Sued By Second Round Sub LLC? Here’s How to Settle Your Debt
Responding promptly to a Second Round Sub LLC lawsuit prevents default judgments and serious financial consequences. You can negotiate settlements for 30-60% of the balance since they purchased your debt at a steep discount. Always get settlement terms in writing before making any payment.
Answer Your LawsuitMillions of Americans face debt lawsuits every year. Most don’t know how to respond properly.
Ignoring the lawsuit is the worst choice you can make. You must respond within 14 to 30 days of receiving the summons. Failing to act will result in serious consequences.
Respond to Second Round Sub Before the Deadline
You have only 14-30 days to file your Answer and avoid a default judgment. Solo helps you respond correctly and negotiate settlements with Second Round Sub.
Start Your ResponseA default judgment allows the debt collector to win automatically. Your financial future hangs in the balance.
What Happens If You Ignore a Debt Lawsuit
A judgment against you can remain on your record for up to 20 years. Your credit score will plummet, making it difficult to secure housing or loans.
The court grants the collector powerful tools to recover the debt:
- Wage garnishment from your paycheck
- Bank account levies that freeze your funds
- Property liens that attach to your home
- Seizure of personal property
You can avoid these outcomes by responding promptly. Settlement offers you a path to resolve the debt quickly. Fighting the lawsuit in court is also an option.
Our partner Solo helps you respond to debt lawsuits and negotiate settlements effectively.
Understanding Second Round Sub LLC
Second Round Sub LLC operates as a debt collection company. The firm started in 2008 and maintains offices in Austin, Texas. They hold an A+ rating with the Better Business Bureau.
Contact information for Second Round Sub:
- Phone: 866-950-6357
- Address: P.O. Box 41955, Austin, TX 78704
- Website: https://www.second-round.com/
Who Second Round Collects Debts For
Second Round purchases debts from various original creditors. They acquire accounts from multiple sources:
- Credit card companies
- Banks and financial institutions
- Personal loan lenders
- Utility service providers
- Telecommunications companies
- FinTech platforms
The company buys debts for pennies on the dollar. Debts often change hands multiple times before reaching Second Round. Their low purchase price gives them significant room to negotiate settlements.
What Consumers Say About Second Round LLC
Online reviews provide insight into how the company operates. You can find Second Round reviews on the Better Business Bureau website, CFPB consumer database, and Google.
Reviews vary widely depending on individual experiences. Some consumers report positive interactions with collection representatives.
One customer named Kaila shared her experience:
“Spoke with a guy named Craig who helped me very cordially in paying off a debt. He helped me set up a payment plan and was very informative.”
Open communication often leads to workable solutions. Many collectors will negotiate payment terms if you engage honestly about your financial situation.
How to Respond When Second Round Sub Sues You
Collect All Documentation About Your Debt
Second Round Sub is not your original creditor. The debt may have been sold multiple times over the years. Some debts are so old that consumers forget they exist.
Gather these critical documents:
- Validation letter proving Second Round owns the debt
- Original creditor information from the summons
- Credit agreement or last statement showing the debt is yours
- Statute of limitations information for your state
The statute of limitations determines how long collectors can sue you. Each state sets different time limits ranging from two to 20 years. Most states fall between four and six years.
Time-barred debts cannot be legally pursued through lawsuits. Collectors may still attempt to sue on expired debts.
File Your Answer Before the Deadline
Responding to the lawsuit protects your legal rights. You typically have 14 to 30 days from receiving the summons.
You must file an Answer with the court. Send a copy by certified mail to Second Round’s attorney.
Your Answer addresses each allegation in the complaint three ways:
- Admit: You confirm the statement is accurate and true
- Deny: You dispute the information presented as false
- Deny due to lack of knowledge: You cannot confirm or deny the claim
Our partner Solo simplifies the process of creating and filing your Answer to block default judgments.
Prepare for Your Court Hearing
Appearing at your hearing is mandatory unless you settle first. The plaintiff may also agree to dismiss the case before trial.
The judge will determine if you owe the debt. You have the opportunity to present your defense in court.
Valid legal defenses exist even when you purchased something. Undelivered goods, breached contracts, or unenforceable agreements strengthen your case.
Debt collectors who purchase accounts often avoid court battles. They prefer quick settlements over lengthy litigation.
Steps to Settle Your Debt With Second Round LLC
Settling saves you money and resolves the lawsuit quickly. Follow these steps to negotiate effectively:
- Verify the debt details: Confirm the amount owed, the original creditor, and that the debt is valid
- Review your budget: Calculate how much you can afford as a lump sum payment
- Initiate written contact: Email Second Round expressing your settlement intentions. Keep all negotiations documented in writing. Follow up phone calls with written summaries
- Make your offer: Propose a settlement amount lower than the full balance
- Get written confirmation: Require a Settlement Agreement stating the payment amount and debt forgiveness terms
- Complete payment: Pay the agreed amount through a secure method
Written documentation protects you from future disputes. Never rely on verbal agreements alone.
Negotiation Strategies That Work
Second Round purchased your debt at a steep discount. They paid far less than the original balance owed.
Start your offer at 30-40% of the total debt. The company still profits even at reduced amounts. Be prepared to negotiate upward to 50-60% of the balance.
Emphasize your financial hardship if applicable. Collectors often accept lower amounts when you demonstrate limited resources.
Request debt forgiveness in writing before making payment. The agreement must specify that the remaining balance will be forgiven.
Lump sum payments are more attractive to collectors. Monthly payment plans offer less incentive for steep discounts.
Protect Yourself During Settlement
Document every interaction with Second Round Sub LLC. Save all emails, letters, and written correspondence.
Never provide direct access to your bank account. Use secure payment methods that you control completely.
Request a satisfaction letter after payment. The letter confirms the debt is resolved and satisfied in full.
Monitor your credit report after settlement. Ensure the account status reflects the agreement terms accurately.
The settled account may still appear on your credit report. The status should show “settled” or “paid settlement” rather than outstanding.
When to Consider Legal Help
Complex cases benefit from professional guidance. Consider consulting an attorney if:
- You believe the debt is not yours
- The statute of limitations has expired
- Second Round lacks proper documentation
- You face multiple lawsuits simultaneously
- The debt amount exceeds several thousand dollars
Consumer protection laws regulate debt collection practices. Violations of the Fair Debt Collection Practices Act provide grounds for countersuits.
Many consumer attorneys offer free consultations. Some work on contingency, meaning they only get paid if you win.