Dena Standley | March 06, 2023
Edited by Hannah Locklear
You are viewing: Who Does Mercantile Adjustment Bureau Collect For
No one likes receiving a call from anyone asking for money, let alone debt collectors. It’s understandable if you feel frustrated after receiving several calls from Mercantile Adjustment Bureau (MAB). As a debt collection agency with over 30 years of experience, MAR has mastered the art of harassing consumers into paying their outstanding debt.
So, if you have received a call or email from MAB, there may be a pending debt somewhere, and they will actively seek out their money. But do not despair. Today, SoloSuit will give you exhaustive information on how to beat Mercantile Adjustment Bureau and save yourself from plunging deeper into debt.
But first, have you sent a Debt Validation Letter for MAB to verify the debt belongs to you? Watch the following video on why Debt Validation Letter succeeds in stopping debt collectors from pursuing you.
What is the Mercantile Adjustment Bureau, and how does it work?
Mercantile Adjustment Bureau, LLC is a legitimate debt collection agency headquartered in Buffalo, New York. It has been in operation since 1992 and were incorporated in 2001. But, according to MAB’s website, they have been in operation since 1934, with several people owning the business before formalization.
MAB initially collected outstanding debt for healthcare institutions but later expanded to include municipal government agencies, mortgage lenders, higher education providers, and tech companies. They either purchase a long-standing debt for pennies on a dollar or collect debt for a company and are paid a percentage of the amount recovered.
You can reach Mercantile Adjustment Bureau using the following contact information:
Physical Address: 165 Lawrence Bell Dr. Ste 100 Buffalo, NY 14221-7900 Website: Mercantile Adjustment Bureau Phone number: (800) 480-7094
Complaints against Mercantile Adjustment Bureau
As with most debt collection companies, MAB has received tens of complaints from unhappy consumers in their BBB profile and on the Consumer Financial Protection Bureau (CFPB) database. So far, BBB has closed 61 complaints and CFPB 145 complaints, with favorable resolutions being met between the two parties. The following is an example of a complaint in their BBB profile:
“Mercantile adjustment contacts me to pay with a credit card. I had retained an attorney and told them that. Sadly, I have long-term health issues from covid. My attorney had spoken to the original creditor over a year ago, and they wrote off the debt because of my circumstances. Mercantile said they worked for this company, but once I talked to my attorney, I found out they purchased bad debt, including mine. They continued to try to collect after being written off. Previously, my attorney told me I could sue for fair debt violation.”
If you have had a bad experience with MAB, you can beat them once you know your rights and use the proper channels to report them.
Exercise your rights when Mercantile Adjustment Bureau Contacts you
The Fair Debt Collection Practices Act (FDCPA) protects consumers from companies such as Mercantile Adjustment Bureau. These guidelines were formulated to control debt collection agencies who sometimes use extreme methods to collect money. The guidelines state that debt collectors should not:
- Call you a dozen times a day for a single debt
- Contact your loved ones or colleagues to ask about your debt
- Threaten you with arrest
- Threaten to take your driving license and other vital documents
- Refuse to identify themselves and the company they work for
- Fail to verify the debt once you send a Debt Validation Letter
If you encounter any of the above violations, submit a complaint against Mercantile Adjustment Bureau on their BBB profile and CFPB website. You can also report them to the Fair Trade Commission website and your state’s attorney general’s office.
Steps to respond to Mercantile Adjustment Bureau Lawsuit
MAB also provides litigation services to their clients, meaning that if you ignore their repeated attempts to collect a debt, they may file a lawsuit against you. Once you receive the suit, you must act fast to avoid legal repercussions. Take the following steps to save yourself from getting into a worse financial situation.
Don’t like reading? Watch this video:
1. Answer each claim listed in the Complaint
In the lawsuit you receive, you’ll have a Complaint document that lists the claims and allegations MAB made against you. You must respond to each allegation using either of the following three responses:
- Admit: This means acknowledging the specific claim made is true. Notably, admitting to all the claims listed is detrimental because it will lead to a judgment for MAB.
- Deny: This response usually insinuates that MAB needs to prove what they claim about you is true.
- Deny due to lack of knowledge: This politely denies the claim because you are not sure whether the claim is factual or not.
Legal professionals advise consumers to deny most claims, giving more work to the collection agencies to prove the case. This move often works in your favor because MAB may lose the case or be willing to accept a settlement offer.
