Crown Asset Management Suing You? Respond & Win

Nobody wants to get sued by Crown Asset Management. If you’re receiving calls and letters from them, you probably feel anxious and overwhelmed.

You have legal rights when a debt collector contacts you. You can fight back and potentially win your case.

Respond to Crown Asset Management's Lawsuit in 15 Minutes

Don't let Crown Asset Management win by default. Draft and file your Answer to their lawsuit before your deadline expires and protect yourself from wage garnishment.

Respond to Lawsuit Now

Crown Asset Management’s lawsuit isn’t a lost battle. You have options to respond, negotiate, and potentially beat them in court.

What Is Crown Asset Management?

Crown Asset Management (CAM) is a debt collector and debt buyer. Since 2004, they’ve bought debt from other companies to generate profits.

They purchase charged-off accounts for pennies on the dollar. When they buy your debt, you’ll pay them instead of the original creditor.

Is Crown Asset Management Legitimate?

Yes, Crown Asset Management is 100% legit. They’re a certified receivables company that operates legally.

Even if you don’t recognize their name, they have the right to collect. They either bought your debt or were hired by your original creditor.

Who Does Crown Asset Management Collect For?

Crown Asset Management has purchased debt portfolios from over 500 companies. They collect credit card debt, consumer loans, and court judgments.

They also outsource collections to third parties. Other debt collectors may contact you on Crown Asset Management’s behalf.

Crown Asset Management collects for or purchases debt from these creditors:

Blue Ridge Bank
Comenity Bank
Community Capital Bank
Cross River Bank
FinWise Bank
First Bank & Trust
First National Bank of Omaha
Petal Card
Santander
SoFi Bank
Synchrony Bank
Upstart Network
WebBank

If you took out a credit card financed by these banks and stopped paying, Crown Asset Management likely purchased your account.

What People Say About Crown Asset Management

Crown Asset Management has mixed online reviews. Some borrowers had positive experiences resolving their debts.

One borrower named Ethan shared: “I had an excellent interaction with the representative, Ingrid. She went above and beyond to help me with an old charge-off debt. She had a wonderful demeanor and did it all swiftly. Thank you for your excellent 10/10 service.”

Crown Asset Management’s collectors will work with you to resolve concerns. Communication is key when dealing with debt collectors.

You can call Crown Asset Management at 770-817-6700 to discuss your situation. If calling doesn’t appeal to you, our partner Solo can help you negotiate online through their digital settlement platform.

How to Respond to a Debt Lawsuit

When Crown Asset Management sues you, you’ll receive two documents: the Summons and Complaint.

The Summons notifies you of the lawsuit and your response deadline. The Complaint lists all claims being made against you.

Follow these three steps to respond:

Respond to each claim in the Complaint
Assert your affirmative defenses
File your Answer with the court and send a copy to the plaintiff

Step 1: Respond to Each Claim

Crown Asset Management assumes you won’t respond to their lawsuit. Most people sued by debt collectors ignore the lawsuit because they don’t know how to respond.

Ignoring a debt lawsuit almost always leads to a default judgment. With a default judgment, Crown Asset Management can:

Garnish your bank accounts
Request receivership to remove money from your accounts
Block the sale or purchase of property
Sell your unprotected assets

You have 14-35 days to respond, depending on your state. Draft your Answer and file it within this deadline.

Respond to each numbered claim in the Complaint using one of these answers:

Admit: You’re saying “this is true”
Deny: You’re saying “prove it”
Deny due to lack of knowledge: You’re saying “I don’t know”

Most attorneys recommend denying all claims against you. Our partner Solo can help you draft a proper Answer to respond to Crown Asset Management’s lawsuit.

Step 2: Assert Your Affirmative Defenses

After responding to each claim, include a section for your affirmative defenses. Affirmative defenses prove why the plaintiff has no case against you.

You only have one chance to assert these defenses in your initial Answer. You can’t bring them up later.

Your defenses might include:

Lack of proof of “chain of custody”
Lack of proof you owe the money
The debt is past the statute of limitations

Check the Statute of Limitations

Verify whether the statute of limitations has expired on your debt. The statute of limitations is the timeframe a collector has to sue you.

Each state has different time limits for debt collection. If years have passed since your last payment, the statute may have expired.

Debts outside the statute of limitations pose fewer risks. Crown Asset Management cannot win a judgment if the statute has expired.

The court doesn’t track your debt’s statute of limitations. You must prove the debt is time-barred.

Understanding Time-Barred Debt

A time-barred debt has passed the statute of limitations. You still owe the money, and it can still affect your credit.

However, the creditor cannot get a court judgment if you prove the debt is too old. Evidence might include personal checks showing your last payment or communication records.

Step 3: File Your Answer and Stay Engaged

After creating your Answer, file it with the court. Ensure a copy reaches the plaintiff’s attorney.

The legal battle doesn’t end after filing your Answer. Stay on top of your case.

