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How to Settle Debt With Palisades Collection LLC

George Simons | February 01, 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: If sued by Palisades Collection LLC, respond promptly with a written Answer to avoid default judgment. Negotiate a debt settlement or demand proof of the debt. Use Solo to simplify the settlement process.

Many people are put in the position of being named in a lawsuit. If this unfortunate event were to occur to you, the proper action to take is to not ignore the situation. Once you are served with a summons, you have a limited amount of time to respond. This response is your legal right.

If Palisades Collection LLC is the company filing the suit against you, time becomes a critical component of exercising your rights. This is done with work to structure a legal strategy. Any consumer that doesn't protect their legal rights or respond to the summons is undercutting their own ability for any kind of positive outcome.

Despite the stress of being named in a lawsuit, working on this strategy is key. Finding out everything you can about Palisades Collection LLC is top priority.

Settle debt with Palisades Collection LLC

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

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What is Palisades Collection LLC?

Palisades Collection LLC is a legitimate debt collection company based in Englewood, New Jersey. Their name may or not be familiar to consumers they have attempted to collect from. One of the reasons for this is because Palisades Collection is a debt buyer.

A debt buyer purchases charged off debt. Often, the debt they buy is older in addition to being charged off. So as they are in the midst of their collection process, consumers should understand that when they receive verbal or written communication from Palisades or in some cases their parent corporation, Asta Funding, those names aren't ringing any bells with the consumers who allegedly owe the balances.

Because Palisades Collection LLC purchased an account that was charged off, the chance is very good that the consumer hasn't been contacted in some time. So, when collection representatives begin communications, consumers can be confused and assume they got the wrong party and begin to ignore the issue.

Who does Palisades Collection LLC collect for?

Palisades Collection LLC pursues delinquent debts that were originally owed to various creditors, such as HSBC and other financial institutions.

Read Palisades Collection LLC reviews online

Prior to engaging with Credit Control Corporation on your debt collection matter, it is recommended to take some time to check out real online reviews posted by other consumers:

It’s reasonable to say the online reviews for Palisades Collection LLC are mixed (some positive, some not so positive). Despite the mixed reviews, there are some notable reviews indicating people can have a positive and productive experience communicating with collectors from Palisades Collection LLC to discuss a debt collection matter.

Nevertheless, if the prospect of calling a debt collector to engage in settlement talks sounds terrifying, then consider using SoloSettle to negotiate online and resolve your debt through our innovative digital settlement platform.

4 steps to negotiate a debt settlement with Palisades Collection LLC

No matter where you are in the debt collection process, you retain the ability to initiate settlement negotiations with Palisades Collection LLC. For context, a debt settlement basically asks the debt collector to accept a lower amount than what is owed. Many debt collectors are open to considering a settlement offer since it presents them the opportunity to collect and close out the delinquent account. Negotiating a settlement is beneficial for you since you could wind up paying significantly less than what you owe.

Here are some steps you can take to effectively negotiate a debt settlement with Palisades Collection LLC:

  1. Objectively assess your financial situation. Make sure you write down everything you owe, including the type of debt and the total amount. Go through your monthly budget to determine if you have sufficient funds to make a reasonable payment toward a settlement. This analysis should take your monthly income and your expenses (e.g., rent/mortgage, food, savings, etc.) into consideration. Why? Because this calculation will help you in deciding whether you can realistically make a lump-sum payment if a settlement is agreed upon.
  2. Contact Credit management Company. Once you have your financial situation figured out, you can contact the debt collector to kick off settlement talks. It's a good idea to start the negotiations with an opening offer that is lower than the amount you can actually pay toward the debt. This strategy will give you some flexibility to engage in productive negotiations.
  3. Get the Settlement Terms in Writing. If you have success reaching a debt agreement with Palisades Collection LLC, make sure to get the terms and provisions in writing. If the debt collector drafts the agreement, read through the document carefully and make sure you understand the terms and conditions. If you have any questions or concerns about the settlement agreement, be sure to address them with the debt collector.
  4. Make the payment. Once the agreement is in place and signed, make your payment on or before the agreed-upon date.

Get additional insight into how to effectively settle your debt with Palisades Collection LLC by watching this informative video:

What should you do if Palisades Collection LLC sues?

Keep in mind that being served a summons is not an enviable position to be in for anyone. It is imperative to not stick your head in the sand. Remember, it is your right to take action against the Complaint. This is the formal name for the lawsuit. Palisades Collection is making allegations about you, the debt that they allege is owed, dates and times that they allege that they attempted to collect the debt among these allegations.

You have to answer these allegations to protect yourself by preparing the correct answers to the suit. These “answers” are known as affirmative defenses. Once completed these affirmative defenses are submitted to the court. You see, the courts will not allow them to simply allege anything they want. The burden of proof is on them to prove to the court every single allegation they made in the Complaint. .

Palisades actually hopes and prays that consumers don't respond. Intimidation into doing nothing is what companies like this do. If you take no action, Palisades Collection LLC will file a motion to the court requesting a summary judgment. They do this because consumers failed to submit any affirmative defenses on their own behalf.

That's why it is essential to respond to their allegations. In some cases, the affirmative defenses can lead to a settlement or if Palisades cannot demonstrate the proof of the allegations in their complaint, the courts may even dismiss in favor of the consumer.

Your “Answer” to the Complaint must be done in a timely manner. Time is of the essence because in most jurisdictions there is a small window of time the court will accept your affirmative defenses. This is where Solo can help.

The alternative to providing a response is your risk of the court granting Palisades Collection a summary judgment. If this occurs, Palisades can and most likely will garnish your wages. They can and would probably freeze your bank accounts and place a lien on your personal property.

Filing an Answer is only the first step to resolving a debt lawsuit. You must also attend court hearings and respond to other, subsequent documents that are filed in the case. One way to avoid going to court altogether is to negotiate and settle the debt before the hearing date. SoloSettle helps streamline the settlement process and keep everything documented to avoid future disputes.

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What to do after submitting your affirmative defense

Simply submitting your affirmative defenses is not generally the end of the lawsuit. Palisades has a legal team ready to work against you to collect what they can. If they took the action of filing the lawsuit and serving you with the summons, they aren't about to quit because you responded to their allegations.

Your affirmative defenses put the ball back in Palisades Collections LLC court. They then have to provide you and the court the documentation that proves their allegations. Even if they were to provide some documentation, you have the right to demand the accounting of the alleged debt. This is your opportunity to hold Palisades accountable for taking the action of this lawsuit.

During this process, you have to make sure you do the following:

  • Submit your Affirmative Defenses in the time frame required by the Court
  • Do not admit any liability for the debt. Remember, make them prove to you and the Court that you are indeed legally responsible for the debt
  • Make sure that every allegation is answered. One of the common threads in complaints and counter lawsuits against Palisades Collection LLC is they have in the past, attempted to collect debts that were past the statute of limitations

This is how you can demand from Palisades that they verify and validate the accuracy of their allegations. As a debt buyer, Palisades may not have the original documentation of the debt. Verification of old debt, especially if the debt has changed hands more than once becomes a difficulty for companies like these.

Draft and file an Answer to your debt lawsuit.

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