The first time I heard about Rausch Sturm calling people was two years ago when I was scrolling through YouTube. The name of the firm appeared so many times on my feed that I was curious to know what it was about.
Soon rough, I realized that it was a law firm working in debt collection that works in a way that is very similar to Jefferson Capital Systems.
You know, how they buy loans from other companies and then ask the clients to pay them back? RS works just like that.
And if you are someone who has been getting calls from the company, you need to read this blog.
Hi. In today’s article, I will be explaining what to do if Rausch Sturm has been calling you and why and how to remove it from your credit report. So, keep on reading this blog till the end, and thank me later…
Rausch Sturm LLP: An Overview of the Debt-Collecting Law Firm
As a law firm in the field of debt collection, Rausch Sturm has been around for a while. “But I have never contacted this firm and have no account in this company.” I know, I know.
The thing is, you do not need to have an account in Rausch Sturm. Let’s say you had a debt under a bank (let’s call that XYZ.) Now, this bank decided to either sell their “junk debts” to RS or use their services for collecting debt.
That is why, instead of getting calls or reminders for XYZ Bank, you have been getting calls from Rausch Sturm.
While on the outside, it might sound like a much more organized form of debt collection, this can potentially lower your credit score. And I will tell you how that works.
Who Does Rausch Sturm Collect For?
As I have already mentioned above, Rausch Sturm LLP is a law firm that helps banks and other money-lending businesses get their money back from the people who owe it originally.
Now, there are several types of companies that RS collects for or helps. For instance, these include:
- Car loan companies (if you took a loan for a car)
- Banks (if you have unpaid loans or credit cards)
- Credit card companies (if you didn’t pay your credit card bill)
- Student loan providers (if you borrowed money for school and didn’t pay it back)
- Phone and internet companies (if you didn’t pay your bills)
- Electric and water companies (if you didn’t pay for utilities)
If someone does not pay their debts, this debt-collecting law firm generally takes things pretty seriously.
For instance, there have been times when the company has taken people to court. At other times, they have even directly deducted the money from the bank accounts.
And guess what? All these have the potential to ruin someone’s credit score. However, how will that affect you? It will be difficult for you to get a loan in the future with a low credit score.
Is Rausch Sturm Legit?
Even though things do not sound that great about Rausch Sturm, it is actually a legitimate company that has been around for almost three decades now. Crazy, right?
Yes, Rausch Sturm LLP is a real company, not a scam. They are a law firm that helps businesses collect money that people owe them.
They used to be called Rausch Sturm Israel Enerson & Hornik LLP (RSIEH) and are based in Brookfield, Wisconsin.
Additionally, they work with banks, credit card companies, and lenders across the country to recover unpaid debts like credit cards, personal loans, and car loans.
Furthermore, Rausch Sturm is allowed to operate in different states. Some states require special licenses, but Texas only asks debt collectors to have a surety bond. Therefore, this is like a promise to follow the rules, and Rausch Sturm has had this bond since 2009.
It is backed by Travelers Casualty and Surety Company of America. Additionally, while Rausch Sturm helps businesses collect money, they do not buy debts themselves. Instead, they take legal action to get money back from creditors.
Why is Rausch Sturm Calling?
Now that you are aware of what Rausch Sturm is and how it works. Let me answer one of the most asked questions: why is Rausch Sturm calling me?
In case you have been getting calls from Rausch Sturm, it is probably because you have a debt that you need to pay.
In other words, if you are getting a call from Rausch Sturm, it is probably because they are reaching out to you to collect an outstanding debt that you owe to a creditor for whom they work.
It can also mean that the company has passed your debt to the firm so that they can collect it from you through legal means.
What Should You Do If Rausch Sturm is Calling You?
In case this firm is calling you, here are some of the things that you can do:
- Verify the Status of your Debt: It is important that you verify the details of your debt as well as the name of the creditor. This is the best way you can confirm the legitimacy of the call.
- Contact the Creditor: If you are sure that the debt is yours, it is best that you contact the creditor once before you process your payment or take any other steps. You can reach out to them and negotiate a potential payment arrangement.
- Get Legal Help: Finally, you must get help. Rausch Sturm is representing your debt collector. Therefore, you need legal help on your side as well. Which is why you need to contact a lawyer in such a case.
Can Rausch Sturm Get You Arrested?
It is probably one of the most asked questions. If you are getting a lot of calls from the company, they are trying to get in touch with you to make a payment of your due loan.
While it is true that you are not going to go to jail because of RS, there is one thing that you should keep in mind.
Additionally, considering they provide legal services and represent lenders and creditors, their debt collection methods can have serious consequences.
For instance, they can levy bank accounts, garnish wages, seize assets, and even file a lawsuit against you if you are unable to repay your loan.
Rausch Sturm: How to Defend Against the Company?
Here are some of the things that you should do if you are planning to take steps and protect yourself against RS:
- Understand the Nature of the Claim: Firstly, review all the documents that are related to the lawsuit. It is important that you clearly understand the claims. This helps you in planning an effective defense strategy.
- Respond Quickly: It is important that you are able to respond to the firm’s calls or claims. You cannot simply sit in the problem and expect it to disappear. If you are called upon, you have to present yourself without failure. Otherwise, you will have a judgment against you by default.
- Consult a Lawyer: If you want to successfully get rid of RS, it is best that you hire or consult an experienced attorney in this niche. They will be able to guide you through the legal process.
- Negotiate Settlement: If you must pay the amount, it is best that you are able to negotiate with Rausch Sturm and come to a middle ground. This will ensure that you are able to avoid any further legal issues.
- Consider Bankruptcy: Finally, even though it is completely optional and totally depends on what your lawyer advises, if you think you do not have the money or cannot afford to pay the loan back, you should think of declaring bankruptcy. This can help you solve your debt issues.
Your Legal Guide: Rights When Dealing With Debt Collection Companies
If you have been constantly getting calls from companies like Rausch Sturm, there is no need for you to worry. You see, you have certain tights that are there to protect you.
For instance, the Fair Debt Collection Practices Act (FDCPA) protects you from unfair treatment. Here’s what you should know:
- No Harassment – Debt collectors can’t call you all day or use rude or threatening language.
- No Lies – They can’t pretend to be someone else, like a police officer, or tell you that you’ll go to jail if you don’t pay.
- Written Proof – If they say you owe money, they must send you a letter explaining the debt within five days of first contacting you.
- You Can Dispute It – If you don’t believe the debt is yours, you can ask them to prove it. They must stop collection until they provide proof.
- Time Limits – Old debts may be too old to collect through lawsuits. If the debt is past the statute of limitations, they can’t sue you.
- You Can Tell Them to Stop – You have the right to ask them to stop contacting you in writing.
In conclusion, they can’t treat you unfairly or scare you into paying. Knowing your rights helps you handle debt collectors without fear!
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