What is CreditFresh? How to Fight Back Against Aggressive Collectors
CreditFresh charges predatory interest rates up to 200% and aggressively pursues collections through lawsuits. You can defend yourself by filing an Answer that challenges their claims and asserts affirmative defenses like statute of limitations. Most CreditFresh debts can be settled for 30-50% of the claimed amount before or during litigation.
Answer CreditFresh LawsuitCreditFresh offers personal credit lines you can borrow against and repay repeatedly. Unlike installment loans with fixed payments, these are cash advances you can draw from as needed.
The company targets borrowers with low credit scores. They charge extremely high interest rates and engage in aggressive collection tactics. CreditFresh may even sue you if your account becomes delinquent.
CreditFresh Sued You? Respond in Minutes
Don't let CreditFresh win by default. Answer their lawsuit with proper legal defenses and protect your wages from garnishment. Time is running out to respond.
Start Your AnswerYou have options to defend yourself. You can respond to their lawsuit and win. You can also negotiate a settlement for less than you owe.
How Does CreditFresh Operate?
Founded in 2019, CreditFresh operates in 15 states. They offer credit lines ranging from $500 to $5,000 to consumers with poor credit.
The company markets fast funding to attract people facing financial emergencies. Their business model relies on charging sky-high interest rates to cover lending risks.
When you apply through their website, you may receive credit from partner banks. These include CBW Bank and First Electronic Bank, both FDIC members.
Contact Information
Headquarters: 200 Continental Dr. Ste 401, Newark, Delaware, 19713
Phone Number: (800) 766-2007
Website: www.creditfresh.com
What Consumers Should Know About CreditFresh
CreditFresh charges extremely high interest rates. The Better Business Bureau gives them an F rating and does not accredit them.
The company practices bait and switch tactics. You might get approved for one loan amount, then learn you qualify for much less. The interest rate often jumps higher than initially quoted.
CreditFresh posts this warning on their website:
“A Line of Credit through CreditFresh is an expensive form of credit and should not be used as a long-term financial solution.”
When a lender posts such a warning, you should proceed with extreme caution.
Predatory Lending Practices
The starting APR for CreditFresh is 65%. Rates can reach as high as 200%. The fee structure lacks transparency, making it difficult to calculate total borrowing costs.
These tactics often qualify as predatory lending. They place unfair and abusive loan terms on unsuspecting consumers.
How to Respond to a CreditFresh Lawsuit
Getting sued by CreditFresh doesn’t mean you’ve lost. You can defend yourself and potentially win your case.
Our partner Solo helps you prepare court documents to respond properly. You can represent yourself without hiring an expensive attorney.
Follow these three steps to respond effectively:
1. Answer Each Claim in the Complaint
Your Answer document must respond to every allegation in the Complaint. You have three options for each claim.
- Admit the claim is true
- Deny the claim is false
- Deny due to lack of knowledge
Focus your energy on denying claims where CreditFresh lacks proper documentation.
2. Assert Your Affirmative Defenses
CreditFresh must prove they have the legal right to collect this debt. They often struggle to provide proper evidence. Common defenses include:
- Statute of limitations has expired
- CreditFresh lacks standing to sue
- The debt amount is incorrect
- They failed to provide required documentation
The statute of limitations varies by state. Most states set it between four and six years. Check your state’s specific time limit.
3. File Your Answer and Send a Copy to CreditFresh
File your Answer with the court before the deadline. Your state determines how long you have to respond. Most states give you 20 to 30 days.
After filing, send a copy to CreditFresh’s attorneys by certified mail. Keep your receipt as proof of delivery.
Settle Your Debt With CreditFresh for Less
Debt collectors often buy debts for pennies on the dollar. CreditFresh regularly settles for less than the full amount owed.
You can negotiate directly with them to reduce your balance. Many consumers settle CreditFresh debts for 30-50% of the claimed amount.
Settlement makes sense if you can’t afford the full balance. It stops collection calls and prevents a lawsuit from moving forward. Our partner Solo can help you negotiate a fair settlement amount.
Your Rights When Dealing With CreditFresh
CreditFresh and their collectors must follow the Fair Debt Collection Practices Act (FDCPA). This federal law protects consumers from abusive collection tactics.
Collectors cannot harass you or use deceptive practices. They can’t call before 8 AM or after 9 PM. They can’t threaten actions they don’t intend to take.
If CreditFresh violates your rights, you can sue them. You may recover damages up to $1,000 plus attorney fees.
Don’t Ignore a CreditFresh Lawsuit
Ignoring a lawsuit is the worst thing you can do. The court will enter a default judgment against you.
A judgment allows CreditFresh to garnish your wages. They can freeze your bank account. They can place liens on your property.
Responding protects your rights and your assets. You have nothing to lose by fighting back.