2. Assert your affirmative defenses
Affirmative defenses involve explaining why you are not responsible for the debt and, if the debt is legitimate, why you should not pay. Ensure the defenses you give are factual, and you have the documents to prove it. If the defenses are weighty enough, MAB may dismiss the case or give you a settlement offer. Some affirmative defenses you can use include:
- The debt has passed the statute of limitations
- MAB debt information was inaccurate
- The debt was canceled or paid off
- MAB violated your consumer rights
- MAB lacks legal standing to collect from you
Fortunately, SoloSuit can help you outline the affirmative defenses using our Answer document.
3. File the Answer in court, and send a copy to Mercantile Adjustment Bureau
Once you finish steps one and two, print the Answer and make two copies. Send a copy to the court via mail, or you can deliver it to the courthouse—other courts also allow electronic filing. Next, send another copy to MAB attorneys and keep the last copy in your records.
It would be futile if you go through the trouble of answering the claims and listing your defenses and the document fails to reach the court in time. So, ensure you send the letter within the timeline given in your state.
Settle your debt with Mercantile Adjustment Bureau
If you carry out the above steps correctly, you have a chance to ask MAB to settle the debt. You can also request debt settlement before they sue you, preferably after they’ve responded to your Debt Validation Letter.
SoloSettle is an easy-to-use, tech-based approach to debt settlement. It allows you to send a settlement offer to MAB and receive their counteroffers until you reach an agreement.
What is SoloSuit?
SoloSuit makes it easy to fight debt collectors.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit’s Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we’ll have an attorney review your document and we’ll file it for you.
>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate
>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)
How to answer a summons for debt collection in your state
Here’s a list of guides for other states.
All 50 states.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Guides on how to beat every debt collector
Being sued by a different debt collector? Were making guides on how to beat each one.
- Absolute Resolutions Investments LLC
- Accredited Collection Services
- Alliance One
- Amcol Clmbia
- American Recovery Service
- Asset Acceptance LLC
- Asset Recovery Solutions
- Associated Credit Services
- Autovest LLC
- Cach LLC
- Cavalry SPV I LLC
- Cerastes LLC
- Colinfobur
- Covington Credit
- Crown Asset Management
- CTC Debt Collector
- Cypress Financial Recoveries
- Delanor Kemper & Associates
- Eagle Loan of Ohio
- Educap
- Estate Information Services
- FIA Card Services
- Forster & Garbus
- Freshview Solutions
- Fulton Friedman & Gullace LLP
- Harvest Credit Management
- Howard Lee Schiff
- Hudson & Keyse LLC
- Integras Capital Recovery LLC
- Javitch Block
- Jefferson Capital Systems LLC
- LVNV Funding
- Mannbracken
- Mariner Finance
- Medicredit
- Michael J Adams PC
- Michael J Scott
- Midland Funding LLC
- Mullooly, Jeffrey, Rooney & Flynn
- Mountain Land Collections
- MRS Associates
- National Collegiate Trust
- Nationstar Foreclosure
- Northstar Capital Acquisition
- NCEP LLC
- NRC Collection Agency
- OneMain Financial
- Palisades Collection LLC
- Pallida LLC
- Paragon Revenue Group
- Pinnacle Collections Agency
- PMAB LLC
- Portfolio Recovery Associates
- Provest Law
- PYOD LLC
- Reunion Student Loan Finance Corporation
- Revenue Group
- Regents and Associates
- RSIEH
- Salander Enterprises LLC
- Second Round Sub LLC
- Security Credit Services
- Sherman Financial Group
- Suttell and Hammer
- T-Mobile
- Transworld Systems
- Tulsa Teachers Credit Union
- UCB Collection
- Velo Law Office
- Velocity Investments
- Waypoint Resource Group
- Weinberg and Associates
- Wolpoff & Abramson
Win against credit card companies
Is your credit card company suing you? Learn how you can beat each one.
- Bank of America
- Capital One
- Chase
- Credit One Bank
- PayPal Synchrony Card
- SYNCB/PPEXTR
- Synchrony Bank
- Target National Bank
- Wells Fargo
Going to Court for Credit Card Debt — Key Tips
How to Negotiate Credit Card Debts
How to Settle a Credit Card Debt Lawsuit — Ultimate Guide
Get answers to these FAQs
Need more info on statutes of limitations? Read our 50-state guide.
Why do debt collectors block their phone numbers?
How long do debt collectors take to respond to debt validation letters?
What are the biggest debt collector companies in the US?
Is Zombie Debt Still a Problem in 2019?
SoloSuit FAQ
Read more : Who Is Bryson Tiller Dating
If a car is repossessed, do I still owe the debt?
