Capital Alliance Financial, LLC is a Michigan-based bad-debt buyer which files suits on credit card accounts and maybe other consumer debt.  You should know that Capital Alliance is closely related to the colleciton law firm of Stenger & Stenger, P.C., a very active regional collection law firm based in Grand Rapids, Michigan.

You should also know that Capital Alliance, often buys debt that has passed through numerous other buyers/collection agencies.  In one case I looked at the account had passed through 5 hands before getting to Capital Alliance.  In the collection industry, the price paid for an account typically goes down through every assignment, This means it is likely that Capital Alliance likely pays a pittance for the account.  Ordinarily that would mean there could be an opportunity to settle for a tiny amount; but when you have a litigation-focused firm like Capital Alliance, things don’t necessarily work that way due to the coercive effect of the lawsuit.

To defend against a company like this you have to actively challenge the intermediate assignments.  Sometimes the amount of the debt makes that difficult or impossible.  If you are sued by Capital Alliance Financial, LLC, in Indiana, please call me at 317-662-4529. If you are sued by Capital Alliance outside of Indiana, talk to a NACA attorney in your area. You can find one at www.naca.net.