Being sued for debt collection can be daunting. If Absolute Resolutions Investments, LLC is suing you, you may understandably be confused and unsure how to defend yourself. You may also consider ignoring the lawsuit. However, you likely have more legal options than you think to fight the lawsuit. Below, we discuss what to know if you are up against an Absolute Resolutions Investments, LLC lawsuit in Texas.
What Is Absolute Resolutions Investments, LLC?
Absolute Resolutions Investments, LLC is a legitimate debt buyer based in Bloomington, Minnesota. Absolute Resolutions Investments, LLC is also known as Absolute Resolutions Corporation. Additionally, it refers to itself as ARI or ARC.
It purchases discharged debt portfolios from banks and credit card companies. Examples of debt it acquires include debts from credit cards, retail cards, and personal loans. It buys defaulted accounts at a discounted price and then pursues the total amount of debt from consumers through collection tactics like lawsuits.
ARI may work with third-party service partners to pursue collection. For example, it works with law firms that focus on pursuing debt collection. Absolute Resolutions often works with the law firm Scott & Associates, P.C. for its Texas collection cases. You can learn more about being sued by Scott & Associates, P.C. here.
Why Is Absolute Resolutions Investments Taking Me to Court?
It is possible that ARI purchased your credit card, bank card, or personal loan account from your original creditor. If an original creditor determines it will not likely recover a debt after missed payments, it may charge off the account and sell it to a debt buyer like Absolute Resolutions. Selling charged-off accounts helps financial institutions recover some of their losses.
However, when a creditor sells an account, it does not mean the consumer does not owe the money anymore. Instead, the consumer may owe the money to the new account owner. Therefore, if ARI is suing you and taking you to court, it believes it owns your debt account and you owe it money.
Explore Your Legal Options With a Dedicated North Texas Debt Defense Attorney
Are you facing an Absolute Resolutions Investment, LLC lawsuit? We encourage you to discuss your legal options with an experienced attorney. The North Texas debt defense lawyers at Warren & Migliaccio have extensive experience and success assisting individuals in collection lawsuits. We help our clients defend themselves against debt collectors and reach favorable resolutions in their cases.
You are not required to have legal representation from an attorney. However, having experienced counsel to guide you through the legal process gives you a better chance of a positive case outcome. A few of the ways our debt resolution attorneys may be able to help you include:
- Completing and filing an Answer contesting ARI’s lawsuit
- Demanding debt validation from ARI
- Investigating the strength of ARI’s claims
- Determining and building defense strategies
- Representing you through negotiations or litigation
We welcome you to contact us online to schedule a consultation to discuss your case.
What Are Common Case Outcomes in a Debt Collection Lawsuit?
There are a few potential outcomes for your case with Absolute Resolution Investments. These outcomes include the following:
A default judgment may happen if you dismiss the Absolute Resolution Investment lawsuit. If you do not respond to the notice or show up in court, the court will likely judge in ARI’s favor, entitling it to the money. Once it has a judgment against you, it may be able to get the money in various ways. It may use bank garnishment, property liens, or property seizure to recover the debt.
Unfortunately, many people do not contest collection lawsuits. Ignoring the lawsuit makes it easy for a debt collector to get access to money you may not owe. It is the worst choice you can make to protect yourself from having to pay a debt.
Many debt collection lawsuits have weaknesses. This is especially true when a discharged account has switched hands and has been purchased by another company. You should contest the lawsuit as soon as possible and demand that ARI validates the debt. Absolute Resolution Investments may not have enough proof to show that the debt is yours and that you owe it. If this is the case, it may drop the lawsuit.
There may also be other weaknesses in ARI’s case. For example, an expired statute of limitations could get the case dismissed. In Texas, a debt collector only has four years to pursue unpaid debts with litigation.
If ARI has a strong case against you and you want to avoid litigation, negotiating a settlement may be a good option. Debt collectors typically want to avoid litigation too. Litigation is expensive and costs the company resources. They also do not want to risk losing in court. Because of these reasons, you may be able to negotiate and reach an Absolute Investments settlement. Additionally, you may be able to negotiate a settlement that is less than the alleged debt with a payment plan that works for you.
Another potential legal option is to fight the lawsuit. If you have a strong case against ARI’s claims, defending yourself in court may be a good option for you, and you may be able to win the case.
Alternative Debt Resolution.
Depending on your unique situation, you may be able to discharge the debt through alternative debt resolution. Our North Texas debt resolution attorneys may recommend pursuing bankruptcy if you qualify for it and the debt is too much to handle.
Contact Our North Texas Debt Defense Lawyers to Discuss Your Legal Options
Have you received a lawsuit notice from Absolute Resolutions Investments about an unresolved debt? If so, time is of the essence to protect yourself from a default judgment. We understand you may be facing an unprecedented and challenging time. Warren & Migliaccio provides affordable legal services to help you reach an effective outcome for your case.
Learn more about your potential legal options during a consultation with our North Texas debt defense attorneys. Call our office or contact us online to schedule your consultation today. We can answer your legal questions and determine how we can help you.