Crown Asset collection class action settlement

A $158,095 Crown Asset Management settlement provides payments to consumers whose Synchrony Bank debts were sold to the debt collection agency. The settlement benefits California residents to whom McCarthy, Burgess & Wolff Inc. sent an initial written communication on behalf of Crown Asset Management attempting to collect a charged-off consumer debt originally owed to Synchrony Bank and whose mailings were not returned as undeliverable by the post office between Dec. 4, 2017, and Dec. 27, 2022. According to the debt collection class action lawsuit, Crown Asset sent collection letters to California residents who failed to comply with state debt collection laws, such as the California Fair Debt Buying Practices Act. In some cases, these letters weren’t delivered, the plaintiffs claim. Crown Asset Management is a debt purchaser that collects on delinquent loans. Crown Asset hasn’t admitted any wrongdoing but agreed to pay $158,095 to resolve the debt collection class action lawsuit. To read more click here.