Summary – CKS Prime Investments
CKS Prime Investments is a debt-buying company that specializes in purchasing defaulted consumer debts. They often acquire these debts at a fraction of their face value and may pursue legal action to collect the full amount. Consumers facing debt collection from CKS Prime Investments should consult with a legal professional to understand their rights and options.
CKS prime investments
CKS Prime Investments, LLC is a debt buying company that specializes in purchasing charged-off and defaulted consumer debts from original creditors. Based in Wall, New Jersey, it is a wholly-owned subsidiary of Velocity Portfolio Group, Inc.
Business Operations
CKS Prime Investments primarily acquires debts from credit cards, personal loans, and other financial products, often for a fraction of their face value. This allows them to pursue collection actions, including litigation against consumers, as they assume the role of the original creditor. The company is registered as a debt collector in Texas and has a surety bond filed with the Texas Secretary of State, which is a requirement for operating in that state.
Legal Issues and Consumer Rights
Consumers dealing with CKS Investments may face lawsuits for debt collection. Legal experts recommend that individuals who are sued by the company should not ignore the lawsuit, as this can lead to default judgments, which may result in wage garnishments or liens on property. It is advisable for consumers to consult with debt defense attorneys to understand their rights and explore options such as negotiating settlements or filing counterclaims under consumer protection laws.
Navigating the Complex World of Finance with Confidence
In today’s rapidly evolving financial landscape, having a reliable and knowledgeable partner can make all the difference. CKS Financial is here to guide you through the intricacies of personal and business finance, offering a comprehensive range of services tailored to your specific needs.
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Why Choose CKS Financial?
- Personalized: We understand your needs.
- Comprehensive: We offer many services.
- Expert: Our team is experienced.
- Committed: We help you succeed.
CKS Prime Investments: A Debt Collector’s Overview
| Feature | Description |
|---|---|
| Type of Company | Debt Buying Company |
| Specialization | Purchasing defaulted consumer debts (credit cards, personal loans) |
| Business Model | Acquires debts at a fraction of their face value, then attempts to collect the full amount |
| Legal Actions | May pursue legal action, including lawsuits, against consumers to collect debts |
| Consumer Rights | Consumers facing debt collection should consult with a debt defense attorney to understand their rights and options |
| Consumer Feedback | Has received mixed reviews, with some consumers expressing dissatisfaction with their debt collection practices |
| Related Company | CKS Financial (offers financial services like wealth management and retirement planning) |
Our Services:
- Wealth Management: Grow and protect your wealth through personalized investment strategies.
- Retirement Planning: Secure your financial future with a comprehensive retirement plan.
- Tax Preparation and Planning: Optimize your tax situation and minimize your tax liability.
- Estate Planning: Ensure a smooth transition of your assets to future generations.
- Business Financial Services: Receive expert guidance on business financing, accounting, and tax planning.
Experience the CKS Finencial Difference
At CKS Financial, we believe in building trust and delivering results. Our commitment to excellence, integrity, and client satisfaction sets us apart. Let us help you achieve your financial goals and live a more fulfilling life.
Consumer Feedback
The company has received a mixed response from consumers, with a low average rating of 1.5 out of 5 stars on platforms like the Better Business Bureau (BBB), where it has closed numerous complaints in recent years. This feedback highlights the contentious nature of its debt collection practices.
FAQ on CKS Prime Investments
What is CKS Prime Investments?
CKS Investments is a debt buying company that buys defaulted consumer debts.
How does CKS Prime Investments operate?
CKS Investments buys debts at a fraction of their face value. They then try to collect the full amount from consumers.
Can CKS Prime Investments sue me?
Yes, CKS Investments may sue you to collect the debt.
What should I do if CKS Investments sues me?
Consult with a debt defense attorney. They can help you understand your rights and explore options like negotiating a settlement or filing a counterclaim.
What is CKS Financial?
CKS Financial is a separate company that offers financial services like wealth management, retirement planning, tax preparation, and estate planning.
How have consumers rated CKS Prime Investments?
Consumers have rated CKS Prime Investments mixed. Many consumers have complained about their debt collection practices.
