When facing your collector in court you need to have as much knowledge as possible. Many debt collection lawsuits are won because of the lack of knowledge on the part of the consumer. Let me share with you a few things you must know before trying to deal with a debt collection lawsuit.
Debt collection lawsuits are often won or lost based off of the amount of knowledge the consumer has of the litigation process. The litigation process for any court case can appear quite complex. Because of this complexity many have made careless mistakes which lead to losing the case. To ensure that this does not happen to you, you need to brush up on the credit card debt litigation process.
Original creditors are usually the ones who will initiate debt collection lawsuits, as opposed to third party debt collectors. This is because third party debt collectors never have much of a case against you, unless you start making payments to them on your alleged debt. This is why most debt consulting agencies will strongly advise against making even the smallest of payments to a debt collector.
The attorneys that are employed by banks and creditors are not stupid at all. They know which types of arguments will work and they know what arguments to avoid. The trick to successfully represent yourself through a debt collection lawsuit is to know which arguments to make against your creditor. The opposing attorney will try to steer you away from these arguments so beware.
So how should you take control of the argument in a debt collection lawsuit? The places where your creditor will be the most vulnerable will be the fact that your creditor never had money in their possession, which they then loaned to you on your credit card. This argument is effective because creditors often try to hold you to the same standards as a conventional loan even when credit card debt is quite different. You should also require that the creditor produce your signed and dated original contract so that it is clear what terms you specifically agreed to.
These few things are just a start to what you need to know to win against a debt collection lawsuit. All the information you could possibly need is available at www.creditcarddebtlitigation.com. Be sure to visit this site to find everything you need to set yourself up for a favorable court ruling!
Debt collection lawsuits are often won or lost based off of the amount of knowledge the consumer has of the litigation process. The litigation process for any court case can appear quite complex. Because of this complexity many have made careless mistakes which lead to losing the case. To ensure that this does not happen to you, you need to brush up on the credit card debt litigation process.
Original creditors are usually the ones who will initiate debt collection lawsuits, as opposed to third party debt collectors. This is because third party debt collectors never have much of a case against you, unless you start making payments to them on your alleged debt. This is why most debt consulting agencies will strongly advise against making even the smallest of payments to a debt collector.
The attorneys that are employed by banks and creditors are not stupid at all. They know which types of arguments will work and they know what arguments to avoid. The trick to successfully represent yourself through a debt collection lawsuit is to know which arguments to make against your creditor. The opposing attorney will try to steer you away from these arguments so beware.
So how should you take control of the argument in a debt collection lawsuit? The places where your creditor will be the most vulnerable will be the fact that your creditor never had money in their possession, which they then loaned to you on your credit card. This argument is effective because creditors often try to hold you to the same standards as a conventional loan even when credit card debt is quite different. You should also require that the creditor produce your signed and dated original contract so that it is clear what terms you specifically agreed to.
These few things are just a start to what you need to know to win against a debt collection lawsuit. All the information you could possibly need is available at www.creditcarddebtlitigation.com. Be sure to visit this site to find everything you need to set yourself up for a favorable court ruling!
About the Author:
Learn more about debt collection. Stop by Allan Henry's site where you can find out all about debt collection lawsuit and what it can do for you.
No comments:
Post a Comment