Debt Settlement Program Not Working?
70% of Debt Buyer Lawsuits Dismissed When Consumer Files Answer
A report issued by the Consumer Financial Protection Bureau (CFPB) found that a debt buyer dismissed 70% of its lawsuits when the consumer filed a written answer to the lawsuit.
As part of a debt collector examination, Supervision reviewed collection lawsuits initiated by the entity. Examiners found that in 70% of the cases, when the
Credit Card Lawsuits: 3 Things You Must Do Now
If you have been sued by a credit card company or by a debt buyer such as Midland Funding, CACH LLC, LVNV Funding, Portfolio Recovery, Cavalry SPV, Asset Acceptance, Unifund CCR Partners or Encore Capital, you need to take immediate action. Here are three things you must immediately do to win the credit card lawsuit
Contracts? We Don’t Need No Stinking Contracts!
I sued you, you didn’t file an answer,
and you didn’t come to court.
What more do I need to prove?
–Remark made by an attorney for a junk-debt buyer.*
Junk debt is a debt that is sold by creditors at a deep discount with very little or no documentation of the original contract, no
Why Debt Settlement Almost Never Works
Hardly a day that goes by that I do not speak to a new client who says that they hired a debt settlement company to take care of their credit card debts but none of the debts were settled despite making all their payments and now they are being sued and garnished by the credit