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Sued By Second Round Sub LLC for a Debt? How to Settle

George Simons | January 29, 2025

George Simons
Co-Founder of SoloSuit
George Simons, JD/MBA

George Simons is the co-founder and CEO of SoloSuit. He has helped Americans protect over $1 billion from predatory debt lawsuits. George graduated from BYU Law school in 2020 with a JD-MBA. In his spare time, George likes to cook, because he likes to eat.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: To settle with Second Round Sub LLC, review your debt, assess your finances, propose a written settlement offer, and document all agreements. Use SoloSettle for help.

Being sued for debt is something that millions of Americans experience, yet many do not know how to handle the situation. Many people's initial idea is to avoid the situation altogether and ignore it. This is the wrong thing to do. It is essential that you respond to the debt collector as soon as possible. Typically, you have a window of anywhere from 14 to 30 days. Failing to respond to the lawsuit can have a devastating impact.

Ignoring a lawsuit will allow the debt collector to win automatically. This leads to a judgment against you and various consequences.

Settle debt with Second Round Sub LLC

You can negotiate debt settlement at any stage of the collections process. SoloSettle makes it easy.

Settle with SoloSettle

Consequences of a default judgment

If a judgment is issued against you, it may be on your record for up to 20 years. This negatively impacts your credit report and can make it hard to buy a home or car, open credit cards, or obtain a loan. Additionally, it opens up avenues for collection, such as:

  • Wage garnishment
  • A lien placed on your property
  • Taking funds directly from your bank account
  • Taking your property

It is essential to avoid getting to this point. Instead, find a solution. Debt settlement is an excellent option if the debt is valid. You also have the option of fighting the lawsuit in court.

Don't let a default judgment get filed against you. Respond with SoloSuit.

Who is Second Round Sub LLC?

If Second Round Sub is suing you, you should know this is a debt collector. Second Round Sub was founded in 2008 and is located in Austin, Texas. It is accredited by the Better Business Bureau (BBB) and maintains an A+ rating.

Who does Second Round, LLC collect for?

Second Round purchases debts from original creditors, which include:

  • Credit card companies
  • Banks
  • Other lenders
  • Utility companies
  • Telecommunication
  • FinTech

They purchase debts from original creditors, or the debts may be purchased from a different debt collector, meaning that the debt has been bought and sold multiple times. They may purchase these debts for pennies on the dollar, meaning they have room to negotiate a settlement for much less than you owed to the original creditor.

Read Second Round reviews online

Online reviews are a valuable resource when researching how to resolve a debt collection matter. Second Round, LLC has its fair share of reviews on the following platforms:

  1. Second Round reviews with the Better Business Bureau (BBB)
  2. Second Round reviews on the CFPB consumer database
  3. Second Round reviews on Google

While online reviews are mixed, some consumers report a positive experience with the company. Let’s look at a real Second Round review from Kaila:

“Spoke with a guy named Craig who helped me very cordially in paying off a debt. He helped me set up a payment plan and was very informative.”

While most people don’t have anything positive to say about debt collectors, Kaila’s experience shows that if you’re willing to engage with collectors and have an open conversation about your debt situation, there is a good chance they will work with you to resolve the debt—often for less.

Negotiate with Second Round Sub to settle your debt for less.

What to do when sued by Second Round Sub LLC for a debt

Gather information on the debt

If the creditor suing you is Second Round Sub, they are not your original creditor. The debt will most likely have been sold many times, or it may be something you completely forgot about (known as a zombie debt). Be sure to go through all of your personal information and compile it such as:

  • Validation letter: This can be asked for in order to have proof that the debt is owned by the collector, and owed by you.
  • Who the creditor is: This should be labeled on your validation letter and clearly stated on your Summons.
  • Proof that you owe the debt, such as your original credit agreement, last statement, or other proof that the debt belongs to you.
  • The statute of limitations is a set of laws that governs how long you may be sued for debt. It is different in every state but can be as little as two years and as long as 20. Generally, it is between four and six years. This means that the debt is considered to be “time-barred.” This means you cannot be sued for the debt, although debt collectors may attempt to.

Sued by Second Round Sub? Respond to block a default judgment.

Respond to the lawsuit promptly

If you do not respond to the lawsuit, it may complicate your situation or prevent you from fighting it. Once you receive the Summons and Complaint, you typically have between 14 and 30 days to respond. You need to file an Answer to the Complaint with the court and send a copy by certified mail, to the attorney representing Second Round, LLC.

In the Answer, you will respond to the allegations in the Complaint in one of three ways:

  1. Admit–you admit the statement is true (please be aware that admitting to things means that Second Round, LLC doesn’t have the burden of proving that it’s true).
  2. Deny–you deny that the information is true.
  3. Deny due to lack of knowledge–you lack sufficient information to determine if the statement is true or not.

Show up to the hearing prepared.

You must show up to your hearing regardless of whether you owe the debt or not unless you’ve reached a settlement or the plaintiff has agreed to drop the lawsuit. In the event you do owe the debt, the judge will decide if you need to pay, and you will have the ability to submit a defense.

Sometimes, even though you purchased an item or service, that may not have been delivered, or the contract was unenforceable. If this is the case, it can be used as a legal defense in court.

Use Solo to respond to debt collector and settle.

When fighting a debt collector who has purchased the debt, they often prefer to avoid a legal battle. This gives you an excellent opportunity to settle the debt for far less than you owe.

How to settle a debt with Second Round, LLC

Settling a debt with Second Round, LLC involves several steps. Here is a structured approach to help you navigate the process:

  1. Understand your debt–review the debt and make sure you understand how much you owe, who you originally owed the debt to, and whether or not the debt is valid.
  2. Assess your finances—Review your finances and determine how much you can afford to offer as a lump sum settlement.
  3. Contact Second Round, LLC. Contact their customer service department and politely explain your intention to settle the debt. However, make sure you keep all negotiations in writing. You can do this by sending a debt settlement offer or following up on any phone conversations by restating what was said in an email.
  4. Once you’ve agreed on a settlement amount, have them provide a Settlement Agreement that states the amount you will pay and that they will forgive the remainder of the debt.
  5. Pay the debt.

SoloSettle can help make the debt settlement process smooth by tracking all communication between you and Second Round, LLC, helping you prepare your offer, and providing a secure way to make the payment.

Settle with SoloSettle

Make an Offer

If you still don’t feel ready to call Second Round Sub LLC to negotiate your debt, check out the video below where a licensed attorneys shares negotiation strategies and helpful hints to help resolve debt and avoid legal fees:

How to Answer a Summons for debt collection in all 50 states

Here's a list of guides on how to respond to a debt collection lawsuit in each state:

The Ultimate 50 State Guide

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If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.

Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.

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State debt collection laws

Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.

Statute of limitations on debt

Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote guides on each state’s statutes and more.

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Wage garnishment

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The Debt Hotline

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