We have heard a report of consumers being garnished on old judgments obtained by Centurion Capital Corp. Here’s the problem: Centurion Capital Corp. has been dead since 2008. This truly is “zombie debt.”
Centurion was a big player in the bottom-feeder debt market in the 2006-2007 period. The company caught some heat for its practices, and it dissolved in 2008. Even though Centurion has not existed since 2008, it appears that some people are still being garnished (supposedly by) Centurion. We’d like to know where this money is going.
Some other companies have been associated with Centurion Capital Corp. Here are some:
Aries Data Collection
Great Seneca Financial Corporation
Colonial Credit Corporation
Monarch Capital Corporation
Platinum Financial Service Corporation
Palisades Collection, LLC
Palisades Acquisitions XVI
Very important: even if there is a legitimate judgment against you, a defunct company doesn’t necessarily have the right to continue to collect on it. When I was doing research on this, I ran into this video on Youtube. It shows the weakness of the claim of a typical debt buyer. This video is based on a case involving Centurion Capital Corp.