Pendrick Capital Partners II, LLC Debt Defense

Pendrick Capital Partners II, LLC is a third party debt collection company. If they are contacting you, they likely purchased one of your debts from an original creditor for approximately three to seven percent of the original amount. Third party debt collection companies often purchase accounts from creditors and one single debt can be sold to many different companies over time. Due to this, it is often difficult for Pendrick Capital Partners II, and other agencies like them, to prove that they own your debt and that it is valid.

Even when Pendrick Capital Partners II can prove that the debt is valid and they own it, the company may still be willing to settle the debt with you. This means they may be willing to accept a lump sum payment smaller than the amount you owe. When dealing with Pendrick Capital Partners II, it is important to first speak to our Fort Lauderdale debt defense lawyer.

Who is Pendrick Capital Partners II, LLC?

Pendrick Capital Partners collects debt from many different sectors, but the most common type of debt they pursue is medical debt. Over the last decade, it has become much more common for healthcare providers to sell old accounts of borrowers. Since 2010, the company has acquired more than 55 million consumer accounts.

Complaints Against Pendrick Capital Partners II, LLC

If you have become frustrated by Pendrick Capital Partners II, LLC, you are not alone. Despite the fact that the Better Business Bureau has given the company an A+ rating and accreditation, consumers have given it a rating of just 1 out of 5. There have also been 48 complaints involving the company closed in the last three years, and 16 complaints closed in the last year. To make matters worse, hundreds of complaints have been filed with the Consumer Financial Protection Bureau.

Understand Your Rights when Dealing with Pendrick Capital Partners II, LLC

It is not always easy to know how to respond when Pendrick Capital Partners II, LLC says that you owe a debt. In certain cases, the company may be violating the Fair Debt Collection Practices Act (FDCPA), federal legislation that helps protect consumers. The laws outlined in the Act prohibit debt collection agencies from treating borrowers unfairly or dishonestly. The Act prohibits debt collection companies from using many different tactics, including:

• Call you before 8:00 am or 9:00 pm your local time,
• Contact your family, friends, employers, or co-workers and speak to them about your debt,
• Ignore your requests for debt validation,
• Threaten to report you to law enforcement or have you arrested if you do not pay the debt,
• Report a debt you do not owe to the credit bureaus, and
• Refuse to identify themselves when they contact you.

The CFPB also issued Regulation F on November 20, 2021. These clarify and expand the FDCPA laws. Changes made to the regulations are as follows:

• Debt collectors must update you when there is new information.
• Debt collectors must follow the new model when notifying you about a debt.
• If the statute of limitations has expired on your debt, debt collectors are prohibited from bringing or threatening legal action.

Send Pendrick Capital Partners II, LLC a Debt Validation Letter

Pendrick Capital Partners II, LLC will capitalize on your inexperience, fear, and desperation. Understanding your rights and exercising them can help you win your case against them. You have the right to send the company a debt validation letter asking them to verify the debt.

After sending Pendrick Capital Partners a debt validation letter, they must provide proof that you owe the debt. They are also prohibited from contacting you in regards to the debt until they have verified that you owe it and that they own your account. At this point, many debt collection agencies simply charge off the debt because they cannot provide the necessary proof.

What to Do if Pendrick Capital Partners II, LLC Files a Lawsuit Against You

It is natural to panic after learning that Pendrick Capital Partners II, LLC has filed a lawsuit against you. It is critical, though, that you remain calm so you can take the following steps:

• Answer the complaint: You will receive a lot of paperwork if Pendrick Capital Partners has filed a lawsuit against you. Within this paperwork is the Complaint. The Complaint will list all allegations against you, and you must respond to each. You can accept, deny, or state a lack of knowledge when responding to the allegations. It is usually recommended that you deny at least some allegations so you can force the company to prove their case.
• Raise defenses: Your defense is essentially the reason or reasons you do not owe what Pendrick Capital is alleging. You will have to present these defenses to a judge and prove them. You may argue that you owe less than what Pendrick Capital is stating, or that the company does not own the debt. Another common defense used in these cases is that the statute of limitations, or time limit, on debt collection has run out.
• File your response: In Florida, you have just 20 days to respond to a lawsuit after being served with the paperwork. You must file within this time or Pendrick Capital may automatically win their case. They will ask the court to issue a default judgment and you will not have the opportunity to defend yourself.

Our Debt Defense Lawyer in Fort Lauderdale Can Help You Through the Process

Whether Pendrick Capital has taken legal action against you or is harassing you with regular phone calls, you need to speak to a Fort Lauderdale debt defense lawyer. At Loan Lawyers, we can make sure your rights are upheld, negotiate with Pendrick Capital II, LLC on your behalf, and give you the best chance of obtaining the favorable outcome you deserve. Call us now at (954) 523-4357 or contact us online to schedule a free review of your case and to get the legal help you need.