Zwicker and Associates – What You Should Know

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If you’ve received a letter from Zwicker and Associates, there’s a pretty good chance a credit card company is thinking about suing you for an unpaid bill — probably American Express, Discover or Chase.

So, what’s the best way dealing with Zwicker and Associates?

Well, the last thing you want to do is ignore them because the situation will likely escalate and get worse.

But don’t panic. There are solutions.

Here are some recent settlements we've negotiated with Zwicker & Associates for our clients with past due American Express accounts:

Get a Letter from Zwicker and Associates?

Here’s what do …

American Express – If American Express sent your account to Zwicker and Associates it’s highly likely to result in a lawsuit because American Express is one of the most aggressive creditors. I’ve seen accounts barely 60 days delinquent end up with Zwicker’s office for the purpose of litigation.

If you can afford to resolve your past due American Express account with Zwicker before a lawsuit is filed, this is your best option. Of course it depends on the stage of delinquency. You see, Zwicker & Associates is limited on what they can do by how far delinquent your account is. Below you’ll find actual notes on an an account that our office settled with Zwicker & Associates:

Want to talk with us about your American Express with Zwicker and Associates? Contact our office for a free, confidential phone consultation.

If you’re in a position financially to accept a settlement, you’ll probably get the best results hiring a debt settlement professional since they’re familiar with American Express settlement guidelines and they have established relationships with many of the collection agencies and law firms that represent American Express. (Sometimes it’s not what you know but who you know.)

Can you attempt settlement on your own? Absolutely. However, our experience is that most people just aren’t good negotiators.

By retaining a debt settlement professional (like Donaldson Williams) you avoid having to deal with Zwicker and Associates. In addition, your net settlement result is usually better than what you could’ve negotiated yourself — even when you factor in our fee.

If you’d like to talk about your situation and your options, feel free to contact our office.

Discover Financial Services – If your Discover account was turned over to Zwicker and Associates they may or may not sue you. However, once a Discover account ends up with Zwicker, if you want to settle the account, don’t expect to settle for much less than 80% of the balance – at this time. I emphasize “at this time” because as of this writing, we are getting settlements with other collection law firms settling Discover accounts for approximately 50% of the balance. It is my assumption that Zwicker & Associates will start to follow suit.

If you’d like to discuss your situation and options regarding your Discover account which has been placed with Zwicker & Associates, please contact us.

Chase Card Services – If you have a Chase account that was assigned to Zwicker and Associates, there’s a 50/50 chance you will be sued. If you believe you’ll eventually be able to come up with enough money to settle your account (probably around 40%-50% of the balance), but you don’t have these funds immediately, don’t worry – you have some time. Once Zwicker contacts you with a letter, the Fair Debt Collection Practices Act prohibits collection agencies and law firms from taking any legal action until after 30 days from the date of their original letter.

If you receive a summons stating that Zwicker & Associates is suing you on behalf of Chase, you should file an answer to avoid a default judgment. After doing so, you’ll receive a court date in the mail. But, there’s a good chance you’ll never need to appear in court as long as you make the necessary arrangements to pay off your account via debt settlement prior to that assigned court date. Assuming you can negotiate a voluntary settlement, part of the agreement will be to have the lawsuit dismissed.

If you do not have sufficient funds to settle your delinquent Chase account, an alternate solution is to work out a monthly payment plan. Of course, you’ll have to work things out directly with Zwicker & Associates because once your account is assigned to Zwicker & Associates, Chase is out of the picture.

Please feel free to contact our office if you’d like to discuss your delinquent Chase account and your available options.

Have you received a letter from Zwicker & Associates for a creditor not listed above?

If Zwicker & Associates is contacting you for an account not listed above, feel free to contact our office for additional information. You will not receive a high-pressure sales pitch to hire our firm. Instead, we’ll give you honest, straightforward advice and recommendations.

Hopefully you found this information helpful. If you need additional information about the best way to deal with Zwicker & Associates, feel free to contact us.