Have an issue with Sequium Asset Solutions? Need help?
Have you been harassed by a debt collector who calls and texts all day? Is someone from Sequium Asset Solutions threatening to sue you? We explained all about the company, whether they are legitimate, and what you can do if they contact you.
Sequium Asset Solutions is a debt collector. They were founded in 2016.
Yes, if you owe the money you should settle with Sequium Asset Solutions. They are a legitimate company and you should work with them. However, even legitimate companies have been known to sometimes act unfairly and violate things like the Fair Debt Collection Practices Act (FDCPA). So if you have been harassed or treated unfairly, consider filing a complaint or working with an attorney.
Yes, Sequium Asset Solutions is a legitimate company.
Sequium Asset Solutions is not a junk debt buyer, they are a legitimate debt collection agency.
Don’t assume you can ignore Sequium Asset Solutions. If you ignore them, Sequium Asset Solutions can take legal action against you to get the money. That said, even though they are a legitimate company, Sequium Asset Solutions sometimes makes mistakes or violates the most recent FDCPA regulations about when and how they contact you. If this happens, you can share your complaints with outside attorneys, or file complaints with the government. You can get legal help to sue the collection agency if that is insufficient.
Sequium Asset Solutions collects for collects for telecommunications companies, namely Comcast, DirecTV, and AT&T.
If Sequium Asset Solutions is calling you and you don’t think you have debt, you need to send them a request for validation. You have 30 days from the first point of contact to ask the company for authenticity, verifying the legitimacy of the debt. You might not realize you actually have debt, or it might be a mistake. What happens more and more often today is people get a new cell phone number but that number belongs to someone else previously and is associated with an account sent to collections.If Sequium Asset Solutions can’t prove the legitimacy of the debt and provide you with evidence that it’s yours, they have to stop trying to collect. If they don’t send you the appropriate response to your request for validation, you can send them a communication called insufficient validation.
In some situations you know the debt is real but you’ve already paid it. If Sequium Asset Solutions is calling about debt I’ve already paid, double check your records. Sometimes debt collectors send the information about a payment to the original lender but it isn’t accurately reported. Other times companies like Sequium Asset Solutions don’t verify their information. At the same time, send them a request for validation. This will force Sequium Asset Solutions to stop their collecting attempts and authenticate the debt. Do this within 30 days of your first contact. You can get help with this from an attorney.
As a debt collector, some of the laws that Sequium Asset Solutions must follow include the FCRA, the FDCPA, and the TCPA.
That alphabet soup stands for the Fair Credit Reporting Act, which gives you rights to help ensure your credit report remains accurate; the Fair Debt Collection Practices Act, which protects you from being abused and deceived by debt collectors; and the Telephone Consumer Protection Act, which limits robocalls and other telephone spam.
If you think any of these consumer protection laws may apply to your situation, tell us about it.
If you believe the debt Sequium Asset Solutions is calling about has expired, you want to check your records and at the same time, send Sequium Asset Solutions a request for a validation letter. There is a different statute of limitations for each type of debt, so make sure the debt actually is expired. And make sure it has been legitimately removed from your credit score. If not, contact the credit reporting agencies to have it updated. Sometimes companies like Sequium Asset Solutions think they are collecting on a legitimate debt when they aren’t, or they never bothered to check in the first place. If there was a mistake, they should be updated but if the debt has expired, you can send them a cease communications notice. This is something an attorney can help you with.
There are many ways you can try to settle for less. Working with an attorney might make this process easier but it’s important to understand that debt collectors generally aim to settle for a percentage of what you owe, not necessarily the whole amount. If they can collect between 40% and 80%, they’ve done a good job.
If you owe the money, the best way to get rid of Sequium Asset Solutions is to settle with them. If you don’t think you owe any money, you can ask Sequium Asset Solutions for a validation letter, something you should do immediately. You can try to settle for less if the debt is legitimate and if it isn’t, you can send the company a letter of insufficient validation. These are all things that attorneys can help you with.
If your debt is current, yes they can sue you. They often won’t use this route unless you completely ignore their attempts to collect. They are prohibited from suing or threatening to sue consumers for payment on a debt that is past the statute of limitations though.
Sequium Asset Solutions LLC owns Sequium Asset Solutions.
