Second Round, LP is an Austin, Texas company described in industry news as a purchaser, collector and reseller of charged-off consumer debt. If it contacts you, it likely claims to have bought an old account from the original creditor or an earlier buyer.
- Type
- Debt buyer
- Also known as
- Second Round Limited Partnership
- Headquarters
- Austin, TX
- Collects
- charged-off consumer debt
28 debt collection complaints were sent to the Consumer Financial Protection Bureau about Second Round Limited Partnership, Austin, TX Branch from November 13, 2023 to November 12, 2026. A complaint is a consumer's account, not a finding that the company broke the law. Read the complaints in the CFPB database.
Who Is Second Round, LP?
Second Round, LP is a debt buyer based in Austin, Texas. A September 2010 report in the collections trade publication insideARM described it as an Austin-based "purchaser, collector and reseller of charged-off consumer debt" that launched in 2008. The CFPB's complaint database lists it as Second Round Limited Partnership, Austin, TX Branch.
We could not confirm an official company website, so we have not listed a phone number. Use the contact details on a letter only after you confirm them independently. We did not find a CFPB enforcement action against Second Round in the CFPB's public enforcement list.
Why Second Round May Be Contacting You
A debt buyer purchases accounts that the original lender or service provider has written off, usually as part of a large portfolio, and then tries to collect the balance itself, through a collection agency, or through a law firm. If Second Round contacts you, it is likely saying that it now owns an old account of yours. The original creditor may be a company you have not dealt with in years.
The 2010 report also called Second Round a reseller, so an account it buys may later be sold to another company. Keep every letter, because a later owner must be able to trace the chain of ownership.
How to Check a Debt Second Round Says You Owe
With purchased debt, the key questions are ownership and age.
- Demand the paper trail. The validation notice must name the creditor at the itemization date, give the account number, and itemize interest, fees, payments and credits since then (15 U.S.C. § 1692g; 12 C.F.R. § 1006.34). In a written dispute, ask for the bill of sale and the account-level record that ties your account to the portfolio Second Round bought.
- Compare the numbers. Check the charge-off balance against your last statement from the original creditor. Interest or fees added after charge-off need a contractual or legal basis.
- Find the date of default. Texas generally gives four years to sue on a debt (Tex. Civ. Prac. & Rem. Code § 16.004). A debt buyer may not sue or start arbitration on a consumer debt after that period has run (Tex. Fin. Code § 392.307), and in Texas a payment does not revive time-barred debt held by a buyer. Other states have their own periods and rules, so check before paying anything on an old account.
- Check your credit reports. Under the Fair Credit Reporting Act, a collection account generally cannot be reported more than seven years after the original delinquency (plus 180 days), even if it is sold (15 U.S.C. § 1681c(a)(4), (c)).
Our update on Texas's ban on suits over time-barred debt explains more.
What Second Round Can and Can't Do
A debt buyer is not a debt collector under the FDCPA's "regularly collects debts owed to another" test merely because it collects debts it owns (Henson v. Santander Consumer USA Inc., 582 U.S. 79 (2017)). But a buyer whose principal purpose is collecting debts is covered by the first part of 15 U.S.C. § 1692a(6), and Texas law separately regulates debt buyers. In practice:
- It may not sue, or threaten to sue, on time-barred consumer debt in Texas (Tex. Fin. Code § 392.307).
- It may not misstate the amount, character or legal status of a debt (15 U.S.C. § 1692e(2)).
- Anyone collecting for it, such as an agency or law firm, is a debt collector bound by the FDCPA.
- Regulation F limits calls to seven in seven days per debt for covered collectors (12 C.F.R. § 1006.14(b)(2)).
See our FDCPA attorneys page for more.
We Sue Debt Collectors That Break the FDCPA
Texas Debt Law files Fair Debt Collection Practices Act lawsuits against debt collectors in federal court for consumers in Texas, California, Illinois, Georgia and Colorado. If Second Round, LP or anyone collecting for it harassed you, misstated what you owe, threatened action it could not take, or told others about your debt, you may have a claim. A court can order a collector that violated the FDCPA to pay your actual damages, up to $1,000 in additional statutory damages, and your attorney's fees and costs (15 U.S.C. § 1692k(a)). An FDCPA claim generally must be filed within one year of the violation (§ 1692k(d)), so keep your letters, call logs, voicemails and screenshots, and talk to us early. Texas residents may also have claims under the Texas Debt Collection Act. Learn more from our FDCPA attorneys.
Free FDCPA Case Review(214) 851-2250
Or start your free case evaluation online. No lawyer can promise a result; every claim depends on its facts and proof.
Sources
- insideARM: Second Round LP secures capital (Sept. 15, 2010)
- CFPB enforcement actions list
- CFPB Consumer Complaint Database: Second Round Limited Partnership, Austin, TX Branch, debt collection
This profile is general information compiled from public sources, not legal advice, and it does not state or imply that Second Round, LP has violated any law. Company details change; tell us if something here is out of date.