How to Respond to Pendrick Capital Partners Lawsuit
You must respond to a Pendrick Capital Partners lawsuit before your state's deadline or you'll automatically lose. Draft an Answer that denies their claims and asserts affirmative defenses like expired statute of limitations. You can also negotiate a settlement for less than the full amount owed.
Answer Pendrick's LawsuitIs Pendrick Capital Partners contacting you about a past-due debt? You might be surprised they purchased your debt from the original creditor.
You need to act quickly to resolve the debt. The longer your account stays in collection, the more damage it does to your credit.
Respond to Pendrick Capital's Lawsuit in 15 Minutes
Don't miss your court deadline and lose automatically. Draft and file your Answer to Pendrick Capital Partners today before time runs out.
Answer the Summons NowFurther delays can lead to lawsuits. Lawsuits may result in wage garnishments and property liens.
Many third-party debt collectors will negotiate settlements for less than you owe. The key is making an offer that makes economic sense.
You’ll learn about Pendrick Capital Partners’ operations and when they appear on your credit report. We’ll discuss how to respond and resolve the debt.
What Is Pendrick Capital Partners?
Pendrick Capital Partners is a legitimate debt collector. They purchase debt and handle third-party collections.
With over 20 years of experience, the company uses AI for collection efforts. They focus on strict compliance standards.
Healthcare debt is their largest market. Healthcare providers increasingly sell aged accounts receivable.
Pendrick Capital Partners has acquired over 55 million accounts since 2010. The portfolios represent more than $16 billion in face value.
Their accounts come from emergency rooms, ambulance companies, and hospitals.
Here’s Pendrick Capital Partners’ contact information:
- Phone: (866) 335-3361
- Address: 2331 Mill Rd Ste 510, Alexandria, VA 22314-4687
- Website: www.pendrickcp.com
Read Pendrick Capital Partners Reviews
Read Pendrick Capital Partners reviews to understand consumer experiences. Reviews help you prepare to negotiate and settle your debt.
Check reviews on these platforms:
- Pendrick Capital Partners reviews on the Better Business Bureau
- Pendrick Capital Partners reviews in the CFPB database
The CFPB shows Pendrick Capital Partners responds promptly to consumer grievances. You can leave a review based on your experience.
Your review provides insight to fellow consumers who owe them money.
Who Does Pendrick Capital Partners Collect For?
Pendrick Capital Partners collects debt for the healthcare industry. They buy recently defaulted accounts or ones several years old.
The company also offers debt leasing services. They collect debt on behalf of healthcare providers without owning it.
As third-party collectors, Pendrick may return accounts to original creditors. They may also sell accounts to another collector.
You may hear from them even if insurance paid your bill. Out-of-pocket costs like deductibles and copays create balances.
Patients incur debt for several services:
- Emergency room visits
- Diagnostic tests
- Hospitalization
- Outpatient care
Regularly check your credit report for past-due medical debts. Past-due debts may affect access to future credit.
Know Your Rights When Dealing With Pendrick Capital
Pendrick Capital Partners claims you owe them money. How should you respond?
Knowing your rights provides the confidence you need to resolve the matter. Communicating with debt collectors doesn’t have to be complicated.
The Fair Debt Collection Practices Act (FDCPA) limits collector actions. The law restricts when collecting debts on behalf of another party.
The law limits how often collectors can contact debtors. It also limits how collection agencies can reach debtors.
For example:
- Collectors cannot call before 8 a.m. or after 9 p.m.
- Collectors cannot share debt details with unauthorized family, friends, or colleagues
- Collectors cannot ignore debt validation requests
- Collectors cannot threaten to report you to law enforcement
- Collectors cannot report incorrect debt on your credit report
- Collectors must identify themselves when contacting you
On November 20, 2021, the CFPB’s Regulation F took effect. The regulations clarify and expand FDCPA requirements.
Regulators made several changes:
- Collectors must provide consumers with updated information
- They developed a new model notice for debt notifications
- For debts with expired statutes of limitations, collectors cannot bring or threaten legal action
Send a Debt Validation Letter
Pendrick Capital Partners must verify you owe the debt. Sending a debt validation letter affirms your rights under the FDCPA.
