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AssetCare Medical Debt Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

AssetCare, LLC is settling a class action about debt collection practices brought under the federal Fair Debt Collection Practices Act (FDCPA) and the Texas Debt Collection Act (TDCA), regarding debts owed to CF Medical, LLC, which buys bad debt from medical providers. The complaint alleged that AssetCare offered consumer debtors a limited-time settlement to resolve the debt without telling them that the debt was time-barred and they could no longer be sued for it.

Docket Number:

4:19-cv-0503

Company: AssetCare, LLC

Filing Deadline: January 1, 2100

Class Period: December 31, 2017 to January 21, 2020

Objection Deadline: February 5, 2021

Exclusion Deadline: February 5, 2021

Final Approval Hearing: March 12, 2021

Proof of Purchase:

You do not need to do anything to receive the TDCA benefits (which do not include cash). If you are part of the Subclass and wish to receive FDCPA benefits, you must submit a claim form. No proof is necessary, but if you received a Notice, you will be asked to provide the class member ID number on it.

Eligibility:

You may be eligible for benefits under the TDCA if you are a natural person and AssetCare mailed a letter to your address in Texas between December 31, 2017 and January 21, 2020, which tried to collect a medical debt owed to CF Medical, LLC, where the letter offered a settlement of a debt for which the last payment or activity had occurred more than four years before the date of the letter, and the letter did not disclose that the debt was no longer legally enforceable.

You may also be eligible for benefits under the FDCPA if you meet the TDCA class definition above and your letter was mailed between December 31, 2018 and January 21, 2020.

Typical Settlement Amount:

TDCA benefits: (1) Removal of the tradelines from your accounts at credit reporting agencies. (2) Waive the debts concerned. FDCPA benefits: An equal share of the $100,000 Recovery Fund, up to $30 per person.

Total Settlement Amount: $100,000 for a Recovery Fund plus $41.2 million waiver of debt

Class Representative Proposed Incentive Fee:

$1,000

Law Firms:
Ciment Law Firm, PLLC
Stern Thomasson LLP

Claim Form: AssetCare Medical Debt Settlement Claim Form

Case Name: Monroe v. AssetCare LLC

Settlement Website: AssetCare Medical Debt Settlement Website

Claims Administrator:
Heffler Claims Group

Claims Administrator Contact Information:

Monroe v AssetCare
c/o Settlement Administrator
P.O. Box 60246
Philadelphia, PA 19102-0246
833-537-1186

Tags: FDCPA, Misleading or Confusing Debt Collection Letter, Misrepresentation or Omission re Time-Barred Debt, Unlawful Debt Collection