Picking the State You Live in Based on Debt Collection Protection

“Hello Michael, I would love to get some info on being sued in a state where you don’t live. I am close to the point where I stop paying my credit cards and wait out the 5-6 month to try to get a settlement. The total credit debt is 100K (some business cards some personal). … Read more

How To Reduce Debt Buyer Collection Lawsuits

Last week the CFPB and the FTC held a workshop to address what happens to unpaid debts at different stages of the debt collection cycle. The workshop brought together state and federal regulators, economists, major banks, debt collection agencies, debt buyers, consumer advocate attorneys, technology companies, members of the judiciary, credit reporting agencies, and more. … Read more

Chase Bank Let Me Open a Credit Card. I Have Not Paid in 4 Years. Now I’m Getting Sued. – Lawrence

“Dear Steve, About 3 or 4 yrs ago Chase Bank, let me open a credit card with a line of credit for $1,300.00. We’ll at that time I had a decent job and figured I could afford to use it. Shortly after I lost my job and was not able to make payements. Now 4 … Read more

How to Defend Yourself If You Are Sued by a Debt Buyer

I’d love to take credit for the tips that are made here but Peter Holland of the University of Maryland Francis King Carey School of Law is the one that deserves the credit for writing a fantastic paper outlining the process. Holland provides amazing advice here and I wish we’d see more such academic papers … Read more

What To Do If You Get Sued By a Creditor – Part 1

PART I: WHERE DO I START? Every collection lawyer and nearly every court views all collection lawsuits the same: a mindless task they don’t really want to do. They were trained for bigger and better things. More “important” things. However, it is the exact opposite for the consumer defendant. It is extremely important given that … Read more

Can I be sued after paying a debt settlement amount? – Luis

This actually happened to a friend of a friend, but I need to know the answer as I intend to settle accountes in the future. What happened was that person A had an old debt of $10,000 with a collection agency. Person A agreed with the collection agency to pay $4,000.00 to pay off the … Read more

Credit Card Debt Lawsuit – Consequences of Settlement Done Wrong

The following guest post was contributed by Alex Vieco of New Era Debt Solutions. Alex is an experienced debt settlement company executive and his company is a member of the AACC that works hard to create fair and balanced debt settlement solutions for consumers with debt issues. If you would like to contribute a guest … Read more

My Apartment Complex is Suing Me for Money I Do Not Owe. What Should I Do? – Michael

I have an amount turned over to collections from my apartment complex that I do not owe. I have been told this can be resolbed in small claims court and need to wait for them to file. If the amount is already turned over to collections does that mean they have already filed or does … Read more

My Debt Relief Company Did Nothing But Get Me Sued and Lower My Credit Score. – John

“Dear Michael, had 730 credit score 1 year ago now about 550 now being sued considering chapter 7 as only option 1. How do I know whether or not my settlement company fulfilled their contractual obligations to me or not? – They said they offered settlements to my cc companies that were refused. Based upon … Read more

Capital One Sued Me and Won. Now I Want to Setup Payments But They Want Me to Pay More Than I Can Afford. – Bill

“Dear Jeremy, I received a Money Judgement from the district Justice Court to the Common Pleas Court for 7,071.00. from being sued by Capital One. I tried to set up payments that I could afford, however they said it was not enough. I am recently unemployed and want to know how best to handle this … Read more

I’m in a Debt Settlement Program But Just Received a Civil Summons. – Isadore

“Dear Jeremy, I am in a debt settlement program. With my budget i am only able to afford $500.00 a month. Over 35,000.00 in debt.They have spoken to all my creditors and have settled with some of them. The rest of them turned me into collection agency’s. I just received a civil summons from 1 … Read more

Considering Debt Settlement? Get Informed About Being Sued and How to Deal With It.

The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. There are limited options available to people struggling to keep payments current with their unsecured debt. The options you can look to are generally limited to Credit Counseling Associations (CCA) who … Read more