Resolve Debt with Lockhart Morris and Montgomery: Your Action Plan

You can resolve your debt with Lockhart Morris and Montgomery. Whether you need to settle, dispute, or pay in full, you have options.

Before you start, verify the debt is actually yours. Debt collectors make mistakes.

In this guide, you’ll learn proven strategies to handle Lockhart Morris and Montgomery.

What Is Lockhart Morris and Montgomery?

Lockhart Morris and Montgomery, Inc. is a legitimate third-party collection agency. They operate from Richardson, Texas since 2004.

The agency works differently from most collectors. They start collecting after just one or two missed payments.

LMM offers these collection services:

• Third-party consumer collection
• Third-party company collection services
• Early out collection
• Legal outsourcing
• Late stage collection
• Receivable purchases

They can even help you adjust payment plans before things escalate. Early intervention can prevent a lawsuit entirely.

Lockhart Morris and Montgomery Contact Information

You can reach Lockhart Morris and Montgomery here:

• Address: 1401 N Central Expressway, Suite 225, Richardson, TX 75080
• Phone number: (877) 214-3355
• Website: https://www.lmminc.com/

Settle Your Debt with Lockhart Morris and Montgomery

Debt settlement works when you can’t afford the full amount. You offer a lower payment in exchange for closing the account.

Start your offer below what you can actually afford. LMM will likely counter, and you need negotiation room.

If Lockhart Morris and Montgomery has sued you, follow these three steps:

1. Respond to the Lawsuit

Draft and file an Answer document with the court. You must respond before the deadline on your summons.

An Answer prevents a default judgment against you. Our partner Solo can help you respond correctly.

Your Answer buys you time to negotiate without an automatic loss.

2. Make a Realistic Settlement Offer

Determine what you can actually pay. Can you afford a lump sum or monthly installments?

Start with 40-60% of the total debt amount. Be prepared for a counteroffer.

LMM will investigate whether you genuinely cannot pay the full balance. Have documentation ready showing your financial hardship.

3. Get the Settlement Agreement in Writing

Never accept a verbal agreement. Demand written terms before you pay anything.

Your settlement agreement should include:

• The exact settlement amount
• Payment due date or schedule
• Agreement to dismiss the lawsuit
• Statement that debt will be satisfied in full

File the agreement with the court handling your case.

Many people struggle to negotiate effectively. Our partner Solo provides a digital platform for settlement negotiations.

You can handle everything without stressful phone calls or court appearances.

Pay Lockhart Morris and Montgomery in Full

Paying the full debt is the fastest resolution. You have two main strategies:

Debt Consolidation

Apply for a personal loan to pay off all your debts. You’ll have one monthly payment with better interest rates.

You can also transfer credit card balances to a new card. Look for 0% APR promotional offers.

Pay the balance before the promotional period ends. Otherwise, you’ll face higher interest rates.

Use Available Funds

Consider using savings, gifts, or matured investments. Clearing debt gives you a fresh financial start.

Weigh the pros and cons carefully. Is paying off debt now better than keeping emergency savings?

The less debt you carry, the easier you can plan your finances.

Impact on Your Credit Score

Your credit score may temporarily drop after paying a collection account. Keep the account open after clearing the debt.

Account age matters for your credit score. An older account helps your credit profile.

File a Dispute with Lockhart Morris and Montgomery

Sometimes resolving debt means disputing an incorrect entry. Wrong information damages your credit score.

Bad credit can prevent you from getting loans or credit cards. Follow these steps to dispute a debt:

1. Request your credit report from Equifax, TransUnion, and Experian
2. Highlight erroneous information and gather supporting documents
3. Send a dispute letter to all three credit bureaus by certified mail
4. Send a copy to Lockhart Morris and Montgomery

The credit bureaus have 30 days to investigate. They’ll either remove the debt or correct the errors.

Never agree to pay a debt you don’t recognize. Send a debt validation letter first.

Demand proof that the debt is yours and the amount is accurate.

Lockhart Morris and Montgomery Reviews and Complaints

Lockhart Morris and Montgomery has a 3.2-star rating on BBB. Most collection agencies score below two stars.

WalletHub shows 226 reviews with a 3.7 average rating. Birdeye gives them 4.3 stars from 486 reviews.

However, BBB records over 301 complaints in the last three years. Common complaints include:

Know Your Rights When Dealing with Collectors

The Fair Debt Collection Practices Act protects you from abusive practices. Collectors cannot:

• Call you before 8 a.m. or after 9 p.m.
• Contact you at work if you tell them to stop
• Threaten you with arrest or violence
• Use obscene or profane language
• Harass you with repeated calls

If Lockhart Morris and Montgomery violates your rights, document everything. You can sue them for FDCPA violations.

You may recover up to $1,000 in damages plus attorney fees.