3 comments

I just settled a case with these guys. This is how it works. Pressler and and Pressler owns a few collection agencies which operate under Midland Funding, LLC and New Century Financial.

They buy old junk debt for pennies on the dollar and then file lawsuits against consumers for the principal to accrued interest. In my case the principal amount was about $3000 and they tacked on an additional $3000 for lawyers fees and interest.

They count on people not answering the judgment and getting a default judgment where they legally have the right to garnish your wages and take over your bank account. You don't want this to happen and need to answer the complaint right away and ask them to provide validity of the debt. Generally they cannot provide this. They need to prove in court that they own the debt. They should have the original credit card contract you signed as well as statements.

My advice is to hire a lawyer to help you with the process if you have some money. These guys know the law and take advantage of people that cannot afford to pay their debts or are in a financial hardship.

I settled mine for a fraction of what they tried to sue me for. Do you self a favor and answer the compliant. Unfortunately they will not go away and a judgment wont either....these guys are scumbags that take advantage of the system. When your credit card account goes into default the credit card company has already written it off. These guy are waiting to grab it and get a judgment. Good luck.

Review about: Pressler And Pressler Debt Collection.

Monetary Loss: $3000.

Had an Experience with Pressler and Pressler?

Write a review

Comments

Terms of Service
Post Comment
Cancel
Anonymous
#520637

I recieved a letter today saying they have judgment to garnish wages.They do not have a balance on the letter or to who its owed.

It says on the bottom this is an attempt to collect a debt. I tried calling and they hung up then the office was closed two seconds later. I have put in complaints to the BBB, FTC, and emailed Pressler to let them know that what they are doing is illegal. I requested a statement of original documents of contract and what is owed.

Thsi is absurd and mind boggling I have three kids they say they are taking most of my pay...This cant be right!!

Anonymous
#472104

Pressler sues people without serving them with the legal papers. Their lawyers will then swear that you were served and expect judges will believe them. Check their affidavits of service.

Anonymous
#149900

Sounds like you work for Pressler and Pressler.

You May Also Like

ER Solutions needs a class action lawsuit ER Solutions "This company is a fraud. They say I owe Paypal $930.00 and I almost never use Paypal. I called Paypal customer service AND the Paypal collections department and..." Read more Rjm Acquisitions - Never opend account with  yall Rjm Acquisitions "I got two diffrent bills in from yall the other day and it says the first one was bck in 95 i was only 13 then and another bck for..." Read more I Have 106 Federal Lawsuits Against Midland Credit Management Right Now. Midland Credit Management "Yes, the headline is true. Midland illegally called me on my cellphone 113 times (I told them to quit 53 times). I owe nothing to them or anybody..." Read more Franklin Collection Service - Review in Collection Agencies category from Columbus, Ohio Franklin Collection Service "Just needed to expose the *** who thinks it's okay to cuss out people in debt and make them feel worst about themselves. Had to look her up so I..." Read more Syomet - It's well made and fits perfectly. Syomet "After a long and dreadful search for the perfect birthday outfit, I got lucky and stumbled upon syomet.com website and fell in love with everything they offering! I have to..." Read more Yourswigs - BUYERS PLEASE, PLEASE BEWARE!!!!! Yourswigs "I looked on Yourswigs website and found the wig below that says "Sale". The wig was just what I was looking for. There website said Human Hair and the cost..." Read more Mattress Firm - Great salesman, lousy mattresses Mattress Firm "Phil Hudson, the manager of the Plymouth, MA Mattress Firm, has been wonderful and solicitously professional, trying his best to get me not only a good deal but a good..." Read more Quigley Concepts Event Management - Unprofessional Quigley Concepts Event Management "Made a complaint about Quigley Concepts Event Management about one of their staff who parks on a disabled parking at glendalough station. Number one she is NOT disabled. Number two..." Read more