How to Settle Debt With Oliphant Financial, LLC
Oliphant Financial can sue you for unpaid debt, but you have powerful options. File a written Answer immediately to avoid default judgment and gain negotiating leverage. Most debt buyers settle for 10-40% of the original amount, especially when you validate the debt and highlight financial hardship.
Answer Your LawsuitOliphant Financial, LLC is pursuing you for a debt. You feel frustrated and anxious about what happens next.
You might not even know who they are. Or why they claim you owe them money.
Oliphant Financial Sued You? Respond in Minutes
Don't let Oliphant Financial win by default. 95% of consumers lose because they don't respond. File your Answer now and gain negotiating power to settle for 10-40% of what you owe.
Respond to LawsuitBefore you pay anything, understand what they want. Debt collectors sometimes pursue debts you don’t legitimately owe.
If you do owe the debt, you can negotiate a settlement. Read on for strategies to settle with Oliphant Financial.
What Is Oliphant Financial, LLC?
Oliphant Financial, LLC is a legitimate debt collection agency in Florida. For over 30 years, they’ve purchased portfolios of discharged and delinquent accounts.
They buy debt from major banks, alternative lenders, and financial institutions. Then they attempt to collect from the original borrowers.
Here’s how to contact Oliphant Financial, LLC:
- Phone: (800) 262-1999
- Address: 1800 2nd St #603, Sarasota, FL 34236
- Email: info@oliphantfinancial.com
- Website: oliphantfinancial.com
Who Does Oliphant Financial Collect For?
Oliphant Financial purchases various types of consumer debt. Their portfolio includes credit card receivables, retail private label cards, and consumer loans.
When they contact you, they’ll usually demand the full amount. But they may accept less through negotiated settlement to avoid litigation.
Even settling for less still generates profit for them. Keep that in mind when you negotiate.
Read Oliphant Financial Reviews Online
Want to know what others experienced with Oliphant Financial? Check these legitimate review sources:
- Better Business Bureau reviews
- Google reviews
- CFPB consumer complaint database
Most reviews report complaints about negative experiences with the company. But several people shared very positive outcomes.
People who communicate willingly typically reach resolutions faster with less tension.
Don was able to settle his credit card debt:
“The only debt collectors I’ve spoken with that actually tried to help me get my charged off credit card settled. Very nice and respectful, I was surprised.”
When you engage in conversation with Oliphant Financial, you can negotiate favorable terms.
Can Oliphant Financial Sue Me or Garnish My Wages?
Yes, Oliphant Financial can sue you for unpaid debt. If they win a judgment, they can garnish your wages.
It’s illegal for them to threaten lawsuits without intending to follow through. But they can sue if they have proof you owe the debt.
Companies sometimes obtain default judgments to garnish wages. You need to protect yourself if you receive a lawsuit notice.
What Should I Do If Oliphant Financial Threatens a Lawsuit?
Know your rights if Oliphant Financial threatens legal action. The FTC, CFPB, and attorney general protect consumers from wrongful debt practices.
Before answering questions, verify the collector works for Oliphant Financial. Some scammers pretend to represent legitimate companies.
Ask them to provide:
- Account number and your personal details
- Company name, address, and the collector’s professional licensing number
If they can’t provide correct information, you’re dealing with a scammer. Don’t give them any details.
Ask Oliphant Financial to Validate the Debt
Legitimate debt collectors understand your rights under the Fair Debt Collection Practices Act. If they demand repayment, make them prove you owe it.
Send a Debt Validation Letter. They must develop details about your debt and provide them to you.
They can’t legally contact you until they’ve given you that information. Most debt collectors give up after receiving validation requests.
What If Oliphant Financial Sues Me?
If Oliphant Financial files a lawsuit, you must file a written Answer immediately. Our partner Solo can help you respond to the debt lawsuit in minutes.
Failure to respond leads to a default judgment. With a default judgment, they can garnish your wages, freeze your bank account, and put liens on your property.
Complete these three critical steps:
- Respond to every paragraph in the Complaint
- Assert your Affirmative Defenses
- File the Answer with the court and send a copy to the plaintiff
1. Respond to Every Paragraph in the Complaint
The Complaint includes numbered paragraphs laying out the lawsuit against you. Debt collection cases usually have 10 to 30 paragraphs.
Read each paragraph and respond in one of three ways:
- Admit: You agree with everything in the paragraph
- Deny: You want the debt collector to prove it’s true
- Lack of knowledge: You don’t understand or don’t have information to respond
Many attorneys recommend denying everything to force the other side to prove their case.
2. Assert Your Affirmative Defenses
An affirmative defense is a reason why the lawsuit shouldn’t succeed. You must list these in your Answer or lose the right to raise them later.
Common defenses include:
- The account is not your account
- The contract was already canceled
- The statute of limitations has expired
- The debt has been paid or excused
- The debt has been partially paid
- You were a co-signer but weren’t informed of your rights
Being unable to pay is not normally a legal defense.
3. File the Answer With the Court and Send a Copy to the Plaintiff
Once you’ve created your Answer, you’re ready for the final step. The Answer is worthless unless you file it properly.
Here’s what you need to do:
- Print three copies of your Answer
- Mail one copy to the court
- Mail another copy to the plaintiff’s attorney
- Keep the last copy for your records
The attorney’s address appears in the Summons and Complaint. Our partner Solo figures out court addresses and ensures your Answer reaches the right place.
How to Settle Debt With Oliphant Financial
If you owe the debt, settlement could resolve the lawsuit. Here are key strategies from experienced consumer rights attorneys:
File an Answer to Avoid Default Judgment
Filing a written answer is crucial when facing a lawsuit. 95% of consumers fail to respond, leading to default judgments.
Filing an answer buys you time. It also puts pressure on the debt buyer to prove their case, increasing your leverage.
Leverage the Junk Debt Buyer Model
Oliphant Financial likely purchased your debt for pennies on the dollar. Junk debt buyers often lack full documentation to prove the debt.
Request debt validation and push them to prove they legally own the debt. Pressure can lead to settlement or dismissal.
Start With a Low Settlement Offer
Offer a realistic but low settlement amount to start. Junk debt buyers commonly settle for 10-40% of the original debt.
Start lower, knowing they’ll counter. Aim to settle for a percentage within your budget.
Highlight Your Financial Hardship
Experiencing unemployment or receiving Social Security income? Emphasize your financial hardship during negotiations.
Debt collectors settle more readily if collecting the full amount seems difficult. Outline your limited income or other debts.
Avoid Over-Explaining in Your Answer
Don’t provide too much information in your answer to the lawsuit. Stick to denying claims you don’t have concrete knowledge about.
Force the debt collector to prove each element of their case. Strategic denial often leads to better settlement offers.
Following these strategies helps you negotiate favorable terms with Oliphant Financial. You can avoid the costly consequences of a default judgment.