Is Portfolio Recovery Associates Legit?
Is There a Judgment Against Me Without my Knowledge?
Should I File Bankruptcy Before or After a Judgment?
What is a default judgment?— What do I do?
Summoned to Court for Medical Bills — What Do I Do?
What Happens If Someone Sues You and You Have No Money?
What Happens If You Never Answer Debt Collectors?
What Happens When a Debt Is Sold to a Collection Agency
What is a Stipulated Judgment?
What is the Deadline for a Defendants Answer to Avoid a Default Judgment?
Can a Judgement Creditor Take my Car?
Can I Settle a Debt After Being Served?
Can I Stop Wage Garnishment?
Can You Appeal a Default Judgement?
Do I Need a Debt Collection Defense Attorney?
Do I Need a Payday Loans Lawyer?
Do student loans go away after 7 years? — Student Loan Debt Guide
Am I Responsible for My Spouses Medical Debt?
Should I Marry Someone With Debt?
Can a Debt Collector Leave a Voicemail?
How Does Debt Assignment Work?
What Happens If a Defendant Does Not Pay a Judgment?
How Does Debt Assignment Work?
Can You Serve Someone with a Collections Lawsuit at Their Work?
What Is a Warrant in Debt?
How Many Times Can a Judgment be Renewed in Oklahoma?
Can an Eviction Be Reversed?
Does Debt Consolidation Have Risks?
What Happens If You Avoid Getting Served Court Papers?
Does Student Debt Die With You?
Can Debt Collectors Call You at Work in Texas?
How Much Do You Have to Be in Debt to File for Chapter 7?
What Is the Statute of Limitations on Debt in Washington?
How Long Does a Judgment Last?
Can Private Disability Payments Be Garnished?
Can Debt Collectors Call From Local Numbers?
Does the Fair Credit Reporting Act Work in Florida?
The Truth: Should You Never Pay a Debt Collection Agency?
Should You Communicate with a Debt Collector in Writing or by Telephone?
Do I Need a Debt Negotiator?
What Happens After a Motion for Default Is Filed?
Can a Process Server Leave a Summons Taped to My Door?
Learn More With These Additional Resources:
Need help managing your finances? Check out these resources.
How to Make a Debt Validation Letter – The Ultimate Guide
Read more : Who Won The Runaway Scrape
How to Make a Motion to Compel Arbitration Without an Attorney
How to Stop Wage Garnishment — Everything You Need to Know
How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)
Defending Yourself in Court Against a Debt Collector
Tips on you can to file an FDCPA lawsuit against a debt collection agency
Advice on how to answer a summons for debt collection.
Effective strategies for how to get back on track after a debt lawsuit
New Hampshire Statute of Limitations on Debt
Sample Cease and Desist Letter Against Debt Collectors
The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah
West Virginia Statute of Limitations on Debt
What debt collectors cannot do — FDCPA explained
Defending Yourself in Court Against Debt Collector
How to Liquidate Debt
Arkansas Statute of Limitations on Debt
Youre Drowning in Debt — Heres How to Swim
Help! Im Being Sued by My Debt Collector
How to Make a Motion to Vacate Judgment
How to Answer Summons for Debt Collection in Vermont
North Dakota Statute of Limitations on Debt
ClearPoint Debt Management Review
Indiana Statute of Limitations on Debt
Oregon Eviction Laws – What They Say
CuraDebt Debt Settlement Review
How to Write a Re-Aging Debt Letter
How to Appear in Court by Phone
How to Use the Doctrine of Unclean Hands
Debt Consolidation in Eugene, Oregon
Summoned to Court for Medical Bills? What to Do Next
How to Make a Debt Settlement Agreement
Received a 3-Day Eviction Notice? Heres What to Do
How to Answer a Lawsuit for Debt Collection
Tips for Leaving the Country With Unpaid Credit Card Debt
Kansas Statute of Limitations on Debt Collection
How to File in Small Claims Court in Iowa
How to File a Civil Answer in Kings County Supreme Court
Roseland Associates Debt Consolidation Review
How to Stop a Garnishment
Debt Eraser Review
Do Debt Collectors Ever Give Up?
Can They Garnish Your Wages for Credit Card Debt?
How Often Do Credit Card Companies Sue for Non-Payment?
How Long Does a Judgement Last?
How Long Before a Creditor Can Garnish Wages?
How to Beat a Bill Collector in Court
Source: https://t-tees.com
Category: WHO
