Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
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
Monroe v AssetCare
c/o Settlement Administrator
P.O. Box 60246
Philadelphia, PA 19102-0246
833-537-1186