Settle Debt with Absolute Resolutions Investments LLC

How to Settle Debt with Absolute Resolutions Investments LLC

Understanding your options for resolving debt collection matters

Absolute Resolutions Investments LLC is a debt collection company that purchases delinquent accounts from original creditors and attempts to collect the full balance. When facing collection efforts from this company, consumers have several options available including debt validation, settlement negotiation, and legal defense strategies. Understanding the debt collection process and your rights under federal law can help you make informed decisions about resolving outstanding obligations. The company operates under specific legal requirements and consumers have protections that can influence the outcome of collection efforts.

Understanding Absolute Resolutions Investments LLC

Absolute Resolutions Investments LLC operates as a debt buyer, purchasing charged-off accounts from credit card companies, banks, and other original creditors at significantly reduced prices. The company then attempts to collect the full original balance plus any applicable fees and interest from consumers. ARI frequently partners with law firms such as Stenger & Stenger, P.C. to file lawsuits against consumers when other collection methods prove unsuccessful. The company files thousands of lawsuits annually as part of their collection strategy. They often work with attorneys including Joe Jammal, Preston Nate, and Joshua Stiers when pursuing legal action. Understanding their business model helps consumers recognize that the company has purchased debts for pennies on the dollar, which can create opportunities for settlement negotiations at amounts less than the full balance claimed.

Purchases charged-off debts from original creditors; Files thousands of lawsuits annually for debt collection; Works with law firms like Stenger & Stenger, P.C.; Can be contacted at (800) 713-0670 and other numbers; Must provide debt validation when requested by consumers

Step-by-Step Settlement Process

The settlement process with Absolute Resolutions Investments LLC follows established procedures that consumers can navigate systematically.

Step 1: Request debt validation in writing within 30 days || Step 2: If you've been sued, you need to respond to the debt lawsuit within your state's timeline (typically 20-30 days). LawLaw can help you generate your Answer and respond to a debt lawsuit. || Step 3: Document all communications and negotiate settlement terms || Step 4: Be persistent when providing settlement offers - you may need to call several times. If unable to pay a lump sum, negotiate a payment plan focusing on affordable monthly amounts. || Step 5: Get any agreement in writing before making payment

Your Rights Under the FDCPA

The Fair Debt Collection Practices Act provides consumers with specific protections when dealing with debt collectors like Absolute Resolutions Investments LLC. Consumers have the right to request validation of the debt within 30 days of initial contact, which requires the collector to provide proof of the debt's validity and their authority to collect it. The law prohibits harassment, false statements, and unfair practices during collection efforts. Consumers can dispute debts they believe are inaccurate or that they don't owe, and collectors must cease collection activities until they provide adequate verification. Additionally, consumers have the right to request that collectors stop contacting them, though this doesn't eliminate the underlying debt obligation.

Request debt validation within 30 days of first contact; Dispute inaccurate or unrecognized debts; Protection from harassment and abusive collection practices; Right to request cessation of contact; Right to legal representation in court proceedings

Negotiation Strategies That Work

Successful negotiation with Absolute Resolutions Investments LLC requires understanding their business model and maintaining persistence throughout the process. Since the company purchases debts at significant discounts, they often have flexibility in settlement amounts, though they may not immediately offer their best terms. When providing settlement offers, persistence is key - consumers may need to call several times and speak with different representatives before reaching an agreement. It's important to document all communications and get any settlement agreement in writing before making payment. Consider starting negotiations at a lower percentage of the claimed balance and be prepared to justify your offer based on your financial circumstances. If a lump sum payment isn't feasible, payment plans can often be negotiated where the focus shifts to affordable monthly amounts rather than the total debt reduction.

Settlement amounts vary by situation, with common ranges of 60-90%. In some cases, payment plans can be negotiated where the focus shifts to monthly payment amounts rather than total debt.

Payment plans are often available if you're unable to make a lump sum offer. When negotiating payment plans, the focus shifts from the total amount to affordable monthly payments.

## Frequently Asked Questions ### Do Absolute Resolutions Investments LLC file lawsuits often? Yes, Absolute Resolutions Investments LLC files thousands of lawsuits annually as part of their collection strategy. They frequently work with law firms like Stenger & Stenger, P.C. and attorneys such as Joe Jammal and Preston Nate. If the debt is legitimate, most people try to reach a resolution through settlement. LawLaw can help you respond to a debt lawsuit. ### Do debt collectors usually win in court? Debt collectors often win cases when consumers don't respond to lawsuits, resulting in default judgments. However, consumers can successfully defend against collection lawsuits by challenging documentation, questioning the collector's right to sue, and filing proper responses within required timeframes. If the debt is legitimate, most people try to reach a resolution through settlement. Get help with legal responses and settlement options through LawLaw. ### Can Absolute Resolutions garnish my wages? Yes, Absolute Resolutions Investments LLC can garnish wages if they obtain a court judgment against you. Wage garnishment occurs when courts order employers to withhold portions of earnings to pay debts. Responding to lawsuits within required timeframes can prevent default judgments that lead to garnishment. LawLaw assists with both lawsuit defense and debt negotiation. ### How to beat a debt collector lawsuit? Beating debt collector lawsuits requires responding within required timeframes, challenging inadequate documentation, and questioning the collector's right to sue. Consumers can file Answer documents disputing claims and request proper debt validation. Settlement negotiations often provide resolution without trial. Find help with lawsuit responses through LawLaw.