Sued by CACH Info

If you've been sued by CACH, then you probably want to know who they are, and how to respond to the summons. Here you'll find out the answer to both questions, along with links to useful articles and posts relating to CACH, and how to defend yourself against them. But first, I should introduce myself. My name is Ian Chowdhury. I am a California consumer attorney and I've defended consumers against hundreds of collection cases. I hope you find this website helpful.

Who is CACH, LLC?

CACH, LLC is part of an web of companies that is somewhat difficult to unravel. CACH, LLC is it is subsidiary of a large company named Square Two Financial Corporation, according to documents filed with the Securities Exchange Commission, Square Two. In turn, Square Two Financial is owned entirely by CA Holding Inc.. Again, in turn, CA Holding Inc. is majority owned by a company called K.R.G, Capital Management, L.P. (where the "L" and "P" stand for "limited partnership) along with an single individual person named P. Scott Lowrey. It is a sad comment on the state of society, that one of the twin peaks of this behemoth, K.R.G., can boast of $3.6 billion dollars of capital, apparently largely based on its success in sucking the remaining pockets of wealth from the pockets of the middle class like some sort of reverse Robin Hood. It is unknown how large a fortune P.Scott Lowrey has amassed based on his ownership interest.

CACH, LLC is a debt buyer, and serves no useful function in society except to enrich its owners. It did have any part in lending or servicing the original account on which it is now trying to collect, nor did it confer any useful benefit to anyone in exchange for the profit that it is now attempting to make. Midland Funding serves purely as a parasite, draining the already limited wealth of the country's middle class.

This company purchases old defaulted credit card accounts for pennies on the dollar, and then tracks down the people who were unable to make their payments, and sues them for the full face value of the account, and more. As a simplified example, Midland might pay $200 for a $10,000 account, and then attempt to collect on the entire amount, making a windfall of $9,800, without conferring any useful service to anyone (except themselves).

The company makes much of its money by suing consumers and then obtaining judgments by submitting inadmissible evidence to the court, taking advantage of defendants who do not have attorneys, and do not know how to protect themselves in court.

What Should You Do if You've Been Sued By CACH, LLC?

The short answer is that you should either file the appropriate response with the clerk of the court, in the court where CACH sued you, or you should hire an attorney to do it for you (if you possibly can).

Before you go ... I do have something that might be of interest if CACH, LLC sued you in a California court: Check out my free e-book on how to respond to a collection lawsuit.

The posts below, take you to other information relevant to CACH.