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How to Settle Debt With Credit Management LP

George Simons | January 30, 2025

Fact-checked by Patrick Austin, J.D.

Patrick Austin
Attorney from George Mason
Patrick Austin, JD

Patrick Austin is a licensed attorney with a background in data privacy and information security law. Patrick received his law degree at George Mason University's Antonin Scalia Law School, where he served as the Editor-in-Chief for the National Security Law Journal.

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: Feeling overwhelmed by Credit Management LP's calls? Stay calm. Understand your rights, respond promptly to lawsuits, and negotiate to settle your debt. Credit Management LP will work with you to find a resolution, and Solo can help you streamline the process.

If Credit Management LP is contacting you with multiple phone calls and letters, you are probably feeling a combination of anger, frustration and stress. This is perfectly understandable.

If you find yourself in this situation, don't raise the white flag of defeat. You have legal rights and statutory protections that can help you resolve your debt collection matter with Credit Management LP.

Settle debt with Credit Management LP

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

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What is Credit Management LP?

Credit Management, LP is a debt collection agency that collects on behalf of financial institutions and businesses in various industries. It also purchases charged-off debt accounts for a fraction of the original debt amount and proceeds to contact debtors to collect the full amount owed.

Credit Management, LP is a subsidiary of CMI Group, which provides debt recovery and collection services via multiple subsidiaries.

Who does Credit Management LP collect for?

Credit Management LP collects for various companies and entities, including:

  • Hospitals
  • Auto lenders
  • Banks
  • Telecommunication providers

As a debt collection agency, Credit Management, LP frequently purchases old debts from big credit card companies or banks significantly less than the actual debt amount.

As a consumer, you should understand your rights and options so that you know what the best response to Credit Management will be.

Read Credit Management, LP reviews online

Looking for information about what other people have shared regarding their debt collection experience with Credit Management LP? If so, check out these real online reviews:

It’s not unreasonable to point out that the online reviews for Credit Management LP are not all five stars. Nevertheless, there are many consumer reviews indicating you can have a positive experience communicating with Credit Management LP on a debt matter. Let’s consider a real example from a borrower named Alex:

“I had some debt that showed up on my credit report from an old internet provider I had. Apparently, it had been sold to these guys. They were very helpful when I called to pay, they also gave me a 30% discount when I paid it off. It's definitely a fair collection agency.”

Alex’s review shows that if you take the time to engage in a productive discussion with Credit Management LP, you can achieve a resolution to your debt issue (and actually pay less than what is owed). Clear communication is extremely important to finding a solution, and ignoring the debt will only make matters worse.

Know your rights under the FDCPA

It is important to know your legal rights under the Fair Debt Collection Practices Act.

This complex law has many provisions that state what a debt collector can and cannot do to get money for debts. Some of the many rules they must follow are:

  • The debt collector is prohibited from contacting you at work.
  • The debt collector is not allowed to use vulgar or rude language when they communicate with you.
  • The debt collector cannot threaten you with a lawsuit.
  • A debt collector is prohibited from calling you at home before eight in the morning and after nine at night. If they communicate with you, it must be during business hours.

If you believe a debt collector may have violated any of these rules to get you to pay off a debt, you should submit a complaint to the BBB and report it to the CFPB, FTC, or your state's attorney general.

Sued by Credit Management, LP? Here’s how to respond

If Credit Management LP sues you, it's good policy to respond as soon as possible. Please don't think you can ignore the lawsuit and it will go away. This means the debt collection company wins. But there are several things you can do to get the lawsuit thrown out as you write your Answer.

Follow these three steps to respond to your debt lawsuit against Credit Management, LP:

  1. Answer each allegation listed in the Complaint, and deny as many claims as possible.
  2. Assert your affirmative defenses to strengthen your side.
  3. File your Answer with the court before the deadline, and send a copy to Credit Management.

Now, let's break these steps down in detail. Check out this video if you prefer not to read:

1. Answer each allegation listed in the Complaint

The first and most important section of your Answer document should include a list of responses to each allegation from the Complaint document. When responding, you should know that most attorneys advise you to deny as many allegations as possible. Here are the three was you can respond to an allegation:

  • Deny: “Prove it.”
  • Deny due to lack of knowledge: “I don't know.”
  • Admit: “This is true.”

Never concede to a debt collection company that you owe the debt. They must prove that the debt is yours. Don't do their job for them.

