Top Massachusetts Debt Collectors: Midland Funding, LVNV Funding, Waterfront Capital, and CACH, LLC

debt collectorsThere are tens of thousands of debt collection lawsuits filed against Massachusetts consumers every year. These lawsuits are typically filed in Small Claims Court or in District Court. Who files them? Most debt collection cases in Massachusetts are filed by Midland Funding, LVNV Funding, Waterfront Capital, and CACH, LLC. There are a number of other smaller debt collectors who also file collection lawsuits, such as Jefferson Capital, Second Round Sub, Asset Acceptance, and Portfolio Recovery Associates.

Why do they file so many? They purchase these consumers’ credit card debts for pennies on the dollar with little or no paperwork to back them up. They then file many at once in the hope that the consumer won’t respond – and most of the time, they don’t.

The vast majority of debt collection lawsuits end up in what are called “default judgments.” This is when a judgment is entered against the consumer without the debt collector having to produce evidence showing that they own the account.

Why do debt collectors win most collection lawsuits? Simply because consumers do not respond. You can avoid having a judgment enter simply by having an attorney respond to the lawsuit within 20 days. You do not want a judgment to enter against you. It is good for 20 years, and bears interest at 12%, under Massachusetts law. When a debt collector gets a judgment, they can garnish your wages, garnish bank accounts, and put a lien on your house.

Our office has experience with all of these companies, Midland Funding, LVNV Funding, Waterfront Capital, and CACH, LLC, and more. We have represented consumers in Small Claims Court, District Court, Superior Court, and federal court throughout Massachusetts.

If you received a court summons, contact Culik Law for a no-cost case evaluation to see whether we can help you with your issue with Midland Funding, LVNV Funding, Waterfront Capital, or CACH, LLC.

Joe Culik

Joe Culik

Attorney Joe Culik has built his reputation on helping people and has dedicated his practice in Boston, Massachusetts to consumer protection, employee rights, and small business and franchise law.