Worldwide Asset is a company that buys bad debt in bulk to try to make a profit. They typically buy large blocks of allegedly defaulted credit card accounts for pennies on the dollar for the sole purpose of attempting to collect whatever they can on those accounts from individuals just like you. They used to file dozens of lawsuits daily in hopes of collecting on old debt claims that have been charged off by the original creditor. As of 2020, we haven’t seen many new lawsuit from them, but that could change at any time.
Our approach to defending lawsuits filed by Worldwide Asset is to hold their feet to the fire. It is a fact that debt buyers face an uphill battle when a consumer hires a knowledgeable consumer attorney. Debt Buyers like Worldwide have a difficult time in proving that they actually own the accounts that they are suing on. This is a very important piece of the puzzle. If they cannot prove ownership, then nothing else about the lawsuit matters.
Our firm has a great deal of experience in defending credit card collection cases. With the rise of delinquent debt and the outsourcing of that debt to shady collection agencies, having an attorney to protect your interests has become vital. If you have been sued in any Pennsylvania county, by Worldwide Asset or another collection agency, our firm can help you defend this claim at minimal cost, with a great chance at success. Contact our office here, call me at 412-823-8003 or send an email to Attorney Greg Artim.