuit against Portfolio Recovery Associates. For over a year, Portfolio stuck to its settlement demand of $30,000 – just under 75%. Then, a week before trial, they settled $9,600.

In this case, about six weeks before trial, we took the deposition by PRA’s witness.Fortunately, we were able to poke several holes in their case. PRA settled for 20% of the balance sought rather than bring a weakened case to trial. (A deposition is out of court testimony taken under oath before a court reporter priro to trial. Deposition testimony can be used at trial to descredit a witness.) While depositions can be expensive, in larger cases, they are necessary in preparing for trial.

To learn how we can help you against Portfolio Recovery Associates,LLC please click on one of the links at the top of the page. You can also feel free to call us toll free at (877)551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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Equable Ascent Financial, LLC

Equable Ascent Financial, LLC, based in Buffalo Grove, IL, is a national debt buyer and collection company which acquires defaulted consumer and business credit card debt and collects it for its own account. “Equable” – not “E-quit-able” – means: “not varying or fluctuating greatly”, as an “an equable climate”. An airplane makes an “equable ascent” to great heights, as does this company according to its ambitions, perhaps.

In California, the primary collection law firm used by Equable Ascent Financial is the Legal Recovery Law Office of Mark Walsh, located in San Diego, CA. Equable also uses the CIR Law Firm, located in San Diego as well. Equable Ascent, like all debt buyers, carries the burden at trial of proving ownership of the debt at the time of assignment for every link in the chain of title. Legally, this requires witness testimony from every prior owner of the debt, including the original creditor, usually a bank. Sadly for Equable – but not for consumers – banks don’t make their employees available to testify in collection cases in which they have no financial interest whatsoever. There’s no money in it. This weakness in Equable’s cases tends to result in a favorable settlement for defendants who are represented by competent debt defense counsel. Equable’s Illinois location is also a significant factor driving settlement. Getting to the courthouse for trial costs time and money. Equable simply cannot afford to send employees to CA to testify in every one of its hundreds, perhaps thousands, of CA cases each year. Thus, as trial approaches, Equable Ascent Financial becomes particularly amendable to settlement on favorable terms, and, even dismisses cases outright rather than go to trial.

To learn how we can help you against Equable Ascent Financial, LLC please click on one of the links at the top of the page. You can also feel free to call us toll free at (877)551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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Asset Acceptance LLC

We know Asset Acceptance (AA) well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about AA :

Asset Acceptance, LLC, which began buying defaulted debt in 1962, was one of the oldest and largest debt-buyers in the country, until it was acquired in 2013 by Encore Capital Group, the parent company for debt buyer Midland Funding, LLC (Midland).

Asset was located in New York.  Midland operates out of San Diego, CA.. The location of the Plaintiff in a debt collection lawsuit is a significant factor bearing on settlement of a case, since getting a witness to California for trial costs time and money – especially from New York.  So, is San Diego based Midland less amenable to settlement of its Asset cases due to its proximity?  Not so far.  It seems that any benefit derived by Midland from its convenient location, is offset by the addition of a very large number of Asset cases to the already burdensome caseload of Midland Attorneys.  So, Asset is gone, but Midland will be Midland.  Go to the Midland Funding page for information on how Midland handles these cases:

http://www.californiaconsumeradvocate.com/midland-funding-llc

Or, you can call us now toll-free at (877)551-0210 for a free consultation. You can also submit your contact information on the right and we will contact you.

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Persolve, LLC

We know Persolve, LLC well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about Persolve:

Persolve LLC is a debt buyer located in Chatsworth, CA which purchases defaulted credit card debt to collect for its own account. In a given case, Persolve may be a first-in-line debt buyer, meaning it has purchased the debt directly from the credit card issuing bank (original creditor), or, it may be a secondary debt buyer, purchasing previously sold accounts from other debt buyers. Persolve frequently purchases debt from debt buyer Riverwalk Holdings.

To prevail in court, Persolve must prove every link in the “chain of title”. More specifically, Persolve must establish with admissible evidence that every prior owner held valid title to the debt when it sold the debt to the next “buyer” in the chain. By law, this requires testimony from each prior owner of the debt. I’ve never seen this happen. Think of it this way: What’s the likelihood that a company – especially a bank – dedicated to solely to making money, will send an employee to a trial in California, to testify in a case in which the company has no financial interest whatsoever? Thus, the more links in the chain, the more difficult it is for Persolve to prove its case.

As a result, when faced with a defense attorney who has experience trying collection cases, Persolve will settle favorably as trial approaches. Why settle at all, if Persolve can’t prove its case? Good question. Settlement eliminates risk. And there is always risk. There is an old saying: “Even the best case has a 50-50 chance of losing”. In credit card collection cases, the major risk is that you draw a judge who disregards the law…totally. That is – the outcome is a foregone conclusion. There are plenty of these judges around. Get a good judge you can win, get a bad one….forget about it.

Persolve has an in-house legal department which handles all its collection lawsuits. The “department” consisted of two attorneys, one of whom has recently left the company. Its legal staff is overloaded with cases and understaffed. Persolve simply cannot try all its cases, so it focuses on getting default judgments and trying cases against consumers who represent themselves.

