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This settlement is closed!
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AssetCare has established a $100,000 recovery fund for consumers who received a debt collection letter in violation of debt collection laws. Under the settlement, Class Members can have their debts forgiven and, in some cases, recover a cash payment.
The settlement benefits individuals who received a letter from AssetCare in Texas between Dec. 31, 2017, and Jan. 21, 2020, in which the company attempted to collect on a medical debt owed to CF Medical LLC. Class Members must have been offered a settlement of a debt that hadn’t been paid or acted upon for more than four years.
A Subclass was also approved, including the same Class Members who received letters between Dec. 31, 2018, and Jan. 21, 2020. AssetCare records show there are 28,569 Class Members and 19,024 Subclass Members.
According to plaintiffs in the debt collection class action lawsuit, the debt letters sent by AssetCare violated the federal Fair Debt Collection Practices Act (FDCPA) and the Texas Debt Collection Act (TDCA).
The defendants have not admitted any wrongdoing but have agreed to resolve the claims against them in a class action settlement.
Under the terms of the settlement, Class Members will have their debts waived and credit report tradelines deleted. Members of the Subclass will be able to recover a pro rata payment of up to $30 in place of FDCPA damages.
In order to benefit from the settlement, Class Members must file a valid claim form by Feb. 5, 2021. Claim forms should include the last four digits of the claimant’s Social Security Number and their account number, if known. This information will be used to validate claims.
The deadline for exclusion and objection is Feb. 5, 2021. The final approval hearing for the settlement is scheduled for March 12, 2021.
Who’s Eligible
Individuals who received a letter from AssetCare in Texas between Dec. 31, 2017, and Jan. 21, 2020, in which the company attempted to collect on a medical debt owed to CF Medical LLC. Class Members must have been offered a settlement of a debt which hadn’t been paid or acted upon for more than four years.
A Subclass was also approved, including the same Class Members who received letters between Dec. 31, 2018, and Jan. 21, 2020.
Potential Award
Debt forgiveness and cash payments of up to $30.
Class Members will have their debts waived and credit report tradelines deleted. The settlement will forgive $41.2 million in consumer debt.
Members of the Subclass will be able to recover a pro rata payment of up to $30 in place of FDCPA damages.
Proof of Purchase
Last four digits of the claimant’s Social Security Number and their account number, if known.
Claim Form
NOTE:Â If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
02/05/2021
Case Name
Catherine Monroe v. AssetCare LLC, et al., Case No. 4:19-cv-05039, in the U.S. District Court for the Southern District of Texas
Final Hearing
03/12/2021
Settlement Website
Claims Administrator
Monroe v AssetCare
c/o Settlement Administrator
P.O. Box 60246
Philadelphia, PA 19102-0246
833-537-1186
Class Counsel
Andrew T. Thomasson
Katelyn B. Busby
STERN THOMASSON LLP
Daniel J. Ciment
CIMENT LAW FIRM PLLC
Defense Counsel
Whitney L. White
SESSIONS FISHMAN NATHAN & ISREAL
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