CACH LLC Buys Millions in Uncollectable Credit Card Debts

If CACH LLC has allegedly purchased the rights to one of your credit card debts, it may attempt to collect from you using traditional methods such as collection letters or telephone calls. If you fail to respond or do not comply with its imposed repayment terms, it will sue you in court to collect. CACH LLC hires law firms to sue with the hope that you will fail to respond (file an answer) to the summons and complaint. There is a hard-to-understand phenomenon in the consumer financial world, and that phenomenon is the en masse failure of consumers to respond to debt collection lawsuits.  In some studies, the failure to respond to debt collection lawsuits is as high as 95%. But, both CACH LLC and its law firms... Read More... CACH LLC Buys Millions in Uncollectable Credit Card Debts