When a collection agency or junk debt buyer files a lawsuit in your county and has you served with a Summons, you are now the defendant in a credit card lawsuit. On the Summons it will list the number of days that you have to answer that lawsuit or the Summons will tell you on […]
Take a look at your summons and your complaint. Your summons contains all the information needed regarding how long you have to answer or the court date you are to appear. The complaint will show you the plaintiff’s name and the defendant’s name. The plaintiff will be the junk debt buyer, collection agency or maybe […]
I get a lot of emails and posts from people who ask me how I won my credit card lawsuits. You all have to keep in mind that I was just like you and had no idea what I was doing and had to figure it all out by myself. The first thing I learned […]
To find out, you would simply Google your state and then search for ‘statute of limitations on debt’. The clock starts running per the date of your last payment. I live in Indiana; my statute of limitations is six years on an open account and written contract. Any last payments I made to any accounts […]
If the statute of limitations has run out, they cannot use the courts to get you to pay the debt. In most states the clock starts from the date of the last payment made to the account. The statute of limitations on the credit card debt chart below is based on years. State Oral Agreements […]
Are you aware that there are five important facts you should know before settling your credit card debt? Consumers with delinquent accounts often have nightmares of receiving debt collection lawsuits. Many debt stricken consumers exhaust their retirement accounts as well as their savings in order to fight a lawsuit. If you’re planning to fight a […]
Small claims courts are also known as “the people’s court” because it is so informal and individuals usually represent themselves. When a debt collector is suing you and you’re going to hash it out in a small claims trial, you want to be well prepared before the court date. It’s a given that you will […]
Take note of a few of these tips for your debt collections case when taking it to small claims court. We’ve gone over some of it before but you can never be too prepared when representing yourself in court. Don’t let those debt collectors get you down. Beat them at their own game and go […]
A cease and desist letter tells a collection agency to never contact you about your debt again. You’ve probably read that this is a powerful tool to get debt collectors off your back. Is it the best thing to do? Little do people know that by sending the collection agency a cease and desist letter, […]
Let’s say you defaulted on a credit card about five or six years ago, even though the date doesn’t really matter. The original creditor charged it off and sold it. Say the limit was $500.00 they probably sold the debt for $10.00 to the agency and now the agency has tacked on late fees, annual […]