Losing a credit card lawsuit can have significant adverse effects on a person’s financial situation. The impact of a lost credit card lawsuit can be long-lasting and may result in various consequences. Below are some of the adverse effects of losing a credit card lawsuit: Debt Collection Efforts: Once a person loses a credit card […]
In the world of credit card lawsuits, the legal process can be confusing and intimidating, especially for those who are not familiar with the intricacies of the justice system. One crucial aspect of this process is the “certificate of service.” In this article, we will explore what a certificate of service is, its role in […]
Co-signing for a loan can be a good way to help someone secure financing when they might not be able to do so on their own. However, it’s important to understand that co-signing for a loan can affect your credit score in both positive and negative ways. In this article, we’ll explore how co-signing for […]
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, […]
The invalid witness affirmative defense primarily applies to cases involving 3rd party card debt lawsuits. Occasionally, an attorney for collection agency or junk debt buyer will use himself/herself to answer interrogatories, or act is if he or she has personal knowledge of the account in question. In order for this to be true, the attorney […]
This year came with many big surprises. But one that really shook up the banking sector and the credit card industry was one where one of the biggest giant financial corporations in the world was sued for the use of discredited methods for credit card debt collection from its customers. On July 8, 2015 according […]
Our site’s primary focus is to assist people with winning their lawsuits against junk debt buyers and aggressive credit card companies. What if you already lost? We have been asked what types of income are protected from credit card debt judgments. These are general exemptions that apply to many states. Every case is different. We […]
Below is the full text of the Fair Debt Collection Practices Act as stated on Federal Trade Commission website. As amended by Public Law 104-208, 110 Stat. 3009 (Sept. 30, 1996) To amend the Consumer Credit Protection Act to prohibit abusive practices by debt collectors. Be it enacted by the Senate and House of Representatives […]
Last week, the New York City Council passed legislation that would require debt purchasers to register and operate under the same rules as collection agencies, regardless of whether they actually engaged in debt collection activity. In a session last Wednesday that also saw the Council create a “bed bugs task force” to keep the city’s […]
Have you been served by a junk debt buyer or collection agency? It’s unwise for you to settle with them or simply ignore the summons so they come after you legally with a judgment, not to mention destroy your credit for the next 10 years! You need to answer the summons before they get a […]