Crown Asset Management LLC

Corporate structure

Who owns Crown Asset Management LLC?

Crown Asset Management LLC is an independent debt buyer with no publicly documented parent company.

Common original creditors whose accounts Crown Asset Management LLC has purchased include: Various banks and credit unions, Synchrony Bank, Capital One, Comenity Bank, Regional credit unions.

Your next steps

What to do if Crown Asset Management LLC is suing you

1. 1
   Find your deadline immediatelyYou have a limited number of days to file your Answer after being served — typically 20 to 35 days depending on your state. Missing this deadline results in a default judgment. Check your state’s guide for the exact deadline.
2. 2
   Demand proof of ownershipCrown Asset Management LLC must prove a valid, unbroken chain of assignment from your original creditor. In your Answer, raise lack of standing and require the plaintiff to produce the bill of sale and account-level documentation.
3. 3
   Check the statute of limitationsDebt buyers sometimes sue on old accounts. If the limitations period in your state has run since your last payment or the charge-off date, you may have a complete defense. Look up the state guide for your jurisdiction.
4. 4
   File your Answer — even if you plan to settleFiling a timely Answer preserves all your defenses and gives you leverage to negotiate a better settlement. Do not ignore the lawsuit expecting it to go away. See your state’s defense guide.

Frequently asked questions

Common questions about Crown Asset Management LLC

• Who is Crown Asset Management LLC?

  Crown Asset Management LLC is a debt buyer based in Duluth, Georgia. It purchases charged-off consumer debt portfolios — primarily credit cards and personal loans — from banks and credit unions, then uses third-party collection attorneys to pursue collection through litigation.

• Why is Crown Asset Management suing me?

  Crown Asset Management purchased your account from a bank or credit union and is attempting to recover the full balance through the court system. Crown typically retains local collection attorneys to file and litigate cases.

• Can I demand proof that Crown Asset Management owns my account?

  Yes. Crown must prove a complete chain of assignment from your original creditor. Raise lack of standing in your Answer and require production of the bill of sale and account-specific documents linking your account to Crown.

• Is the statute of limitations relevant to a Crown Asset Management claim?

  Yes. If the applicable limitations period in your state has run since your last payment or the charge-off date, you may raise it as an affirmative defense. Check your state's limitations period for the specific type of debt involved.

• Has Crown Asset Management faced regulatory enforcement?

  No significant public regulatory enforcement actions against Crown Asset Management LLC are known at this time. Crown is subject to the FDCPA and applicable state consumer protection laws, and you retain all rights those laws provide.

• What should I do if Crown Asset Management is suing me?

  File a timely Answer before your state's deadline. Deny the material allegations, raise your affirmative defenses, and require Crown to produce documentation supporting its claim. A failure to respond results in a default judgment.

State defense guides

Sued by Crown Asset Management LLC? Find your state