Galaxy International Purchasing or GIP is a debt collection agency, which receives a lot of consumer complaints to our law firm for debt harassment. Find out who they are, why they might be calling, and how you can stop them.
Galaxy International Purchasing (GIP) is adebt purchasing company based in Nevada. GIP has received consumer complaints alleging violations of the Fair Debt Collection Practices Act (FDCPA), such as failing to verify debts and attempting to collect debts not owed. If GIP has contacted you about past due collection items , make sure you understand your rights before you respond.
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Is Galaxy International Purchasing a scam?
They’re legit. The BBB established a profile page for Galaxy International Purchasing in 2006. However, the BBB also indicates that GIP was not founded until 2008. GIP has been a BBB-accredited business since 2014. The BBB lists GIP as a holding company that uses the alternate business names, Worldwide Asset Purchasing, LLC (WAP); Galaxy Asset Purchasing II, LLC; and Galaxy Capital Acquisitions, LLC. The BBB lists WAP as a debt relief service. The BBB also hosts a profile page for Galaxy Capital, Inc., (GCI) at the same address in Nevada as GIP. The BBB lists GCI as a collection agency that uses the alternate business name, Galaxy Portfolios, LLC. Buzzfile estimates GIP’s annual revenue at $88,138 and the size of its headquarters staff at 2 employees.
GIP does not maintain a publicly accessible website. According to business records filed with the state of Nevada, GIP is a legal entity registered under the laws of the State of Nevada as a Domestic Limited-Liability Company. Its registered agent is Nevada Corporate Headquarters, Inc.
According to the Corporation Wiki, it “is not uncommon for one company to hold a position in another company,” and “GIP lists five other companies as… officers in their company.” Those companies are Galaxy Capital, Inc.; Galaxy Group Holdings, LLC; and Galaxy Capital Acquisitions. These three companies are all actively licensed. There are also two additional companies with inactive licenses—Galaxy Capital Acquisitions, LLC; and Galaxy Capital Acquisitions.
Who are we? We are Lemberg Law, a Consumer Law Firm
Lemberg Law is a consumer law firm helping victims of collection harassment and abuse. We are ranked A+ by the BBB. We’ve helped more than 15,000 consumers stop harassment and recover money from debt collectors. Harassed? Abused? Misled by a collector? Call our Helpline today! There is no charge unless we win.
How many Complaints are there against Galaxy International Purchasing?
As of May 2019, the BBB has closed a total of 8 complaints against Galaxy Capital Acquisitions, LLC and its subsidiaries and associated companies, with one of those complaints closed in the previous 12 months. All of those complaints alleged problems with billing and collections. Since July 2015, the Consumer Financial Protection Bureau (CFPB) has closed 9 complaints involving GIP. Justia lists at least 3 cases of civil litigation involving GIP.
Galaxy Capital Acquisitions, LLC 4730 S. Fort Apache Rd., Ste. 300 Las Vegas, NV 89147-7947 Telephone:(800) 305-9811
Can Galaxy International Purchasing Sue Me or Garnish My Wages?
It is illegal for a debt collector to make empty threats to sue you or garnish your wages. It is also unlikely GIP would sue you for a debt you may not owe or they cannot validate. However, debt collection agencies are known to have summoned debtors to court and garnish wages after a default judgement. Contacting an attorney BEFORE this could possibly happen would be a smart move. We’ve helped thousands of consumers fight back against unscrupulous debt collection harassers. Find out if we can help you too today!
Unlawful Debt Harassment? Learn the Law & Sue the Collector.
Can you help me file a No Fee Lawsuit against Galaxy International Purchasing?
