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