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Lloyd & McDaniel acquires Cooling & Winter

Hannah Locklear | January 11, 2024

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: Debt collection law firm, Lloyd & McDaniel PLC, acquired Cooling & Winter LLC effective January 1, 2024. Any accounts managed by Cooling & Winter will now be serviced by Lloyd & McDaniel who are willing to work with you to settle your debt.

Starting January 1, 2024, the debt collection law firm known as Lloyd & McDaniel PLC acquired another firm, Cooling & Winter LLC. This means that, if you were previously sued by Cooling & Winter over a debt, you must now work with Lloyd & McDaniel to resolve it.

Sue for debt? Settle it before your court date.

What is Lloyd and McDaniel?

Lloyd & McDaniel is a debt collection law firm that specializes in collecting for national banks, credit card issuers, student loan issuers, debt buyers, and local financial institutions. If your debt has been handed over to them, it likely means your creditor has escalated the collection process.

Founded in 1952 in Kentucky, Lloyd & McDaniel has successfully expanded its debt collection legal services over the past 72 years, now representing clients across 13 states in the Midwest and Southern US.

Contact Lloyd & McDaniel

  • Phone: (866) 548-2486
  • Fax: (502) 585-3054
  • Email: email@lloydmc.com
  • Mailing address: P.O. Box 23200, Louisville, KY 40223-0200
  • Physical address: 700 N Hurstbourne Pkwy Suite 200, Louisville,Ky 40222

What is Cooling and Winter?

Cooling & Winter LLC was a debt collection law firm based in Marietta, Georgia. The firm, which was established in 2015, often employed an aggressive approach in pursuing debts, such as filing lawsuits, seeking judgments, and garnishing wages or bank accounts.

In 2024, Cooling & Winter was acquired by Lloyd & McDaniel, marking a new phase in its history and operations. If you’ve been contacted by Cooling and Winter about a debt in the past, you must now communicate with Lloyd & McDaniel to resolve it; check out this notification from Lloyd & McDaniel, which explains how:

Here’s how to negotiate with Cooling & Winter

The first step to negotiating with Cooling & Winter is to realize they are now owned by Lloyd & McDaniel PLC, and as such, you will be working with Lloyd & McDaniel to settle your case moving forward.

You can negotiate with Cooling & Winter by contacting them at CWinfo@lloydmc.com or (800) 291‐5144, but note that you’ll be redirected to a Lloyd & McDaniel representative.

Now, let’s explore how to settle debt with Lloyd and McDaniel.

Use these tips on how to settle with Lloyd and McDaniel

Debt settlement might seem intimidating, but Lloyd & McDaniel is willing to work with you to reach a settlement.

Lloyd & McDaniel acts as the middleman between you and the company, creditor, or debt collector that is suing you. For example, if you’re being sued by Discover Bank, Lloyd & McDaniel will work with you and Discover representatives to help the two parties come to an agreement.

Here’s a real example of a correspondence from Lloyd & McDaniel, which explains its willingness to settle with consumers:

Here are seven steps you can take to settle with Lloyd & McDaniel:

  1. Understand the debt: Confirm the amount owed, the original creditor, and any additional charges or fees that may have been added to your debt before you engage in any settlement discussions.
  2. Know your rights: Familiarize yourself with your rights under the Fair Debt Collection Practices Act (FDCPA). This federal law prohibits debt collectors from using abusive, unfair, or deceptive practices. Knowing your rights can help you navigate the process without being intimidated or misled.
  3. Communicate in writing: When dealing with debt collectors, it's advisable to communicate in writing. This creates a paper trail that can be invaluable if there are disputes or if you need to prove the terms of any agreement reached.
  4. Negotiate a settlement: Often, collection agencies like Lloyd and McDaniel are willing to settle for a fraction of the total debt. When negotiating, start with a low offer and be prepared to explain your financial situation. Remember, it’s a negotiation, so there might be some back-and-forth before reaching an agreement.
  5. Don’t commit to what you can’t afford: Be realistic about what you can afford to pay, either in a lump sum or in installments. Overcommitting can lead to further financial strain and potentially more debt.
  6. Get the agreement in writing: Once you reach an agreement, ensure that the terms are documented in writing before making any payment. This written agreement should include the settlement amount, the terms of payment, and a statement that the debt will be considered settled once the agreed-upon amount is paid.
  7. Keep records of all payments: After settling, keep records of all payments you make. This includes bank statements, receipts, and any correspondence with the collection law firm.

Remember, settling a debt is often about finding a mutually beneficial solution. While it can be a challenging process, using SoloSettle can increase your chances of reaching a favorable outcome.

Settle your debt with Lloyd & McDaniel.

What should I do if Lloyd & McDaniel is suing me?

If you find yourself being sued by Lloyd & McDaniel, follow these steps:

  • Don't ignore the lawsuit. Responding is crucial. Ignoring it can lead to a default judgment against you. Instead, file an Answer into the case.
  • Review the Complaint. Understand the basis of the lawsuit, and determine your best defense.
  • Gather your documents. Compile any documents related to the debt.
  • Check the statute of limitations on your debt. Many debt collection law firms are known to sue for debts that are outside of the statute of limitations. Check your state’s statute before you make any payments.
  • Settle the debt. Before the court date, see if a settlement can be reached. If you pay off a lump-sum portion of the debt, Lloyd & McDaniel may dismiss the case.

Respond to a Lloyd & McDaniel lawsuit.

Access the Lloyd & McDaniel payment portal online

If you decide debt settlement is your best route, you can pay online through Lloyd & McDaniel’s website.

Note that the Lloyd & McDaniel payment portal page states that you can schedule a payment plan that lasts one year, otherwise, you have to contact a representative from the firm to discuss other payment options. More specifically, the site states:

“The new portal allows you to make one time payments, a single future dated payment, or schedule a payment series that will resolve the account in full within 1 year. If you require additional time, please contact an Account Representative at (866) 548-2486. This is an attempt to collect a debt. Any information obtained will be used for that purpose.”

Key takeaways

Here are some key takeaways from how to settle debt with Lloyd & McDaniel (or Cooling & Winter):

  1. Starting January 1, 2024, Lloyd & McDaniel PLC, a debt collection law firm, acquired Cooling & Winter LLC. This change means that individuals who were previously dealing with Cooling & Winter for debt-related issues must now work with Lloyd & McDaniel to resolve these matters.

  2. To negotiate a settlement for a debt previously handled by Cooling & Winter, you should now contact Lloyd & McDaniel directly. It's important to understand the details of your debt, be aware of your rights under the Fair Debt Collection Practices Act, communicate in writing, and negotiate realistically based on what you can afford. Ensure any settlement agreement is documented in writing.

  3. If you are being sued by Lloyd & McDaniel, it's crucial to respond to the lawsuit promptly to avoid a default judgment. Review the complaint thoroughly, gather any relevant documents, check the statute of limitations on the debt, and consider settling the debt before the court date. Lloyd & McDaniel's online payment portal offers options for making payments or scheduling a payment plan.

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