Did Zwicker & Associates reach out to you about an unpaid debt? Whether it’s a call, letter, or even a lawsuit, dealing with debt collectors can be stressful. Zwicker & Associates is a debt collection law firm that collects money owed to original creditors and third-party debt buyers. According to the company’s website, www.zwickerpc.com, Zwicker & Associates, P.C. is a law firm whose primary business function is debt collection. The company is located at 80 Minuteman Rd. Andover, MA 01810 and can be reached at 1-833-210-5100.
Who Are Zwicker & Associates?
Zwicker & Associates is a company that buys overdue consumer debts at a really low cost from the original creditors. They often deal with big names like American Express, Chase, and Discover. After getting hold of these debts, they try to collect the full amount from the consumers. If they believe you owe them money, they might even report it to credit bureaus, affecting your credit report.
Is Zwicker & Associates A Real Law Firm?
Yes, Zwicker & Associates is a legitimate law firm specializing in debt collection and legal actions. However, just because they’re a law firm doesn’t guarantee that you’ll interact with an attorney. More often, you’ll likely communicate with a collections agent rather than an actual lawyer.
Lawsuit Against Zwicker & Associates
The law firm, Zwicker & Associates, has faced allegations of violating debt collection laws. In a suggested class-action lawsuit, a plaintiff claimed that the firm sent out debt collection letters that didn’t meet the requirements of the Fair Debt Collection Practices Act (FDCPA). Specifically, the letters were accused of not adequately disclosing the amount of the alleged debt as mandated by the law.
Zwicker & Associates Complaints
In 2019, Zwicker & Associates garnered 47 complaints filed with the Consumer Financial Protection Bureau (CFPB). Notably, the company responded promptly to all 47 cases, closing 45 with detailed explanations and resolving two with non-monetary relief. The nature of the complaints covered various issues such as attempts to collect a debt not owed, threats of negative or legal action, concerns about written notifications regarding a debt, communication tactics, false statements or misrepresentation, and improper threats to contact or share information with others. If you believe your rights have been violated, you have the option to report Zwicker & Associates to your state’s attorney general, the Federal Trade Commission, and the CFPB.
How To Deal With Zwicker & Associates’ Collection Calls And Letters
Zwicker & Associates often buys debts from big credit card companies at a lower cost than what you originally owed. So, if they’re trying to collect money from you, they’re aiming to make a profit. Paying the full debt amount might not be the best move because Zwicker could still make a profit with a much lower settlement. It’s usually better to negotiate for a lower payment instead of paying the entire amount they’re asking for.
Ask Zwicker & Associates To Validate And Verify The Debt
If a debt collector calls you, it doesn’t automatically mean you have to pay up. You have a way to deal with those annoying calls using a tool called a Debt Validation Letter. Send this letter within thirty days of being contacted by the collector. The letter basically asks the collector to prove that the debt is accurate and actually belongs to you by providing documented proof. Once they get this letter, they have to mark the debt as disputed until they can prove it’s legit. It’s essential to send the letter using certified mail to have proof that they got it. A lot of collection agencies stop bothering you once they get this letter. They might still contact you, but they can’t hassle you for the money until they prove the debt is valid. They also need to show they’re licensed to collect in your state. You can make your own Debt Validation Letter with the help of SoloSuit to put an end to those calls. If they do validate the debt, check for any mistakes and dispute them right away.
What Happens If Zwicker & Associates Sues You?
Zwicker & Associates might hit you with a lawsuit sooner than you think, but you can turn the tables in your favor. Here’s how:
1. Respond to the Summons: If you get a court Summons, don’t ignore it. Ignoring it could lead to a default judgment against you. That’s bad news.
2. Check the Statute of Limitations: Every state has a time limit for debt lawsuits. If your debt is ancient, they can’t sue you. Typically, after seven years, the debt is beyond the statute of limitations, and they can’t touch you.
3. Settle Out of Court: Debt settlement firms often have experience negotiating with creditors. They may be able to work out a deal to settle your debt for less than the full amount owed.
Settle Your Debt With Zwicker & Associates
Debt settlement is a process where you negotiate with your creditors to pay less than the total amount you owe. Here’s how it works: First, a debt settlement firm will assess your financial situation to figure out what you can afford to offer as a settlement. Then, the debt settlement company will reach out to the creditor to negotiate a lower payment. If they agree, you make the negotiated payment, and the remaining debt is considered settled. It’s crucial to get any settlement agreement in writing. It’s essential to carefully consider the pros and cons of debt settlement and, if needed, seek advice from financial professionals.
CuraDebt Is Here To Help
CuraDebt has been helping individuals and small businesses for over 23 years nationwide and is one of the oldest and most experienced in the debt relief industry. As of May 2023 CuraDebt received a score of 5 out of 5 on CustomerLobby for a total of 1179 customer views. CuraDebt is an Accredited Member of the American Fair Credit Council. Contact us toll free today for a free consultation. 1-877-850-3328. Not only do we handle personal debt relief, we also offer business debt relief and tax debt relief.