To learn how we can help you against Persolve, LLC please click on one of the links at the top of the page. You can also feel free to call us toll free at (877)551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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Midland Funding, LLC

We know Midland Funding well from having opposed them over the years. As a result, we have been able to get our clients favorable results, either by quick settlement or by litigation, depending on their needs.  If you wish to discuss your case with us, you can call toll free, or submit your information in the form on the right and we will contact you promptly. Here’s more about Midland:

Midland Funding LLC is a large, national debt buyer based in San Diego.  Midland Credit Management (MCM) is the debt servicing arm of Midland Funding, and sends collection letters to consumers prior to Midland Funding LLC (Midland) filing suit. Let us know if you get a settlement offer from MCM. We’ll give you our thoughts, no charge.

Midland uses several law firms in California to file its debt collection lawsuits including Bleier & Cox, Hunt & Henriques, Lang Richert & Patch, Nelson & Kennard, and The Legal Recovery Law Office of Mark Walsh.  Midland also has an in-house legal department which seems to be filing a much larger share of Midland’s cases lately. Midland also recently acquired major debt buyer Asset Acceptance, LLC and has taken all the “Asset” cases in-house. This has increased the caseload of its legal department and has made them even more amendable to settlement than usual.

Why Midland assigns cases to one entity or another is unclear, but there is no noticeable effect on case outcomes.  Midland will look to settle rather than try cases, especially when opposed by an attorney who knows how to try a debt defense case.  Their attorneys are simply too busy to try every case, so as trial approaches, they typically accept settlements terms which are favorable to our clients.  Also, some of the attorneys handling Midland cases have been known to dismiss smaller cases shortly before trial. As of them told us: “If I had to try all these cases, I’d go broke.”

To learn how we can help you against Midland Funding please call us toll-free at (877) 551-0210 for a free consultation, or you can provide your contact information to the right and we will contact you.

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SUED BY BLEIER & COX ?

Bleier & Cox is a debt collection law firm in Encino CA. Their primary clients are Capital One Bank and Discover Bank. Occasionally they will represent FIA Card Services, the account servicing arm of Bank of America, and debt-buyer Midland Funding LLC.

Bleier & Cox is a very capable law firm. While clients have complained about the tactics of their non-lawyer debt collectors, the attorneys at Bleier & Cox are tough but reasonable. They push cases to trial against defendants who represent themselves, as well as against attorneys who lack experience defending credit card cases. Also, Bleier & Cox will use Summary Judgment procedures in an effort to win cases early, without a trial.

We know Bleier & Cox from opposing them over the years and have achieved excellent results. If you have been sued by Bleier & Cox, we can help. To learn how, please fill out the form to the right and we will contact you, or call us at 877-551-0210 for a FREE consultation and case review.

We’ll go over your options and the consultation is free. So call now.

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Legal Recovery Law Offices of Mark Walsh (LRLO)

The Legal Recovery Law Offices of Mark D. Walsh, located in San Diego, is one of the larger debt collection law firms in California. The two major clients of Legal Recovery Law Offices are original creditor Capital One Bank and debt buyer Equable Ascent Financial Services. LRLO also represents debt buyers Midland Funding, Palisades Collections and Portfolio Recovery Services. Legal Recovery Law Offices was once unlikely to take cases to trial due to the unavailablity of their client’s witnesses. That is, LRLO’s clients would not produce a witness for trial which is necessary to prevail. This has changed, however, especially in their Capital One cases. Capital One now makes witnesses available, and as a result, LRLO is more aggressive in settlement negotiations, and are now willing to try these cases if necessary.

To learn how we can help you with your Legal Recovery Law Office case, click on one of the links at the top of the page, or call us toll free at 877-551-0210 for a FREE consultation.

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Hunt & Henriques

Hunt & Henriques is one of the largest debt collection law firms in California. It is also the principle debt collection attorney for Citibank in the state. Located in San Jose, Hunt & Henriques also represents original creditors Capital One Bank, Daimler Chrysler Financial Services (DCFS), Department Stores National Bank (Macy’s), and Discover Bank; and, debt buyers Portfolio Recovery Associates and Midland Funding, LLC. While I have heard complaints about the non-attorney debt collectors employed by Hunt & Henriques, I have found their trial lawyers to be capable and reasonable.

Due to their large caseload, Hunt and Henriques is always willing to talk settlement. Principle attorney Michael Hunt once summed it up this way: “Bill, if I had to try all my cases, I’d go broke.”

While Hunt & Henriques will settle its Citibank cases and DCFS cases, it will also take these cases to trial. Citibank has a team of witnesses available to testify in California, and DCFS has offices in the state and will also have a witness at trial. Discover, however, is less willing to produce a witness, so more favorable settlements may be available in these cases.

Debt Buyer Portfolio Recovery Associates from New York typically will not send a witness to trial, so favorable settlements are available here as well. Hunt & Henriques has been known to walk away from – dismiss – its low-value Midland Funding cases, rather than try them.

To see how we can help you with your Hunt & Henriques case, click on one of the links at the top of the page or call us at 877-551-0210 for a FREE consultation.

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