Many people who receive a notice of a pending lawsuit for defaulted credit card may have heard that the opposing party can’t win because they are “judgment proof”. This question comes up all of the time – “I’m being sued but I’m judgment proof – do I need to do anything?” The answer [...]
Entries Tagged as 'consumer'
Being Sued but “Judgment Proof” – Do I Need to do Anything?
October 12th, 2009 · 1 Comment · I'm being sued!
Tags: assets·collection agencies·consumer·garnishment·judgment·judgment proof·Junk Debt Buyers·lawsuit·summons·Unrealistic Expectations·writ of garnishment
Lender Discrimination Protection: Know Your Rights as a Consumer
September 8th, 2009 · No Comments · Banking, Mortgages, Student Loans
You remain a consumer with rights even as you apply for a loan of any type. No lender can discriminate against you; your rights are protected. There are existing federal laws that aim to provide you with lender discrimination protection so you do not fall prey to the unscrupulous practices of some lenders. The Equal [...]
Tags: appraisal·consumer·denied·discrimination·ECOA·FHA loans·lender·Loan Application·rights
Cease and Desist Letter w/Collection Agencies – Request only Phone or Letter Contact?
June 17th, 2008 · 21 Comments · Debt Collection
Under the Fair Debt Collection Practices Act (FDCPA), it’s your right to request that a collection agency cease communication with you; a right granted/protected by FDCPA Section 805(c). (It’s called a Cease and Desist Letter or C&D among us credit repair junkies) Basically, it does what it sounds like: forbids a collection agency [...]
Tags: C&D·Cease and Desist Letter·Cease Communication·collection agency·consumer·FDCPA
A Collection Agency Case Against You in a Lawsuit is Pretty Weak
May 6th, 2008 · 14 Comments · Credit Counselor Front Lines, I'm being sued!
It’s what I’ve told my clients about 1000 times…don’t panic when a collection agency sues you. You can EASILY beat it.
From the blog of a Michigan attorney:
I love defending people against debt buyers because the Plaintiffs case is as strong as a house of cards in a hurricane. Debt buyers buy judgments, credit card [...]
Tags: Affadavit of Debt·collection agencies·consumer·Debt Buyer·FDCPA·lawsuit
