You are most likely wondering how you could stop the numerous calls and emails from Glass Mountain Capital (GMC). First, you should know that you aren’t alone, and many people are experiencing the same. However, just because it is popular doesn’t mean it is right.
So, as the agency calls you endlessly, who does Glass Mountain Capital collect for?
1. About Glass Mountain Capital
Glass Mountain Capital is a debt collection agency based in the United States. Despite being a small-sized firm, it operates in up to 50 states. Its headquarters are in Schaumburg, Illinois, where it has been operating since 2000.
People are usually unaware of GMC until it sends them a notice regarding a debt. There is also the fact that it also starts appearing on one’s credit report as a collections account. That’s because the agency is never the original lender. On the contrary, it buys debts from those creditors and attempts to recover them themselves.
2. Clients Glass Mountain Capital Collect For
Deb collectors usually uphold privacy and confidentiality, and Glass Mountain Capital also follows suit. So, getting a list of its clients is hard, if not impossible. This list is also bound to change for obvious reasons constantly. However, there is a pattern regarding the clients it buys debts from. The clientele comes from various industries, including the following;
- Automotive lenders
- Consumer retail lenders
- Credit unions
- Education lenders
- Fintech companies
- Government agencies
- Healthcare and medical service providers
- Utility service providers
This debt collection agency also purchases debts from other debt buyers, short-term lending companies, and commercial accounts.
3. Various Ways of Dealing with Glass Mountain Capital
Once Glass Mountain Capital reaches out to you, the following steps can make a huge difference.
3.1 Validating the Alleged Debt
Before worrying about that unpaid debt, ensure that it even exists in the first place. It is advisable to validate it once Glass Mountain Capital sends you a notice. After all, you have up to 30 days to validate it. Do so by sending a debt validation letter to GMC.
The law obligates the debt collection agency to validate your debt upon request. It should be as detailed as possible, containing every important information regarding this debt. If you are dissatisfied with the validation, you have a right to notify Glass Mountain Capital regarding the inadequacy. Besides, as long as it can’t validate it, it has no right to collect it from you.
3.2 Confirming the Validity of the Statute of Limitations
Thanks to certain state laws, you may acquire protection against litigation after a specific period lapses. After all, these laws state the time a creditor has to collect the unpaid debt and sue you. It is a complex issue since these state laws aren’t usually simple.
Besides, the period the debt collector has to sue you may be relatively long under special circumstances. Equally important, GMC may still sue you despite the SOL expiring if it is the original creditor’s agent. On the other hand, the lawsuit isn’t legal if you are dealing with a third-party debt and the SOL expires.
3.3 Responding to any Lawsuit
Regardless of how wrong you think Glass Mountain Capital is for demanding a debt from you, never fail to respond to any law. After all, the most probable outcome under these circumstances will be a default judgment. Glass Mountain Capital has the right to garnish your wages and seize property. You can avoid such outcomes by responding to the lawsuit on time.
4. Can Glass Mountain Capital Sue You or Garnish Your Wages?
Glass Mountain Capital, like most debt collectors, has a right to sue you if it fits. It won’t be the first time it has happened. That’s why you should be careful when dealing with a debt collection agency, especially if the debt is legitimate.
Nevertheless, that doesn’t give Glass Mountain Capital the right to threaten you about suing you for the unsettled debt. The same applies to threats to garnish your wages or bank accounts.
Equally important, Glass Mountain Capital can’t risk suing you for a debt you don’t owe. The same applies to a case the agency can’t validate since it could backfire on GMC. So, there is a high chance it has a strong case against you if it chooses to sue you. However, that doesn’t occur often since GMC prefers settling debts and payment plans outside the court.
If Glass Mountain Capital sues you, the court judgment determines whether it will garnish your wages. That’s usually the case if the court rules a default judgment. It is also worth noting that some state laws are against garnishing wages.
5. What Are Your Rights When Dealing with Glass Mountain Capital?
Thanks to the Fair Debt Collection Practices Act (FDCPA), you shouldn’t be harassed by any debt collection agency, including Glass Mountain Capital. That’s why the debt collection agency can’t take any of the following actions.
- Threatening to arrest you
- Contacting you at work
- Using threatening or abusive language
- Calling earlier than 8 am or later than 9 pm
- Contacting a third party, such as a friend, family member or colleague
- Demanding more money than what you owed your initial creditor
- Annoying or harassing you via the telephone
You can sue Glass Mountain Capital if the debt collection agency violates the above laws. It is often enough to cancel the debt. Sometimes, you get compensation for the damages besides the debt cancellation.
The next time Glass Mountain Capital attempts to get a debt from you, you will understand why that’s happening. Equally important, you will know how to respond. Remember that your response often determines what happens next.
For instance, GMC could garnish your wages if you don’t respond to a lawsuit. On the other hand, suing it for harassment could eliminate the unpaid debt. Whereas paying the debt is advisable, only do so after validating the debt. Ensure that every detail, including the amount, is correct. Lastly, let no debt collection agency, including Glass Mountain Capital, harass you.