The current CEO is Greg Schubert.
Sequium Asset Solutions is headquartered in Marietta, Georgia.
Sequium Asset Solutions collects for telecommunications companies, namely Comcast, DirecTV, and AT&T.
Employees are paid a minimum wage with the opportunity to get a bonus or commission based on the amount they settle for your account.
If you looked at your credit report and found something labeled “Sequium Asset Solutions” on your credit report, you had an account that was sent to collections, likely labeled as delinquent.
No, you do not require a lawyer. You are perfectly able to represent yourself and negotiate for a viable settlement. However, many people find that the process is less stressful and much easier if they have legal representation.
The FDCPA uses the word “verify,” but some other organizations use the word “validate.” No matter which word is used, it can mean two things. First, You “validate” a debt by sending a letter to Sequium Asset Solutions officially asking them for information that would confirm the validity of the debt. You or an attorney must do this within 30 days from the first time they contact you.Second, Sequium Asset Solutions then “validates” the debt on their end by providing you with this information. Once they get your letter they have to legally stop any attempts to collect on the debt until they have verified the debt. They should send a response within 30 days. If they don’t follow the law or they are unable to verify it, they have to stop collection attempts.
The length of time required to reach a settlement really depends on how proactive you are, whether you have an attorney with you, whether you are contesting mistakes or issues with the debt, and what you are able to offer. Obviously if you are contesting or you are negotiating because of financial hardship, it might take a little bit longer to reach a settlement.
What you offer is based on your financial situation. If you are working with an attorney, consult with them about how much you should offer. Attorneys who have experience working with Sequium Asset Solutions might know directly how much they require 4 settlements based on different financial situations. On average companies try to collect between 40% and 80% of the total amount you owe.
Yes, creditors can sue you especially if you ignore their attempts to collect on a debt. They can get a court order that allows them permission to liquidate some of your assets in order to repay the debt but you won’t just wake up with no warning and find all of your money drained from your bank account.
You can ignore Sequium Asset Solutions, but you shouldn’t. If you believe the debt has expired or isn’t yours or is otherwise inaccurate, ignoring their attempts to collect from you will only hurt you in the long run. It can be frightening to deal with debt collectors, but ignoring them only builds up that fright. Dealing with the issue head-on and immediately can give you the opportunity to correct mistakes.Ignoring collection agencies leaves you susceptible to additional legal action like lawsuits. It also reduces your opportunity to correct mistakes.
When debt collectors get an account, it comes with your contact information. They use this information to try and get a hold of you.
Yes, you can pay Sequium Asset Solutions with a credit card. They accept Visa, Mastercard, American Express, and Discover card. You have to log into your account to make confidential, online payments.
Paying off an account that is sent to collections will improve your credit score long-term even if you reach a settlement that represents only a percentage of the total amount owed. The longer you postpone paying off your debt, the longer it stays as a delinquent account on your credit report. However, once you reach an agreement, be sure to negotiate for a tradeline deletion as part of that agreement. If you don’t, even after paying off your account, it will show up on your credit as “settled” with a zero balance for seven years.
No, debt does not go away after 7 years. This is a common misconception. In actuality your debt will go away when it expires. Not all that qualifies for expiration. Student loan debt, for example, never expires. But all qualifying debt has a statute of limitations after which it expires. That statute of limitations is different for each type of debt and each state.
Many people mistakenly believe that filing for bankruptcy is a faster and easier way to get rid of a financial burden. But filing for bankruptcy doesn’t automatically make your debt go away. You will still very likely be responsible for paying a percentage of what you owe, a percentage based on your current financial situation.
There are two main ways that you can get debt removed from your credit score. The first is where you contact the credit reporting agencies to have the account removed or edited. This is something you can do if the debt is inaccurately reported on your credit score, has expired, isn’t yours, or has some other issue. You can also use this method if you have paid off debt that was not sent to collections. On the other hand, if your account was sent to collections, you want to negotiate with Sequium Asset Solutions for a tradeline deletion. This is where Sequium Asset Solutions contacts the credit reporting agencies and has the entire account deleted from your credit score. If you fail to do this, even after paying a settlement on your delinquent accounts, it will remain on your credit score for 7 years.
The Ultimate Guide to Consumer Complaints
Learn More
