We are living in an unprecedented time where financial companies seek to burden consumers with debt starting from the time they turn 18 years old. As a result of irresponsible lending practices it takes very little to cause a financial crisis for a family or even an individual. We often see illness, loss of a job, and divorce as being the catalyst causing people to have to choose between paying for necessities or paying credit cards.
Many companies will try passive methods to collect past due debt. They often sell delinquent accounts to debt buyers to cut their losses. In our experience, debt buyers may file lawsuits long after the statute of limitations. Sometimes they even falsify records and claim the debt is not too old to file the lawsuit. Still, in many other cases, the debt buyer does not have proof of the real owner of the debt. Even if the law is on your side, you have to know the rules of procedure and the best strategies for defending yourself.
It is very important to file an answer to a lawsuit. If you don't, the company suing you can get a default judgment and will request the court to award their attorney fees and court costs. Armed with a judgment, a debt collector can even garnish your bank account without warning. Don't let this happen.
During your free consultation , we will review the facts and legal theories of the lawsuit, determine if you have any counter claims, and give you a reasonable estimate for the cost to defend you.