$20k in credit card debt, trying to do a “debt validation”
Is Coast Processing legit? They claim to use attorneys from Litigation Practice Group.
These kinds of questions are tough to answer because “legit” means something different to just about everyone.
What we have here are two different issues.
The first is if a debt validation approach is appropriate for your situation. Debt validation can be a reasonable path to follow if you do not believe you either ran up the debt and/or never had a relationship with the creditor.
Alternatively, you could attempt to ask the creditor to confirm you owe the debt and hope they can’t produce the documentation requested.
In some cases, the creditor might stop there. In other cases they may elect to move more rapidly towards suing you or selling the debt to a new debt buyer.
If you do determine that a debt validation approach is the most logical one for you given your current situation and future financial goals then we have to look at the company you are thinking of using.
I would recommend that anyone considering using such a company should read the following free guides.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
Actually those links above are just good commonsense guides to evaluate any company you might want to create a business relationship with. Not just a debt relief company.
What their website does not seem to mention is what the success rate of their services is. For example, what percentage have all their debt erased, get sued, eliminate part of their debt, etc.
Coast Processing says they are located at 31878 Del Obispo St #118, San Juan Capistrano, CA. – Source
That actually happens to be the address for a UPS Store that they may be using for a maildrop. – Source
A search of the California registered business portal could not locate a corporation or limited liability company under the name Coast Processing.
The BBB says the operations director of the company is Azin Vahanian. They say the company has been in business since 7-12-2018. – Source
Regarding Litigation Processing Group
To be legally represented by an attorney the lawyer would need to be licensed to practice law in the state you live in. I don’t know what state you reside in.
But before you do anything I’d suggest getting connected with the lawyer in your state that will be handling your case and discuss your specific circumstances with them.
Legally eliminating your debt in bankruptcy takes about 90 days for most people and costs less than $2,000 typically. Litigation Practice Group says they also specialize in bankruptcy so your attorney from your state would be a good person to discuss this with.
According to the State of California, the Litigation Practice Group was formed on 2-22-2019 and the Chief Executive Officer is Daniel March and John Tompson is an additional director. – Source
The company says it is located at 100 Spectrum Center Drive, Suite 900, Irvine, CA 92618.
That happens to also be a possible virtual office space. – Source