The letter requires Pendrick Capital Partners to provide proof of your debt. It forbids further contact until they verify the debt.
The letter also demands they report the debt as disputed. Once they receive a debt validation letter, collectors must respond within 30 days.
Debt validation protects you from paying debts you don’t actually owe. It also ensures collectors have proper documentation.
Respond to a Pendrick Capital Partners Lawsuit
Is Pendrick Capital Partners suing you? Don’t wait too long to prepare your Answer.
You must respond before your state’s deadline. Missing the deadline means you automatically lose.
When sued, you receive a Summons and Complaint in the mail. The Summons notifies you of the lawsuit.
The Complaint lists specific claims against you. Most people miss the deadline to respond to a lawsuit.
The deadline is typically 14-35 days, depending on your state.
Our partner Solo can help you draft and file your Answer quickly.
Follow These Three Steps
Prepare your written Answer to a Pendrick Capital lawsuit with these steps:
- Answer each claim listed in the Complaint
- Assert your affirmative defenses
- File the Answer with the court and Pendrick Capital Partners
Now explore each step in detail.
Answer Each Claim in the Complaint
The Complaint document lists all of Pendrick Capital’s allegations against you. The law requires you to answer each claim individually.
Use one of these three responses:
- Admit: You agree to the claim and do not dispute it
- Deny: You force Pendrick Capital to prove each claim is factual
- Deny due to lack of knowledge: You cannot admit or deny because you lack information
Admitting each claim means you automatically lose the case. Attorneys recommend denying most claims.
Denying forces Pendrick Capital Partners to validate its claims. Do not admit to claims you don’t fully understand.
Assert Your Affirmative Defenses
Defenses explain why Pendrick Capital should not win this lawsuit. Defenses argue the plaintiff failed to prove their case.
Defenses can also argue you don’t owe the debt. Defending with an affirmative defense requires proving it before a judge.
A strong affirmative defense may prove you owe less than claimed. You may prove you owe nothing at all.
The statute of limitations is one common affirmative defense. The statute is the time limit for suing someone for a debt.
The clock starts on the date of last activity on the account. The average statute on debt is between three and six years.
Laws vary from state to state. If there’s been no activity within the specified timeframe, Pendrick cannot sue you.
Payments on the debt can restart the clock. The defense only works if you file your Answer on time.
Example: Pendrick Capital Partners is suing Gary for old medical debt in Texas. Gary discovers the statute of limitations on medical debt is four years in Texas. Gary hasn’t been active on the debt account in over four years. Pendrick Capital Partners has no right to sue. Gary uses our partner Solo to draft and file an Answer. In his Answer, Gary uses the expired statute as an affirmative defense. The case gets dismissed.
File the Answer With the Court
Filing the Answer is the most crucial step. Your defenses mean nothing if the Answer doesn’t reach the court on time.
Follow these steps to send the Answer:
- Make two additional copies of your Answer
- Go to the courthouse and file the Answer, or mail it using certified mail
- Send a copy to Pendrick Capital Partners
- Keep the extra copy in your file
Our partner Solo saves you the headache of this process. They file the Answer document for you.
Settle Your Debt With Pendrick Capital
Most people face financial difficulties at some point. You may not have money to pay off debts as they accumulate.
Debt settlements can often be arranged with creditors or collectors. Settling can resolve your account for less than you owe.
Debt settlement typically follows these steps:
- Financial analysis: Determine how much money you can raise to settle the debt. Review your recurring expenses, savings, and income. Pendrick Capital may settle if you can put together a substantial amount.
- Make an offer: Approach Pendrick Capital explaining why you cannot afford the full amount. Explain how much you can afford to pay to close the account. Initiate settlement negotiations in writing to create a paper trail. Your offer should be lower than your budget to allow upward negotiations.
- Document the deal in writing: Write down settlement agreement details in a contract. Have the debt collector sign it.
- Pay the agreement amount: Pay the settlement money on the agreed debt. Defaulting can have serious ramifications.
Our partner Solo makes it easy to settle your debt for less. Their tech-based approach simplifies the process with software.
The software sends and receives settlement offers until you reach an agreement. You can resolve your lawsuit once and for all.