Who is Crown Asset Management, LLC?
Crown Asset Management, LLC (CAM) is a debt collection agency based in Duluth, Georgia. They’re in the business of buying and managing consumer credit portfolios, meaning they purchase delinquent or charged-off debts from original creditors.
If you have an unpaid bill, you may find CAM listed on your credit report as a collections account, indicating they now own the debt.
Who does Crown Asset Management collect for?
Crown Asset Management is a debt buyer that purchases consumer credit portfolios, including credit cards, automobile loans, consumer loans, marketplace lending, and judgments.
Is Crown Asset Management legit or a scam?
Crown Asset Management is a legitimate company. They are legally authorized to collect debts on behalf of their clients. However, it’s essential to verify any debts they claim you owe before making any payments.
How can I remove Crown Asset Management from my credit report?
Collection accounts can impact your credit score for up to seven years, so it’s essential to address them promptly. To remove collections from your report, start by disputing any errors related to the account with the credit bureaus.
If the information is accurate, consider negotiating a “pay-for-delete” agreement, where you offer payment in exchange for the account’s removal. Another option is to work with a credit repair service that specializes in challenging collections.
Ready to Clean Up Your Credit Report?
Learn how credit repair professionals can assist you in disputing inaccuracies on your credit report.
Crown Asset Management, LLC (CAM) Contact Information
Address:
Crown Asset Management
3100 Breckinridge Boulevard Suite 725
Duluth, GA 30096
Phone number: (866) 696-4442 or (770) 817-6700
Should I contact or pay Crown Asset Management?
Before contacting a debt collector, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.
The most effective way to deal with a debt collector is to work with a credit repair professional. They help remove millions of negative items every year from companies like Crown Asset Management on behalf of their clients.
Will Crown Asset Management sue me or garnish my wages?
Crown Asset Management has the legal right to sue you for the repayment of an unpaid debt. If they take legal action and win the case, they could potentially obtain a judgment against you. This judgment may allow them to garnish your wages or levy your bank account, depending on your state’s laws.
However, it’s important to note that litigation is often a last resort for debt collection. It involves substantial costs and time, and most collection agencies would rather establish a repayment plan or negotiate a settlement with you directly instead of resorting to court.
Crown Asset Management, LLC Complaints
Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you find yourself facing any of these situations with Crown Asset Management, you should also consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by a debt collector.
Your Rights When Dealing with Crown Asset Management, LLC
Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:
- It is a violation of federal law for Crown Asset Management to report inaccurate or incomplete information about you to the credit bureaus.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
- Crown Asset Management cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
- Crown Asset Management must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
- Crown Asset Management cannot threaten to have you arrested or imprisoned for unpaid debts.
Remove Crown Asset Management From Your Credit Report Today!
Credit Saint offers assistance with disputing Crown Asset Management collection accounts. With over 15 years of experience, they have worked with clients to address incorrect entries on credit reports.
If managing collection accounts feels overwhelming, working with a trusted credit repair company could be a helpful step toward improving your credit.
Visit their website or call (855) 281-1510 for more details.
