Cach LLC is a debt collection agency that operates in the United States. As a third-party collector, they work on behalf of various creditors to recover outstanding debts from individuals. Cach LLC collects for a wide range of creditors, including credit card companies, banks, healthcare providers, telecommunications companies, and retail stores.
Here are some frequently asked questions about Cach LLC and their collection practices:
1. What types of debts does Cach LLC collect?
Cach LLC collects various types of consumer debts, including credit card bills, medical debts, personal loans, utility bills, and retail debts.
2. How does Cach LLC acquire the debts they collect?
They purchase debts from original creditors, such as banks or credit card companies. These debts are often purchased at a reduced price, allowing Cach LLC to profit from collecting the full amount owed.
3. Can Cach LLC call me at any time?
No, debt collectors are bound by the Fair Debt Collection Practices Act (FDCPA), which restricts the times they can contact debtors. Generally, they can only contact you between 8 a.m. and 9 p.m., unless you agree to be contacted outside of these hours.
4. Can Cach LLC contact me at work?
Under the FDCPA, debt collectors are generally prohibited from contacting debtors at their place of employment if they are aware that the employer does not allow such calls.
5. Can Cach LLC sue me?
Yes, if you fail to repay a debt, Cach LLC or the original creditor may choose to file a lawsuit against you to recover the amount owed. If a judgment is obtained, they may be able to garnish your wages or seize your assets.
6. Can Cach LLC report the debt to credit bureaus?
Yes, if you have an outstanding debt with Cach LLC, they may report it to the major credit bureaus, which can negatively impact your credit score.
7. What should I do if Cach LLC contacts me about a debt?
If you believe the debt is legitimate, it is important to communicate with Cach LLC to resolve the matter. You can request validation of the debt and negotiate a repayment plan if necessary.
8. Can I dispute a debt collected by Cach LLC?
Yes, you have the right to dispute a debt if you believe it is inaccurate or if you are not responsible for it. You can send a written request for validation or dispute to Cach LLC within 30 days of their initial contact.
9. Can I negotiate a settlement with Cach LLC?
Yes, in many cases, debt collectors are open to negotiating a settlement for a lower amount than what is owed. This can be a viable option if you are unable to repay the full debt.
In conclusion, Cach LLC is a debt collection agency that collects various types of debts on behalf of creditors. If you find yourself in contact with Cach LLC, it is important to understand your rights and responsibilities as a debtor and to communicate with them to resolve the debt in the most appropriate manner.