Seeing a name like Absolute Resolutions Investments LLC suddenly appear on your credit report or receiving a letter from them can be unsettling. You might feel confused, worried, or even intimidated, wondering who they are and what you should do next. This uncertainty is common, but you are not without options.
This article will serve as your guide. We will explain who this company is, detail common consumer experiences, outline your legal rights, and provide clear, practical steps for how to resolve or defend against their collection actions. With the right information, you can navigate this situation with confidence.
Who Is Absolute Resolutions Investments LLC?
Absolute Resolutions Investments LLC is a financial company that operates as a debt buyer. Their business model is to purchase old, charged-off debts from original creditors—such as credit card companies, banks, or auto lenders—for a small fraction of the original amount. According to legal experts like Brown Law, PLLC, this is a common practice where the original lender sells the debt to cut its losses.
Once Absolute Resolutions buys the debt, it becomes the new legal owner. This gives them the right to attempt to collect the full amount from the consumer. Based in San Diego, California, they may collect the debt themselves or hire a third-party collection agency to do so on their behalf. This entire industry is regulated by federal laws, most notably the Fair Debt Collection Practices Act (FDCPA), which sets strict rules on what collectors can and cannot do.
Common Complaints and Consumer Experiences
A look at public forums and consumer protection websites reveals several recurring issues that people report when dealing with Absolute Resolutions.
Negative Reviews and Reporting Issues
Many consumer reviews on platforms like WalletHub and the Better Business Bureau mention problems with inaccurate credit reporting. Consumers often state that debts they don’t recognize, or debts that were already settled, have appeared on their credit reports under the company’s name.
Difficulty with Debt Validation
A frequent and serious complaint involves the company’s alleged failure to provide proper debt validation. As consumer advocates at FCRA.com point out, you have a legal right to receive proof that a debt is yours. Many consumers report that their requests for this documentation are ignored or met with incomplete information.
Aggressive Collection Tactics and Lawsuits
Some of the most stressful experiences involve receiving lawsuit notices. Companies like SoloSuit, which helps consumers respond to debt lawsuits, and law firms such as Loan Lawyers, note that consumers are sometimes sued without receiving clear prior communication or proof of the debt. This can leave people scrambling to figure out their options for legal defense.
Your Rights and Legal Protections
When dealing with any debt collector, including Absolute Resolutions, federal law provides you with powerful protections. Knowing your consumer rights is your first line of defense.
- The Right to Debt Validation: Under the FDCPA, you have the right to request written verification of the debt within 30 days of the collector’s first contact. Until they provide proof (like documentation from the original creditor), they must halt all collection activities.
- The Right to Dispute: The Fair Credit Reporting Act (FCRA) gives you the right to dispute any inaccurate information on your credit report. If you file a credit report dispute regarding an Absolute Resolutions account, the credit bureaus must investigate. If the company cannot prove the debt is accurate and belongs to you, it must be removed.
- The Right to Be Free from Harassment: The FDCPA prohibits collectors from using abusive, unfair, or deceptive practices. This includes calling you before 8 a.m. or after 9 p.m., contacting you at work after you’ve told them not to, or using threatening language.
- The Right to Respond to a Lawsuit: If you are sued, you have the right to defend yourself in court. Ignoring a lawsuit is the worst thing you can do, as it will likely result in a default judgment against you.
Absolute Resolutions Investments LLC: A Guide to Financial Solutions is about empowering you—understanding your rights, verifying what you owe, and defending your financial standing. With clarity and action, you can address collection issues, protect your credit, and find fair paths forward.
Practical Steps and Solutions
Here are the steps you should take if you are contacted by Absolute Resolutions Investments LLC.
- Request Written Debt Validation Immediately: Do not acknowledge the debt or make any promises over the phone. Instead, send a certified letter within 30 days requesting full validation of the debt. This forces them to prove you owe the money.
- Verify the Original Creditor and Statute of Limitations: Check the validation documents to confirm the original creditor and the date of the last payment. Every state has a statute of limitations—a time limit on how long you can be sued for a debt. If that time has passed, they cannot win a lawsuit against you.
- Document Everything: Keep a detailed log of every phone call, letter, and email. Save all correspondence. This documentation is crucial if you need to file a complaint or defend yourself in court.
- Negotiate a Settlement (If the Debt Is Valid): If you confirm that you owe the debt and it’s within the statute of limitations, you can often negotiate a settlement for less than the full amount. Crucially, try to negotiate a “pay-for-delete,” where they agree in writing to remove the collection account from your credit report in exchange for your payment. Get any agreement in writing before you send money.
- Seek Legal Advice: If you are being sued, believe your rights have been violated, or feel overwhelmed, contact a consumer rights attorney. Many offer free consultations and can provide expert guidance on your best course of legal defense.
Case Studies and Examples
Case Study 1: Removing an Incorrect Collection
Sarah found an Absolute Resolutions account on her credit report for a store credit card she never opened. She immediately sent a debt validation letter. When they failed to provide a signed application or any other proof, she filed a dispute with Experian, Equifax, and TransUnion, attaching copies of her letters. Within 45 days, the bureaus completed their investigation and removed the incorrect collection, causing her credit score to jump 40 points.
Case Study 2: Settling a Valid Debt
Mike had an old $1,500 personal loan that went to collections and was bought by Absolute Resolutions. The debt was valid. After receiving the validation documents, he contacted them to negotiate. He offered to pay $600 (40% of the balance) as a lump sum. They countered with $750. Mike agreed, on the condition that they provide a written “pay-for-delete” agreement. Once he received the signed letter, he made the payment, and the negative mark was removed from his credit reports two months later.
Frequently Asked Questions (FAQ)
1. Is Absolute Resolutions Investments LLC legit?
Yes, they are a legitimate debt-buying company registered in California. However, being legitimate does not exempt them from following federal laws like the FDCPA.
2. What should I do if I believe I don’t owe the debt they claim?
Immediately send a written debt validation letter via certified mail. Do not engage in phone conversations where you might accidentally say something that could be interpreted as acknowledging the debt.
3. How long do I have to respond to a lawsuit?
The time to respond to a lawsuit (a summons) is very short, typically between 20 and 30 days. If you receive one, it is critical to file a formal Answer with the court before the deadline. SoloSuit provides resources to help you generate this response.
4. Will settling a debt remove it from my credit report?
Not automatically. Unless you negotiate a “pay-for-delete” agreement in writing, a settled account will remain on your report for up to seven years, marked as “settled” or “paid.” This is still better than an unpaid collection but not as good as a full deletion.
5. Can debt collectors contact me at work or after certain hours?
No. The FDCPA forbids collectors from calling you before 8 a.m. or after 9 p.m. local time. They also cannot contact you at your workplace if you have informed them (orally or in writing) that you are not allowed to receive such calls there.
6. What if the statute of limitations has passed?
If the debt is past the statute of limitations, they cannot win a lawsuit against you. However, they can still attempt to collect the debt. Be very careful not to make a payment or promise to pay, as this can restart the clock in some states.
Conclusion: You Are Not Powerless
Facing a debt collector can be daunting, but you are not powerless. Knowledge of your consumer rights and taking swift, informed action are your best defenses. Do not ignore contact from Absolute Resolutions Investments LLC. Instead, be proactive. Verify everything, document your interactions, and stand up for your rights.
Start by checking your credit reports and gathering your documents. Depending on your situation, consider consulting with a consumer protection agency or a qualified attorney. Before making any decisions, you can use tools like financial calculators to assess your budget or read our latest financial insights to stay informed. Taking control of the process is the first step toward a successful resolution and a healthier financial future.
