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If you have been sued or “served” by a creditor or debt collector for an overdue debt, read the lawsuit carefully and respond by the required deadlines. By taking this step, you can protect yourself and help avoid additional financial difficulties.
If a debt collector files a lawsuit against you to collect a debt, it’s important to respond — either yourself or through an attorney. And remember, you have rights when it comes to dealing with debt collectors. Here are answers to some common questions you might have about the process.
If you haven’t paid a debt, you can be sued by a debt collector. If the debt collector wins the lawsuit and gets a judgment against you, they can take more aggressive collection actions. To avoid this, you’ll need to answer the complaint, prepare a defense, and show up to the hearing prepared.
Getting help from a lawyer generally ensures that you have the best possible chance of successfully defending a debt collection suit. A lawyer can help you identify and raise any defenses to the lawsuit, prepare an answer and file it, and represent you in court, if necessary.
If you’re feeling daunted by debt collectors, it can help to know your rights. The major federal law that protects consumers against debt collector harassment and unfair collection activities is called the Fair Debt Collection Practices Act (FDCPA).
What a Lawsuit From a Debt Collector Means. 1. Challenge the Lawsuit. 2. Provide Documentation. 3. Consider Alternatives. 4. Hire an Attorney. How Debt Collections Affect Your Credit. Building Credit After Collections.
Debt collectors may sue for payment on debts. If you're facing a debt collection lawsuit, gather information on the debt, respond to the lawsuit and work to resolve the lawsuit in a...