Jefferson Capital

Jefferson Capital Systems, LLC, is a limited liability company headquartered in Sartell, MN and an affiliate of Jefferson Capital Holdings, LLC, which is in turn owned by private equity firm, J.C. Flowers & Co.

Jefferson Capital has a registered office and agent in Gwinnett County and has been conducting business in the State of Georgia since 10/26/2005.

Jefferson Capital acts as an ownership entity having ostensible authority to initiate collection efforts, including the filing of debt collection lawsuits, on charged-off consumer debt accounts. Pursuant to the terms and conditions negotiated with consumer lenders and creditors, Jefferson Capital purchases rights and interest in the accounts as an "assignee" of the original lender or creditor. Jefferson Capital is one of the many "debt buyers" conducting business in the State of Georgia.

After purchasing rights as an "assignee" of consumer accounts, for prices usually ranging between .01 to .10 on the dollar, debt buyers receive limited account information and documents for use in collection efforts. Account level documentation of all transactions for purchased accounts is generally unavailable to the debt buyer, as "assignee." In debt collection lawsuits, to prove account ownership and legal standing, debt buyers rely on "Bill of Sale" documents attesting to the transfer of "rights, title, and interest" in unspecified accounts identified by a file name, or "portfolio." The portfolios are spreadsheets listing information on consumer accounts, which may number in the thousands.

All transfers described in the "Bill of Sale" documents reference and are subject to the terms of other written agreements that are rarely, if ever, included as exhibits to debt collection lawsuits. The terms and conditions in the debt buyer's purchase agreement, sometimes referred to as a "forward flow" agreement, are carefully guarded and usually contain disclaimers concerning the accuracy of account information provided by the seller, or "assignor."

As strangers to all underlying transactions in the assigned accounts, debt buyers, their employees, and their lawyers have no personal knowledge regarding the truth, accuracy, or completeness of information and documents received from their sellers and assignors. Nevertheless, debt buyers regularly engage in the business of consumer debt collection and their communications with debtors must comply with the Fair Debt Collection Practices Act (FDCPA), at 15 USC 1692, et seq. The requirement for FDCPA compliance extends to communications in legal pleadings that are made as part of an attempt to collect a debt.

Our intake process includes scanning all legal pleadings and other debt collection communications from debt buyers and their lawyers for potential FDCPA and other consumer rights violations. Some FDCPA violations are obvious. Others may only be noticed by attorneys who are not only familiar with the FDCPA and applicable case law enforcing this Act, but have years of experience defending debt collection and knowledge of how the debt collection industry operates.

For debt buyers, the judicial system is used as part of their business model. The law firms hired by debt buyers engage in "high volume" litigation that relies on standardized "fill in the blank" templates created largely without human intervention or meaningful review before filing. As your attorney, our job is to ensure that all available defenses to the collection claim are heard, that the rules of civil procedure and evidence are followed without "cutting corners," and that any claims you may have due to a debt buyer's unlawful collection practices are brought before the court, with demands for just compensation.