Are you one of the millions of Americans being sued for old credit card debt? It's seems to be a trend these days. Credit card companies who have written off old debts are selling the debts to bulk debt buyers for pennies on the dollar. The debt buyers then turn around and sue the American citizens for the full balance left unpaid on the credit card debt plus their court fees. These people are lower than low.
The gall of these credit card companies who got huge bail outs of tax payer's dollars to now sell out tax payers (who helped bail them out). Oh, the gall of bulk debt buyers for buying debt for mere pennies on the dollar only to turn around and sue people for the full balance of an old unpaid credit card that was written off the books years ago.
Don't Panic
Sued for Credit Card Debt?
Don't Go Out & Get Drunk.
It is a very upsetting thing to be served with a summons that you are being sued and you're required to be in court to defend yourself before a judge at a certain date. Stay calm. Don't panic. Don't get depressed. Don't get drunk. Don't immediately start thinking of bankruptcy.
You will get over this and there might be a good chance to win this suit against you. This is especially true if you're being sued by a debt buyer who is not the original owner of the debt.
Bulk Debt Buyers Seldom Have Adequate Evidence to Win Their Case
Don't Let Credit Card Suit
Put You in Depression
If the plaintiff suing you is a debt buyer, the good news is that they seldom have adequate evidence to win their case in court. Very often, they do not have the documents that show your signature on them nor do they have any proof of terms of a credit card agreement. They must also show proof that they own the debt. The burden of proof is on them to prove that they own it, and that you owe them money to clear it. If you challenge them and they don't have the proper evidence, then the judge will rule against them.
Debt buyers know they don't have adequate evidence to prove their case, but they sue citizens anyway because most people don't even bother to answer the lawsuit. They choose not to challenge or fight the debt buyer. If the defendant doesn't show up or answer, then the judge will believe the debt buyer's claims. So they win by default. The debt buyer can then legally wipe out your bank account and garnish your wages.
You Can Win Your Credit Card Law Suit
Fight Your Credit Card Suit and Win!
Don't Let Debt Buyers Win Their Credit Card Law Suit Against You. You can win a credit card law suit if a debt buyer is suing you. It is not hard. There are certain things you must do. The most important thing is that you must answer their claims. They are banking on you not answering the summons in a timely manner. If you ignore the suit and don't answer, then you will be in default and you will lose the case. To find out more information about what to do if hit with a credit card law suit, read my more detailed article. Junk debt buyers tried to get thousands of dollars from me, but I fought back and won! You can probably win your law suit too. Life will go on and things can be even better for you.
