Sued for Debt--Why Your Chance to Win Is So Good When Debt Collectors Sue You

What to do if you're sued for debt and why you are likely to win if you do it. For information that will radically change what the debt collection process means to you, go to: http://yourlegallegup.com/pages/endingdebtnightmare. Your reasons to win if a debt collector brings suit against you is that debt collectors rarely have what they need to win and cannot get it without spending money. Most people being sued for debt default, and that means that any money the debt collectors use to chase you could be spent more efficiently on chasing other people. In addition, you have an excellent chance to win outright because finding the records of your debt is not easy, and they often do not exist at all. Thus if you stand up and fight for yourself the debt collector will probably (eventually) give up and drop the suit. Why Your Chances to Win are So Good: http://youtu.be/zT60kiHn8G8.

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• sued for debt
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• credit card debt
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• consumer debt
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• fair debt collection act
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• fdcpa
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• yourlegallegup

[splendidsplinter406]

Hi, very informative series-I have a question: I had an HFC account that had defaulted and charged off. I recently received a letter from HFC dated 1/26 stating my account had been "sold, transferred, and assigned" to S&P Asset LLC and that all payments/correspondence should be directed to them. I then received a letter dated 1/27 from Stellar Recovery(same address/number as S&P) stating that they had been "retained" by HFC to present this claim "on their behalf" Is this creditor deception?

[Fightdebt]

@splendidsplinter406 Well, something is going on, and it sounds like debt collector deception. Have you asked for verification?

[splendidsplinter406]

@Fightdebt I have drafted a validation letter and am well within my 30 days to send it. Should I send it before doing anything else? I spoke with Stellar two days ago (before watching your videos) and a "manager" told me that if I did not make a payment today their attorneys would file suit within a week(which falls within the 30 day validation period). Isn't that statement deceptive in and of itself? Don't they have to allow me to request validation before filing?

[Fightdebt]

@splendidsplinter406 Well, I can't give you legal advice. But the validation period obviously isn't triggered till you send the letter. You sound like you're on your toes, and I think you'll want to be as things develop. Have you run a credit report? The creditor is supposed to show that it transferred the debt (if it did, which certainly sounds likely) on your credit report if it's reporting you as delinquent.

[Fightdebt]

@alexnds1 my allowing the comment doesn't necessarily mean I agree. I believe you would need to look at the relevant agreements and applications. But as a precaution? it certainly makes sense.

[alexnds1]

@jodave0007 If you have a Bank Account with Bank XYZ and you have a credit card with same bank, XYZ, they can automatically pull money from that account to pay themselves, without a judgement or going to court. If your dad was a co-signer, same thing in his case. So if you are not paying a credit card move your bank account to a different bank other than the one that issued the credit card

[Fightdebt]

@jodave0007 Yes, I think moving to vacate the judgment is the first step, and if they served a place you weren't, I'd guess that should be able to do it. But time is critical.

[jodave0007]

i got served with out notice to my old address. The letter was written on 11/29/2010 & had 30 days to reply or I would lose my case by default. I moved out 12/01/2010 and was no there. Just found out 5 days ago. Obviously I lost the case.My dad has an a bank accnt with them & i'm on it too. I'm afraid they my wipe his accnt. what can i do to fight this case or re-open it if i lost by default?

I read about motion to vacate judgment,but not to sure. They case is open in court already.

[Fightdebt]

@vacationboyvideos-Just so you know, I'm not in favor of actually ripping off the banks, even if they are basically hoods. And your question does raise the issue of fraud, so I don't actually know the answer. Beyond that, though, I would worry about burning bridges that you're building up so carefully. A lot of times people looking to con others end up getting conned themselves. So I'm not sure your plan, even if legally effective, is likely to lead to your greatest happiness.