Legal Asset Financial Group LLC Collection agency
Complaint
Michael
Country: United States
Legal Asset Financial Group LLC is an offshoot of Rincon Mangement Group LLC, et. al. As you may recall, the "Rincon" collection cluster was run by Jason R. Begley and Wayne Lunsford, all of which were shut down pursuant to an FTC sting and TRO/PP back in October of 2011. Two weeks after the raid on the Rincon cluster, Legal Asset Financial Group LLC was formed. The corporate documents are mailed to 2401 Simon Circle, Corona, CA.. This address is the last known address for Samuel Alexis Marquez and Victor Hugo Marquez. As many of you insiders already know, these two individuals were managers/senior collectors for the Rincon cluster. Recent internet activity shows complaints are already trickling in about this company. I need help getting a location on Legal Asset Financial Group LLC as I beleive that previously purchased debt from the Rincon cluster is now being collected through this entity in violation of the FTC preliminary injunction. If anyone has information or complaints against Legal Asset Financial Group LLC, please post and I will do the follow up investigation.
Comments
Their case against Rincon et al is still in federal court.
You might also contact an attorney, to explore suing for violations of FDCPA. You can find a consumer attorney in your state through www.naca.net
Based on their complaint pattern, they will probably attempt to brush off and evade any attempts at validation.
For example, they might try to pass off some "settlement offer" email in place of providing their address and responding to your dispute and validation request letter. A "settlement letter" is not proof of anything, and attempts to pass this off as "validation" are deceptive, and violate FDCPA.
Or they might try to convince you to pay first, telling you they will send you a letter supposedly confirming this "debt" you have just paid. You have a right to obtain proof from a debt collector of an alleged debt, traceable back to the original creditor, BEFORE you decide to pay them, and attempts to steer you away from demanding proof are deceptive, and violate FDCPA.
They might even tell you they can remove some bad debt tradeline from your credit report that was posted by some other creditor or data furnisher. They have no power to remove any other company's credit report reporting, and attempts to convince you otherwise are deceptive, and violate FDCPA.
Deceptive collection is a key indicator of fraudulent collection, attempting to collect "debt" that may not even be owed to them at all.
With my previous experience or lack thereof I had my wife tell them she'll settle for 40% which came out to be close to 200 dollars (to ease her conscious and get it over with). Got an email for a settlement letter from admin@cohengroupandassociates.com.
I felt uneasy about the whole deal and looked to find a website or any info in this company to verify that there legit but found there was no website for cohengroupandassociates.com.
I had my wife give my debit info for payment and found the receiver to be Legal Asset Financial Group on my bank statement. I looked them up and found this site. (I wish I knew this before)
I went back and looked through my wife's old credit report to match up info on the "settlement letter" and found that the account number to the debt in question doesn't match and the name of original creditor is slightly off.
I've since call the bank to cancel my card and explained the situation in my view as a fraudulent extortion rig and in the process of disputing the charge and I hope it can be removed.
If anyone can answer this: What is the likelihood that the bank will reverse the charges?
Any info regarding this is greatly appreciated. Thanks for this page and all who posted information.
http://www.postalannex.com/location/mailbox-rental/94
I also got a visit from someone wanting to serve me papers because I was being sued. Of course like some of you,m I did have a debt with a company they said they were representing. They said I was being sued for 12,000 but would settle if I had not yet signed the papers. Of course, I agreed, now again they were supposed to email paperwork, never did, deposited money, but money has not been completely withdrawn from bank. Now I need to go cancel this transfer and my debit card. The phone # I called transferred me over to the "lawyer" in charge of the case named Robert Duke.
thanks for having these posts. Really helped out.
That leaves 2 possibilities:
1) Your visit was by phone only, like a call to your house or your employer claiming they had visited, but "missed you". Just an act to fake the appearance of a "lawsuit".
2) You're a shill.
Which is it?
They are suppose indicate they are debt collectors and do record the conversations. Most collection agencies record the conversation to protect themselves and to protect you. They must also assure you they are attempting collect a debt...