Absolutely. Here are some Sample Complaints
In December 2016, a complainant filed a class action complaint alleging Galaxy International Purchasing had violated FDCPA provisions against engaging in abusive, deceptive, and unfair practices. In this case, the plaintiff “allegedly incurred a financial obligation to Bank of America” as a result of a consumer purchase. Sometime around February 26, after the plaintiff had defaulted on the alleged debt, Bank of America sold the debt to GIP. Galaxy International Purchasing then referred the debt to a collection agency called Convergent for the purpose of collections. The statement of the amount due in the collection letter sent by Convergent included the following figures: Principal: $1,495.10; Total Balance: $1,495.10. The letter did not provide an itemization or breakdown of “the amount of the debt by principal, interest, fees, and other charges.” However, although the letter did not include a statement informing the plaintiff that the total amount due included interest, costs, and fees, these charges were included in the total amount due, which was also the amount stated as the principal balance. The plaintiff, a New Jersey resident, also alleged that neither GIP nor Convergent “has… held a license under authority of the New Jersey Consumer Finance Licensing Act;…the New Jersey Department of Banking and Insurance; or… the New Jersey Consumer Finance Licensing Act authorizing it to make consumer loans; or to buy, discount or endorse…loans, or to receive interest.” He also alleged that neither GIP nor Convergent were “permitted by law to add interest, late charges, or other charges to the balance of the Bank of America obligation,” nor were they authorized to charge or add interest to or collect the plaintiff’s delinquent account. As a result, the plaintiff leveled four charges against GIP: “using false, deceptive, or misleading representations or means in connection with the collection of a debt; threatening to take any action that cannot legally be taken or that is not intended to be taken; using unfair or unconscionable means to collect or attempt to collect any debt; and making a false representation of the character or amount of the debt.”
Specifically, the plaintiff alleged that “the form, layout, and content of Galaxy International Purchasing and Convergent’s letter would cause the least sophisticated consumer to be confused about his or her rights …as to whether the balance could and/or would increase; …as to whether the balance included an amount for interest; …as to whether the balance included an amount for costs or fees; …and as to whether GIP or Convergent could legally attempt to collect the debt.” In addition, GIP and Convergent had used “false, deceptive, or misleading representation or means in connection with their attempts to collect” a debt by “falsely implying that they had the right or legal authority to collect debts.” GIP and Convergent were also charged with misrepresenting the character, amount, or legal status of the debt by including amounts for interest, costs, and fees illegally and without proper disclosure. The plaintiff also stated that by attempting to collect the debt without appropriate licensing, GIP and Convergent had violated FDCPA prohibitions against “threatening to take any action that cannot legally be taken or that is not intended to be taken,” which also violated the prohibition against “using unfair or unconscionable means to collect or attempt to collect any debt.” The plaintiff demanded class certification and a trial by jury, asking for statutory damages and reasonable attorney’s fees and expenses.
Galaxy International Purchasing Calling You?
Federal laws protect you. The Fair Debt Collections Practices Act (FDCPA) regulates the behavior of collection agencies by prohibiting actions such as the use of abusive or threatening language; harassment; or the use of false or misleading information to collect a debt. The FCRA regulates how collection agencies and creditors report delinquent debts to credit reporting agencies. Additional consumer protection laws include the Telephone Consumer Protection Act (TCPA) and the Consumer Financial Protection Act (CFPA).
But here’s the rub: If you want to enforce your rights, or recover money for violations — you need to sue. These laws provide individuals like you with a means to seek monetary damages in court. For example, the FDCPA allows consumers who have been violated to recover damages of up to $1,000, plus attorney fees and court costs.
Want to Stop Debt Collection Harassment Now?
You may have a case, if…
You are receiving multiple calls per week from third party collection agencies
You are receiving early morning or late night calls from debt collectors
You are receiving calls at work from a debt collection agency
Debt collectors are calling your friends, neighbors, or coworkers
Collectors are threatening you with violence, a lawsuit, or arrest
A debt collector attempts to collect more than you owe
You are being threatened with negative credit reporting
A debt collector attempts to intimidate you
Criminal accusations are being made towards you
Use of obscene language during an attempt to collect
Automated robocalls are being made to your phone in an attempt to collect
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Can You Help Me Delete Galaxy International Purchasing from My Credit Report?
We can absolutely help. Call us today.
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About the Author:
Sergei Lemberg is a lawyer whose practice focuses on consumer law, class actions and personal injury litigation. He has been repeatedly recognized as the “most active consumer attorney” in the country. In 2020, Mr. Lemberg represented Noah Duguid in the United States Supreme Court in the case entitled Duguid v. Facebook. He is the author of Defanging Debt Collectors, a book that teaches consumers how to battle debt collectors and win.
I am being sued by GIP for a lendingclub debt they are threatening to garnish money from my bank