How to Settle Debt with Persolve LLC and Win Your Case

Persolve only pursues you if you have an overdue debt. Ignoring their calls won’t make the problem disappear. Engaging with Persolve LLC helps you resolve the matter faster.

Unresolved debts damage your credit report for years. They affect your access to credit when you need it most. The sooner you close the account, the faster you regain financial health.

Persolve is a third-party debt collector. If you don’t know how they got your account, speak with customer service. They should tell you who your original creditor is.

Who is Persolve LLC

Persolve LLC, also known as Persolve Legal Group LLP, is a debt collection law firm. The company has headquarters in Northridge, California. The firm focuses on litigation in California and nationwide debt collections. Persolve has been in business since 2006.

Here’s how to reach them:

• Phone: 818-534-3100
• Address: 9301 Corbin Ave #1600, Northridge, CA 91324-2508
• Website: https://persolve.com/

Persolve also has a consumer contact page where you can describe your issue.

Who Does Persolve LLC Collect For

Persolve LLC buys past due debts to collect on. The firm may also collect for the original creditor directly. It recovers past-due debts from these account types:

• Consumer and retail credit cards
• Consumer loans and lines of credit
• Commercial loans and lines of credit
• Auto deficiency in repossessions

If a creditor transfers your account to Persolve LLC, you must work with them.

Check Persolve Reviews Online

There are mixed reviews about Persolve LLC online. You can read them on the Better Business Bureau profile. You can also check the CFPB database for consumer complaints.

Many consumers resolve debt faster than expected by engaging the collector. If you have an account in collections with Persolve LLC, contact them. Don’t wait for the situation to escalate to a lawsuit.

What to Do When Your Debt Goes to Collections

You can resolve a debt long before it goes to court. Most consumers don’t know what to do because advice varies widely. Your friends may tell you to ignore debt collectors completely. Debt settlement companies may advise you to stop making payments entirely.

None of these options may work for you. You only risk a lawsuit, which further complicates the matter. Instead, engage the debt collector directly. Take these steps as soon as your debt goes to collection:

Ask For Proof of Your Original Debt

The best way to respond is to require proof that Persolve LLC owns the debt. You should determine that the debt details are accurate. Review your previous statements alongside Persolve LLC’s records. Ask Persolve LLC to provide documentation showing how they acquired the debt.

When you request proof, Persolve LLC must provide:

• A signed credit agreement with the original creditor
• Documentation of the paperwork chain of custody

Proper documentation confirms the debt’s validity and Persolve LLC’s right to collect.

Check the Statute of Limitations on the Debt

The statute of limitations governs how long a creditor can sue you. The clock starts ticking on the last day you were active. It can last four to six years, depending on your state laws.

If the debt collector waits too long, they cannot sue you. They can still contact you and ask you to pay. However, litigation is no longer an option for them.

How to Settle a Persolve LLC Debt Collection Lawsuit

Debt collection lawsuits are scary, but you can resolve them. You have the following options:

• Pay the debt in full
• Set up a repayment plan with Persolve
• Settle the debt with a one-time payment

All three options are viable for different situations. However, settling the debt is the best option if you can’t afford full payment. Although you must raise a large sum, you do so once. You eliminate the possibility of defaulting on a payment plan.

If Persolve accepts your offer, you can begin rebuilding your credit. Our partner Solo can help you respond to the lawsuit and negotiate a settlement.

Steps to Settle Your Persolve Debt

Follow these steps to settle with Persolve LLC:

1. Answer any pending lawsuits immediately to avoid default judgment
2. Raise enough money to make a settlement offer
3. Contact Persolve LLC outlining the proposed settlement amount
4. Include information about hardships that resulted in your defaulting
5. Respond to Persolve LLC’s counteroffers promptly
6. Get the agreement in writing before paying anything
7. Make sure you receive a signed settlement agreement for your records
8. Pay the settlement amount according to the agreement terms

After filing your Answer with the court, monitor the case. Continue checking until you’ve reached a complete resolution. Don’t assume the case is closed without written confirmation.

Negotiating a settlement takes patience and strategy. You may need to make multiple offers before reaching an agreement. Start with a lower offer and leave room for negotiation.

Know Your Rights to Protect Your Rights

The Fair Debt Collection Practices Act protects consumers from harassment. If Persolve has violated these rules, you may file a counterclaim. The counterclaim allows you to seek compensation for related damages.

These violations might include:

• Swearing and harassing you by calling names
• Failing to identify themselves as a debt collector
• Refusing to identify which company they represent
• Pretending to be a police officer or law enforcement
• Lying in any way about the debt or consequences
• Calling you at odd hours like early morning or late night
• Telling anyone other than your spouse about your debt
• Using profane or obscene language during calls
• Making threats of violence or illegal actions

Although completely illegal, debt collectors sometimes attempt these scare tactics. They may think you don’t know your rights. Persolve trains its collectors to follow the FDCPA rules. However, that doesn’t mean Persolve collectors are perfect at it.

Document all communications with Persolve LLC in case you need evidence. Save voicemails, emails, and letters they send you. Note the date, time, and content of phone calls. Our partner Solo can help you respond to Persolve’s lawsuit and protect your rights.

What Happens If You Ignore Persolve LLC

Ignoring Persolve LLC won’t make the debt disappear. The firm can file a lawsuit against you in court. If you don’t respond to the lawsuit, the court may grant a default judgment.

A default judgment allows Persolve to:

• Garnish your wages directly from your paycheck
• Levy your bank accounts and freeze your funds
• Place liens on your property
• Report the judgment to credit bureaus

You can avoid these consequences by responding to the lawsuit. You have a limited time to file your Answer. Most states give you between 20 and 30 days to respond.

Don’t miss your deadline to answer the summons. File your Answer with the court before time runs out. Include your affirmative defenses in your response.

Negotiating with Persolve LLC

Persolve LLC may be willing to negotiate a settlement. Debt collectors often accept less than the full amount owed. They purchased the debt for pennies on the dollar. Any amount they collect represents profit for them.

Start by offering 30-40% of the total debt amount. Persolve may counter with a higher percentage. You can negotiate back and forth until you reach an agreement.

Some tips for successful negotiation:

• Have funds available before you start negotiating
• Get all settlement terms in writing before paying
• Request a “paid in full” notation instead of “settled for less”
• Never give Persolve access to your bank account
• Pay with a cashier’s check or money order for documentation

You have leverage if the debt is old or near the statute of limitations. Persolve knows they have limited time to collect. They may accept a lower settlement to close the account quickly.