How to Settle Debt with LTD Collections and Protect Your Rights

About 28% of Americans struggle with debt in collections. You’re not alone in facing past-due debts.

LTD Collections can sue you for unpaid debt. Ignoring their lawsuit is a costly mistake.

You have rights and options. You can respond to their lawsuit, negotiate a settlement, and save money.

Our guide shows you exactly how to handle LTD Collections and resolve your debt.

What is LTD Collections?

LTD Financial Services LP is a legitimate debt collection agency. The company started in 1993 and operates from Houston, Texas.

You can contact LTD Collections using this information:

• Phone: (800) 741-2100
• Email: customercare@ltdfin.com
• Address: 3200 Wilcrest Drive, Suite 600, Houston, Texas 77042

You can also negotiate and settle your debt with our partner Solo without making phone calls.

Who Does LTD Collections Collect For?

LTD Financial Services works with major creditors across the country. They handle collection services for leading companies.

The agency provides these services:

• Business process outsourcing
• First-party recoveries
• Third-party recoveries
• Payment processing

Your Rights Under the Fair Debt Collection Practices Act

Federal law protects you from abusive debt collectors. The FDCPA gives you specific rights you can enforce.

Here’s how the Fair Debt Collection Practices Act protects you:

• LTD Collections can’t call before 8:30 a.m. or after 9:00 p.m.
• They cannot harass, abuse, or threaten you
• They must tell the truth about your debt
• They can’t collect more than you actually owe
• They must prove you owe the debt when you request validation
• You can report FDCPA violations and receive up to $1,000 per violation

You can request debt validation by sending a written letter. LTD Collections must then prove the debt amount is accurate.

They must show you actually owe the debt. They must confirm they have rights to collect it.

You can report FDCPA violations to the FTC if LTD Collections breaks these rules.

How to Negotiate a Settlement with LTD Collections

Debt collectors often accept less than the full amount. They buy debts for pennies on the dollar.

You can negotiate a settlement if you can’t afford the full debt. The process is straightforward and can save you money.

Follow these steps to negotiate with LTD Collections:

1. Respond to any lawsuit they filed against you
2. Calculate what you can afford to pay as a lump sum
3. Make your settlement offer in writing or by phone
4. Expect counter-offers and multiple rounds of negotiation
5. Get the final agreement in writing before paying

Start with an offer that’s 30-50% of the total debt. LTD Collections will likely counter with a higher amount.

You can meet somewhere in the middle. Many collectors settle for 40-60% of the original debt.

Our partner Solo makes debt settlement negotiations easy and stress-free. You don’t need to make uncomfortable phone calls.

How to Respond to an LTD Collections Lawsuit

Ignoring a lawsuit won’t make it disappear. Refusing service won’t stop the case from moving forward.

The court will proceed without you. LTD Collections can win by default judgment.

A default judgment gives them serious collection powers. They can garnish your wages and bank accounts.

They can place liens on your property. They can add court costs, interest, and attorney fees to your debt.

You must respond to avoid default judgment. Take these three steps to protect yourself.

Step 1: Answer Every Claim in the Complaint

You must file a written Answer before your state’s deadline. Most states give you 20-30 days to respond.

Your Answer addresses each claim in the Complaint. You respond with “admit,” “deny,” or “deny due to lack of knowledge.”

Deny as many claims as possible. Force LTD Collections to prove their case with evidence.

They may not have proper documentation. They might dismiss the case rather than prove every claim.

Example: Maria received a lawsuit from LTD Collections in Florida. She had 20 days to respond under Florida law.

Maria filed her Answer on time. She denied most claims in the Complaint.

LTD Collections couldn’t provide proof for several claims. They dismissed the case instead of continuing.

Our partner Solo helps you draft your Answer in minutes. The service guides you through every step.

Step 2: Assert Your Affirmative Defenses

Affirmative defenses are legal reasons you might not owe the debt. They’re the strongest part of your lawsuit defense.

Common affirmative defenses include:

• The debt isn’t yours
• You already paid the debt
• The statute of limitations has expired
• Bankruptcy discharged the debt
• You don’t recognize the plaintiff
• The amount claimed is incorrect
• LTD Collections lacks proper licensing

The statute of limitations defense is powerful. Each state sets time limits for debt collection lawsuits.

If LTD Collections waited too long to sue, they lose their legal standing. The case gets dismissed.

Example: John got sued for a five-year-old credit card debt in Texas. The statute of limitations for credit card debt in Texas is four years.

John included the expired statute of limitations as an affirmative defense. LTD Collections dropped the lawsuit immediately.

Choose your affirmative defenses carefully. They can make or break your case.

Step 3: File Your Answer and Serve LTD Collections

You must file your Answer with the court before the deadline. Missing the deadline results in default judgment.

Some courts accept paper filings by mail. Others require electronic filing through their website.

You can file in person at the county clerk’s office. Bring two copies of your Answer.

You must also serve LTD Collections’ attorney with a copy. Service rules vary by state.

Our partner Solo files your Answer in all 50 states. They handle court filing and serving the attorney for you.

How Solo Helps You Respond to LTD Collections

You don’t need an expensive attorney to fight debt collectors. You can represent yourself with the right tools.

Solo empowers you to respond confidently to debt lawsuits. The platform provides everything you need.

Solo helps you with:

• Drafting a proper lawsuit Answer
• Filing your Answer with the court
• Serving LTD Collections’ attorney
• Negotiating settlements for less than you owe

You can handle LTD Collections without a lawyer. You can protect your rights and save thousands of dollars.