The Complaint will include a date when you need to appear in court. Before trial, there’s a “discovery” phase where parties request information and documents.

You can request detailed accounting of the alleged debt. You can also request proof that you owe the debt.

Filing an Answer is just the first step. Contact the court clerk if you have questions about upcoming hearings.

Consider hiring an attorney if you plan to fight in court. Or you might want to avoid court altogether through settlement.

How to Settle Debt With Crown Asset Management

You may prefer settling for less than the full amount. Settlement is often the ideal outcome in debt collection cases.

Most debt collection cases resolve via settlement where only a percentage gets repaid. Our partner Solo offers a tech-based approach to debt settlement.

Their software helps you send settlement offers to debt collectors like Crown Asset Management. You negotiate until you reach an agreement.

The most effective time to offer settlement is shortly after filing an Answer. Here are tips for negotiating with Crown Asset Management:

Double-check the debt. Verify the debt is yours and the amount is accurate. Mistakes happen, especially with common names.
Plan your payment. Decide how much you can realistically afford. Keep initial offers reasonable (40%+ of the debt).
Start negotiating. Contact the collector or use an online tool. Be ready to explain your financial situation.
Get the agreement in writing. Always get the settlement agreement signed by both parties and filed with the court.
Stick to the agreement. Make all payments on time to avoid wage garnishment or other actions.
Wrap it up. After settling, ask for a confirmation letter. Monitor your credit report for updates.

Following these tips helps you negotiate smarter and save money. You can settle your debt with confidence.

Make Crown Asset Management Prove Their Right to Sue

You can challenge the validity of the lawsuit through affirmative defenses. Debt collectors must prove their right to sue you.

Crown Asset Management must provide proof of “chain of custody.” They need a copy of the signed credit card agreement proving they can collect.

If they cannot provide evidence, you can ask the court to dismiss the case. Without proper documentation, they cannot legally pursue the debt.

Demand Proof the Debt Is Real

Crown Asset Management may rely on “business record affidavits” as evidence. Don’t give up hope if you receive such an affidavit.

They purchase charged-off debts at a discount. If the debt is old, they may not have original documents.

Send a Debt Validation Letter requesting proof of the debt. Send your request before the 30-day period expires to protect your rights.

Consider Arbitration

You may avoid court by filing a Motion to Compel Arbitration. Our partner Solo can help you file this motion without an attorney.

In arbitration, parties agree to have arbitrators decide the dispute. The advantage is settling outside of court.

Arbitrators are trained professionals who listen to both sides. They make binding decisions based on the evidence.

Arbitration clauses are common in contracts and agreements. Several laws allow individuals to compel arbitration.

To effectively force arbitration, certain prerequisites must be met. An arbitration agreement should be valid and enforceable.

Contact Crown Asset Management

If you need to contact Crown Asset Management directly, use this information:

Address:
3100 Breckinridge Boulevard
Suite 725
Duluth, Georgia 30096

Telephone:
(866) 696-4442

Website:
https://www.crownasset.com/contact-us/

Frequently Asked Questions

What is Crown Asset Management and why are they contacting me?

Crown Asset Management is a debt buyer that purchases charged-off accounts from original creditors like credit card companies and banks. They bought your debt for pennies on the dollar and are now trying to collect the full amount from you. They've been in business since 2004 and have purchased debt portfolios from over 500 companies including Synchrony Bank, Comenity Bank, and First National Bank of Omaha.

How do I respond to a lawsuit from Crown Asset Management?

You must file a written Answer with the court within 14-35 days (depending on your state) after receiving the Summons and Complaint. In your Answer, respond to each claim by admitting, denying, or denying due to lack of knowledge. Include affirmative defenses like statute of limitations or lack of proof. File your Answer with the court and send a copy to the plaintiff's attorney to avoid a default judgment.

Can I settle my debt with Crown Asset Management for less than I owe?

Yes, Crown Asset Management often settles debts for 40-60% of the original amount. The best time to negotiate is shortly after filing your Answer to the lawsuit. You can contact them directly at (866) 696-4442 or use an online settlement tool to make offers. Always get any settlement agreement in writing and signed by both parties before making payments.

What happens if I ignore a lawsuit from Crown Asset Management?

Ignoring the lawsuit will result in a default judgment against you. With a default judgment, Crown Asset Management can garnish your bank accounts, garnish your wages, place liens on your property, and sell your unprotected assets. You have legal rights and options to fight back, so never ignore a debt collection lawsuit.

How can I verify if Crown Asset Management has the right to sue me?

Send a Debt Validation Letter within 30 days of their first contact requesting proof of the debt. They must provide documentation showing the chain of custody (proof they own the debt), the original creditor's name, the account number, and the debt amount. If they cannot provide this evidence, you can file a motion to dismiss the case in court.

Crown Asset Management Suing You? Here’s What to Do Now