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Jefferson Capital Systems LLC Lawsuit

Sued by Jefferson Capital Systems?

Debt Lawsuit Attorneys

Flat Fees. No Hourly Rate.

We have defended thousands of collection lawsuits.  Several hundred of them were filed by Jefferson Capital Systems  LLC.
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Who Is Jefferson Capital LLC?

Jefferson Capital LLC  is a buyer of charged off debt.  Jefferson Capital may be showing up on your credit report or they may have served you with a lawsuit. Equable  files thousands of collection lawsuits each year against consumers. Jefferson Capital LLC will hire a local collection attorney to file the lawsuit.

Jefferson Capital LLC will rely on witness testimony in a “business record affidavit” when trying to prove their case against you.  It is important to fully understand the rules of evidence when attacking these affidavits and any documents attached.If you have recently been served with an Jefferson Capital LLC lawsuit then you should take action to protect yourself.

Jefferson Capital Systems, LLC is a debt collector according to their website,  Its mailing address is 16 McLeland Road, Dept. C, St. Cloud, MN 56303. This information matches the information on the Better Business Bureau’s (BBB) website for this company.  According to the BBB, Jefferson Capital Systems has had 576 complaints in the last three years.  Of that total, 547 complaints were directly related to billing and collection issues. However, Jefferson Capital Systems is also located at 5 Concourse Pkwy NE Ste 400, Atlanta, GA 30328-9114 according to another BBB Review,  This can create some confusion for a consumer who is being sued by this debt collector.

However, in a complaint filed by the Federal Trade Commission in the Northern District of Georgia, Atlanta Division against Jefferson Capital Systems, LLC, we can find the answer.  In the complaint it states, Jefferson Capital Systems, LLC “is a Georgia limited liability company that maintains its principal place of business in St. Cloud, Minnesota.”

According to the complaint, Jefferson Capital Systems, LLC is a subsidiary of CompuCredit Corporation.  Unfortunately, that is not who owns Jefferson Capital Systems, LLC today.  In August 2012, CompuCredit sold the company to Flexpoint Fund II, L.P. for $130.5 million. If you follow the link on the webpage for Jefferson Capital Systems, LLC, it takes you to a website for Jefferson Capital International.  The website states that the company is “an industry-leading provider of traditional and unique recovery services for consumer charged-off accounts. Our clients include creditors and national debt buyers.”

Regardless of who owns Jefferson Capital Systems, LLC, the company still is in the business of buying charged-off accounts and filing lawsuits against individuals to collect that debt.

How Does Jefferson Capital Systems, LLC Collect Charged-off Debts?

When a consumer defaults on a loan or a credit account, the lender will try to collect this account using several different tactics.  First, the creditor will write letters, call the customer, and threaten collections.  If this does not work, the creditor may turn the account over to a collection company that agrees to accept a percentage of the amount for pursing the individual for payment of the debt.  If the collection company cannot get payment, the lender may “charge off” the debt as a bad debt.

When this happens, Jefferson Capital Systems, LLC purchases the charged-off account for pennies on the dollar. It then files a lawsuit against the consumer to collect the full amount owed on the account plus interest, attorney’s fees, and costs.  The problem that many consumers face is that Jefferson Capital Systems, LLC does not always follow the rules when trying to collect a delinquent debt.

In the court case referred to above, the Federal Trade Commission alleged that Jefferson Capital Systems, LLC violated the Fair Debt Collection Practices Act, 15 U.S.C. § 1692 et seq. and participated in unfair and deceptive business practices under the Federal Trade Commission Act, 15 U.S.C § 45(a). (See Federal Trade Commission v. Compucredit Corporation and Jefferson Capital Systems, LLC, Case 1:08-CV-BBM-RGV, N.D. Ga., 2008.)

What Happens With a Judgment?

Your Bank Account Can Be Frozen and Emptied by Many Judgment Creditors

A Judgment Can Often Cloud Title on Your Homestead Property

A Judgment is Published on your Credit Report as a “Public Record”

With a Judgment, certain property can be sold at auction to pay towards the judgment

Do I Need a Lawyer?

Without a Lawyer

Default Judgment

The vast majority of collection lawsuits end up with a judgment against the consumer.  This is primarily because the consumer did nothing to protect themselves or they attempted to defend the lawsuit themselves.

With a Lawyer

Dismissal or Settlement

Most of our cases are dismissed by the creditor prior to trial or we reach a favorable settlement for our clients depending on the circumstances of their situation.

Our Results with Jefferson Capital LLC

1) Jefferson Capital Systems, LLC vs. Our Client
J5CV14235107  Travis County Justice Court 5-1
Result: Case Dismissed, no money paid to Jefferson Capital

2) Jefferson Capital Systems, LLC  vs. Our Client
Kerr County Court at Law, Cause NO 14484C
Result: Case Dismissed, no money paid to Jefferson Capital

3) Jefferson Capital Systems, LLC vs. Our Client
Dallas County Justice Court 5-2, Cause NO JX1300076P
Result: Case Dismissed, no money paid to Jefferson Capital

4) Jefferson Capital LLC vs. Our Client
Tarrant County Justice Court Pr. 2, Case NO JP0213JS000109661
Result: Case Dismissed, no money paid to Jefferson Capital

5) Jefferson Capital LLC vs. Our Client
Dallas County Justice Court 1-1, Case NO JX1300537H
Result: Case Dismissed, no money paid to Jefferson Capital

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