Taken To Court For Credit Card Debt – What Should You Expect?
Sued for your credit card balance and you’re not certain what to expect? Generally, it is assumed that court proceeding and visits can be cumbersome and quite challenging. Has it ever occurred to you that this might be the typical “fear of the unknown” mentality? As humans, we tend to grow apprehensive about things we know little of. A common defense mechanism.
And so, to win your credit card debt lawsuit, you first need to know what you’re up against. Here’s what you should expect when you are taken to court for your alleged outstanding debts:
Fighting the Lawsuit Can Deter Your Creditors
Credit card companies sue hundreds of debtors every day. A huge majority of your creditors are operating under the assumption that you won’t respond to their claims, ultimately tilting the results in their favor. It is estimated that over 95% of lawsuits don’t get answered. And so, if you choose to be that very minor 5%, you compel them to provide evidence, invest resources, and time – none of which they have.
The Company Suing You May Not Be Your Credit Card Company
In the credit card debt industry, debts often change hands. Your credit card company may not have the resources to chase defaulters, and so they “sell” the loans to debt collection agencies and junk debt collectors. As a result, you are being approached and sued by other creditors. It is important that you first request proof of relationship from this creditor.
If a creditor cannot provide you with evidence that they have purchased your account from your credit card company, they lack the “standing” and lose the right to sue you. To check the plaintiff party, read the summons thoroughly.
You Can Make Use Of Many Credit Card Lawsuit Defenses
If you think you’re pushed up against the wall with no escape, it’s time to break the wall, don’t you think? It is important to remember that the burden to prove that you owe the debt lies on the shoulders of the plaintiff, not yours. A civil law judge was once reported to have said that over 90% of credit card lawsuit debts don’t provide enough substantial evidence against the defendant. These debts change hands so often that even the original creditors have little record of it. Take a look at some excellent defense strategies that you can put to use.
You Don’t Need An Attorney
While you don’t quite need an attorney for the defense, it is recommended that you equip yourself with the knowledge to make a strong case. Simple facts, like knowing how to respond to a summons, answering complaints and listing your affirmative defenses is enough to keep you one step ahead of your creditors.
Give yourself the best shot. Take a look at this e-book that offers you everything you need to know to fight off – and win – junk debt collection agencies.
And so, to win your credit card debt lawsuit, you first need to know what you’re up against. Here’s what you should expect when you are taken to court for your alleged outstanding debts:
Fighting the Lawsuit Can Deter Your Creditors
Credit card companies sue hundreds of debtors every day. A huge majority of your creditors are operating under the assumption that you won’t respond to their claims, ultimately tilting the results in their favor. It is estimated that over 95% of lawsuits don’t get answered. And so, if you choose to be that very minor 5%, you compel them to provide evidence, invest resources, and time – none of which they have.
The Company Suing You May Not Be Your Credit Card Company
In the credit card debt industry, debts often change hands. Your credit card company may not have the resources to chase defaulters, and so they “sell” the loans to debt collection agencies and junk debt collectors. As a result, you are being approached and sued by other creditors. It is important that you first request proof of relationship from this creditor.
If a creditor cannot provide you with evidence that they have purchased your account from your credit card company, they lack the “standing” and lose the right to sue you. To check the plaintiff party, read the summons thoroughly.
You Can Make Use Of Many Credit Card Lawsuit Defenses
If you think you’re pushed up against the wall with no escape, it’s time to break the wall, don’t you think? It is important to remember that the burden to prove that you owe the debt lies on the shoulders of the plaintiff, not yours. A civil law judge was once reported to have said that over 90% of credit card lawsuit debts don’t provide enough substantial evidence against the defendant. These debts change hands so often that even the original creditors have little record of it. Take a look at some excellent defense strategies that you can put to use.
You Don’t Need An Attorney
While you don’t quite need an attorney for the defense, it is recommended that you equip yourself with the knowledge to make a strong case. Simple facts, like knowing how to respond to a summons, answering complaints and listing your affirmative defenses is enough to keep you one step ahead of your creditors.
Give yourself the best shot. Take a look at this e-book that offers you everything you need to know to fight off – and win – junk debt collection agencies.
Advertise on APSense
This advertising space is available.
Post Your Ad Here
Post Your Ad Here
Comments