When you deny a claim, it's like asking Credit Management, LP to prove what they're saying is true. If they don't have the necessary documentation to prove their case, they will probably drop it altogether. If you just admit to everything, there is not much of a point in responding at all. In fact, failure to respond is interpreted as admitting. Fight back by denying.

Draft your Answer in less than 15 minutes.

2. Assert your affirmative defenses when you respond

In the next section of your Answer document, you need to assert your affirmative defenses. An affirmative defense is basically any weakness in Credit Management, LP's case. A common affirmative defense to use is the statute of limitations on debt. This is the deadline a debt collection agency has to sue someone for a debt. If no payment or activity has occurred on an account for a certain number of years, the debt is probably past the statute of limitations.

The statute of limitations is different in every state. If the statute of limitations expired, you could file a motion to have the lawsuit dismissed with prejudice. Just make sure you do not make any payments on a debt account until you understand the statute of limitations on that debt. Doing so will restart the clock.

Remember that Credit Management LP must prove you owe the money. So they have to prove a few things before they can legally claim the debt is yours.

  • The debt collection agency can sue you.
  • You are the person who owes the money.
  • You owe the amount claimed by Credit Management LP in its Complaint.

If the debt collection firm doesn't satisfy these requirements, the lawsuit may be dismissed.

Also, you may even be able to get compensation and your legal fees paid by Credit Management LP if you can prove they violated federal law when they contacted you. If you are smart and aggressive, you can walk away without owing a dime and have the debt collection company pay your legal fees.

Make the right defense the right way, with SoloSuit.

3. File the Answer with the court

Last, but certainly not least, you should file your Answer with the court before the deadline, which can be anywhere from 14-35 days depending on which state you live in. Your Answer should be professional and include your signature at the bottom. Usually, you can mail your Answer for filing or drop it off in person.

Some courts require that you file electronically online.

Some courts also charge a filing fee to enter your Answer into the case. This is a pretty lame practice, but unfortunately, many states have statewide filing fee laws.

After your Answer is filed with the court, make a copy and send it to the attorneys representing Credit Management, LP. Their address should be listed on the Summons and Complaint documents. Make sure to send it via USPS certified mail with a return receipt requested. This will serve as proof that you sent everything correctly.

SoloSuit can help you file an Answer in all 50 states.

Negotiating a debt settlement with Credit Management LP

If you acknowledge that you owe the debt and want to avoid going through the contentious and stressful litigation process associated with a debt collection lawsuit, then you should consider negotiating a debt settlement. Credit Management LP may agree to settle for a lesser amount than nothing at all, especially if you make a reasonable lump sum offer.

If you were served with a Summons and Complaint regarding a debt collection lawsuit, then now is the time to act and not bury your head in the sand hoping the debt will magically disappear. If you take just a few proactive steps, you could potentially get Credit Management LP off your back and get them to accept a significantly lower amount through negotiated settlement.

The debt settlement process can be as simple as following these steps:

  1. If Credit management LP filed a debt collection lawsuit against you, make sure to review the Summons and Complaint and file a timely Answer.
  2. Determine how much you can afford to put toward the amount owed without negatively impacting your ability to pay other necessary living expenses (e.g, rent/mortgage, utilities, food, and so forth).
  3. Send your settlement offer to Credit Management LP.
  4. If you are able to secure an amicable agreement, make sure to get the debt settlement terms and provisions in writing.

To learn more about the debt settlement negotiations process, check out this video explaining how you can effectively negotiate a debt settlement on your own:

SoloSettle makes it easy to initiate the debt settlement negotiation process. Remember to keep copies of all agreements you reach with Credit Management LP and honor your part of the agreement.

Know these key takeaways on how to beat Credit Management, LP

We have covered a lot of ground, but here's a quick summary of what you should do if Credit Management LP sues you:

  • Understand your consumer rights under the FDCPA.
  • Respond to each claim listed in the Complaint document. It may be the best idea to deny as many as possible.
  • Raise affirmative defenses in your answer, such as the company violated federal law when they called or wrote to you. You also should insist Credit Management LP prove that you owe the debt and that you are the one who owes it.
  • File your Answer to the complaint within the deadline.
  • Send a copy of the Answer to Credit Management, LP.
  • Engage with Credit Management LP in settlement negotiations to work out a payment plan or lump-sum payment and resolve the debt for less.

These are proven methods to beat Credit Management LP. Remember to file a countersuit if they may have violated the FDCPA.

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