Crown Asset Debt Collection Settlement: $158K

This settlement applies to California residents who meet the following criteria:

• You received an initial written communication from McCarthy, Burgess & Wolff Inc. on behalf of Crown Asset Management attempting to collect a charged-off consumer debt originally owed to Synchrony Bank.
  
  
• This initial communication was sent between December 4, 2017, and December 27, 2022.
  
  
• The communication you received was not returned as undeliverable by the post office.

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A class action lawsuit filed against Crown Asset Management, a debt collector, has been settled for $158,095. The lawsuit alleged that Crown Asset violated California debt collection laws, specifically the California Fair Debt Buying Practices Act, when attempting to collect on charged-off debts originally owed to Synchrony Bank.

Plaintiffs claimed that Crown Asset sent collection letters to California residents that did not comply with state regulations. In some cases, these letters were allegedly not even delivered. Crown Asset denies any wrongdoing but has agreed to the settlement to avoid the costs of litigation. The settlement aims to compensate California residents who may have been impacted by these alleged debt collection violations.

The settlement fund will be divided equally among all eligible class members who do not opt out. The exact amount each member receives will depend on the total number of participants. However, each class member is guaranteed to receive at least $35.

There is no claim form required to participate in this settlement. If you meet the eligibility criteria and do not opt out, you will automatically receive a settlement payment.