Observations on the Most Common MISTAKES Consumers Make When Faced with a Credit Card Debt Lawsuit1. Consumers ignore notices for Court.Never, ever ignore a notice from the court. If you suspect it’s a fake (some FDCPA Violators a.k.a. “junk debt buyers” have been caught sending out fake documents that resemble a summons) please call your [...]
It is true creditors can claim much of the unsettled debt as a loss and still not take a big hurting, but in these times of recession every penny they collect from their debtors is better than none at all. Usually a creditor will charge off an account about 180 days delinquency, this means the [...]
Have you received a summons for breach of contract on an old credit card debt? Or, do you have collectors calling you daily and threatening to bring legal action? For many “junk debt collectors” bringing about lawsuits over old credit card debt (that has likely been charged off, leading you to believe that you are [...]
