How to Negotiate Debt With Alpha Recovery Corp

ALERT: Alpha Recovery Corp is no longer in business. They may have transferred your account to a different debt collector. You may still find the company in your account history.

Alpha Recovery Corp collected past-due student loans and credit card debts. Before filing a lawsuit, the company would contact you to collect the debt. Alpha Recovery would take the matter to court if calls, messaging, and letters did not work.

Debt collection lawsuits are scary for most consumers. You might worry about attorney fees or facing the debt collector alone. Understanding how a debt collector works prepares you to defend yourself effectively.

Who Is Alpha Recovery Corp?

Alpha Recovery Corporation was a nationwide third-party debt collection agency. It specialized in collecting retail credit cards, student loans, auto deficiencies after repossessions, and installment loans. They often purchased debts from creditors who had given up collecting on those accounts.

Alpha Recovery Corporation was based in Colorado with a second office in Tempe, AZ. After a debt went 180 days without payment, creditors would sell it to third-party collectors like Alpha Recovery Corp.

If one of your debts went to Alpha Recovery, you would see the agency on your credit report. If the debt was legitimate, they would attempt to collect it. They might eventually sue you.

Below are the Alpha Recovery Corporation contact details (note that you probably cannot reach anyone since the company went out of business):

• Phone: (877) 359-8714
• Address: 6912 S. Quentin St. #10, Englewood, CO 80112
• BBB profile

Who Does Alpha Recovery Corp Collect For?

Many consumers did not recognize an Alpha Recovery Corp entry on their credit report. Your first interaction with the company was after you defaulted on a debt.

Alpha Recovery Corp specialized in four areas: collections, purchasing, asset sales, and consulting. They collected past due debt in most industries. These included consumer credit card debt, installment loans, secured and unsecured loans, auto repossessions, student loans, and retail credit cards.

Read Alpha Recovery Corp Consumer Reviews Online

A quick review of what fellow consumers say about Alpha Recovery Corp can prepare you. Read online reviews on the following platforms:

• Alpha Recovery Corp reviews on the BBB
• Alpha Recovery Corp reviews on the CFPB database

The differing opinions are based on each consumer’s experience with the company. Many consumers have resolved their debt with Alpha Recovery Corp by responding to their communication. Staying proactive throughout the process is key.

Alpha Recovery Corp Has Taken Me to Court. What Next?

If Alpha Recovery Corp sued you, you had options. You could hire an attorney to respond and represent you in court hearings. If that was too expensive, you could do it yourself.

One option you did not have was to ignore the lawsuit. The debt would not go away. The court might award a default judgment. That could lead to loss of wages, money in your bank account, or other property.

If a debt collector contacts you, do the following. Verify the debt is yours and all the details are correct.

Verify the Debt

Before the lawsuit begins, you can ask Alpha Recovery to verify the account. You can do this by sending a debt validation letter. When a collection agency contacts you about a debt, they must send written verification within 5 days.

That verification letter should contain the facts about the debt. It should include the exact amount owed and the original creditor. You should send a debt validation letter within 30 days of Alpha Recovery’s initial contact.

Respond to the Lawsuit

The next step is to respond to the lawsuit by filing a written Answer. You should receive a Summons and Complaint informing you of a lawsuit. The Complaint document lists why the debt collector is suing you.

The Summons should list a date by which you must respond. The court may issue a default judgment if you don’t respond before the deadline.

Our partner Solo can help you draft and file your Answer document quickly. The first step to responding to the Summons and Complaint is to draft a written Answer document. In your Answer, you should respond to each allegation listed in the Complaint.

Here are six helpful hints for drafting an Answer:

• The Answer isn’t the place to tell your side of the story
• Denying the allegations lets Alpha Recovery back their claims
• Include your affirmative defenses
• Use standard formatting or “style”
• Include the Certificate of Service
• Sign the Answer

After you’ve drafted your Answer, file it with the court. You should also print a copy and mail it to the attorney for Alpha Recovery Corp. Our partner Solo can file your Answer for you. An attorney will review your documents before filing to ensure you have the strongest case possible.

An Answer is only the first step in protecting your rights in a lawsuit. You will need to monitor the progress of your case. Answer any requests for information from the court. Show up for all scheduled hearings until the lawsuit is resolved.

Alpha Recovery May Not Have Sufficient Information to Sue You

If you request documentation and a debt collector cannot provide it, they may not have enough evidence. Some accounts exchange hands several times before ending with Alpha Recovery Corp. The paper trail may be too long to track. The debt collector may give up on the lawsuit.

Remember that withdrawing the lawsuit may be a temporary setback. If the debt belongs to you, the debt collector may regroup. They may get their papers in order and try collecting again.

The best option out of a genuine debt is to pay it. You can also work out a settlement plan with Alpha Recovery.

You can also look into the statute of limitations on debt in your state. That is the period within which a creditor or debt collector can sue you. This period can vary between states but typically lasts four to six years.

Settle the Debt Before Your Court Date

Another viable method of ending a debt collection lawsuit is to settle the debt. Settling the debt means paying less than you owe. Alpha agrees to forgive the amount you cannot afford.

Debt settlement may be viable for struggling consumers who can raise a lump sum payment. The debt settlement process is straightforward. Follow these step-by-step directions to settle your debt with Alpha Recovery Corp.

1. Evaluate your personal finances and determine how much you can offer to pay. While some debt collectors will work with you on an installment plan, you will often receive the best deal if you can offer a lump sum payment.
2. Start the settlement negotiation by sending Alpha Recovery a proposal to settle the debt. This kicks off negotiations. Don’t be surprised if you receive a counteroffer.
3. Once you’ve reached an agreement with Alpha Recovery, make sure you receive a written settlement agreement signed by both parties. Keep this for your records. It is proof that you resolved the debt.
4. Send your payment in on time.
5. If Alpha Recovery has sued you, make sure that you receive notice from the court that the case has been dropped.

If a lawsuit is already in place, respond to it before preparing the proposal. It is costlier to lose the lawsuit. Ensure you beat your state’s filing deadline. Afterward, negotiate a settlement with the collector.

Negotiating with collectors like Alpha Recovery Corp increases your chances of settling debt. You can resolve the lawsuit for less than you owe. You can protect your wages and bank accounts from garnishment.