If you’ve ever looked at your bank statement and noticed a charge labeled “LPS,” you may be wondering what it means and where it came from. LPS stands for “Legal Processing Services,” and it is a charge that is often associated with legal proceedings or court cases. In this article, we will dive into the details of what the LPS charge on your bank statement means and how it may have ended up there.
Read to know FirstOnline Charge on Your Bank Statement.
What is Legal Processing Services (LPS)?
Legal Processing Services (LPS) is a company that provides legal support services to law firms, corporations, and individuals. They offer a wide range of services, including document preparation, court filing, process serving, and skip tracing. LPS has been in business since 1982 and has offices in multiple states across the United States.
Why is there an LPS charge on my bank statement?
If you see an LPS charge on your bank statement, it is likely because you have used their services or have been involved in a legal case where LPS was involved. Here are some common reasons why you may see an LPS charge on your bank statement:
Legal Document Preparation
One of the main services offered by LPS is legal document preparation. This includes drafting and formatting legal documents such as contracts, agreements, and court forms. If you have hired LPS to prepare legal documents for you, the charge will appear on your bank statement as “LPS.”
Court Filing Fees
In some cases, LPS may also handle court filing for their clients. This means that they will physically file legal documents with the court on behalf of their clients. Court filing fees can vary depending on the type of case and the court’s location. If you have used LPS to file documents with the court, the charge on your bank statement may be for the court filing fees.
Process Serving
Process serving is the act of delivering legal documents to the parties involved in a court case. This can include subpoenas, summons, and complaints. LPS offers process serving services, and if you have been served with legal documents by LPS, the charge on your bank statement may be for their services.
Skip Tracing
Skip tracing is the process of locating individuals who have “skipped” town or are avoiding being served with legal documents. LPS has a team of trained professionals who specialize in skip tracing and can help locate individuals for legal purposes. If you have hired LPS to locate someone for you, the charge on your bank statement may be for their skip-tracing services.
Court-Ordered Payments
In some cases, a court may order a party to pay for certain legal services, such as document preparation or process serving. If you have been ordered by a court to pay for LPS’s services, the charge on your bank statement may be for the court-ordered payment.
How can I verify the LPS charge on my bank statement?
If you are unsure about the LPS charge on your bank statement, the best way to verify it is by contacting your bank. They will be able to provide you with more information about the charge and where it came from. You can also contact LPS directly to inquire about the charge and request a breakdown of the services provided.
It is essential to verify any charges on your bank statement to ensure that they are legitimate and authorized. If you do not recognize the LPS charge and believe it to be fraudulent, you should contact your bank immediately to report it.
How can I avoid LPS charges in the future?
If you want to avoid seeing LPS charges on your bank statement in the future, there are a few things you can do:
Read Contracts Carefully
If you are signing a contract or agreement that involves legal services, make sure to read it carefully and understand what services you are paying for. If you see any mention of LPS, make sure to clarify what services they will be providing and how much they will charge.
Keep Track of Legal Proceedings
If you are involved in a legal case, make sure to keep track of all the services being provided and who is responsible for paying for them. This will help you identify any unauthorized charges and avoid any confusion.
Communicate with LPS
If you have hired LPS for their services, make sure to communicate with them regularly and keep track of the services they are providing. This will help you stay informed about any potential charges and avoid any surprises on your bank statement.
Conclusion
The LPS charge on your bank statement is associated with legal services provided by Legal Processing Services. If you have used their services or have been involved in a legal case where LPS was involved, you may see this charge on your bank statement. It is essential to verify any charges on your bank statement and communicate with LPS to avoid any confusion or unauthorized charges in the future.