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Know About What You Should Do If a Debt Collector Has Sued You...

There has been an influx in litigation brought by debt collectors against people over old debts over the last few years. You can defend yourself without having an expensive lawyer if you are being sued.Do you want to learn more? read here The person being sued gives up in most debt cases and either settles with the debt collector by promising to pay the entire amount in dispute over time or fails to respond altogether. Failure to respond to a complaint is referred to as a “default” and results in a verdict for the whole amount sued. Wages and bank accounts may be seized until a verdict is entered. What is debt? This seems almost like a no-brainer, doesn’t it? But that’s not it. “Debt” means money that someone claims to owe you. Note that, in the usual sense of the term, you might not necessarily owe money. In the first place, you may never have lent it; you may have paid it off or discharged it in bankruptcy; or the debt may not be true for any number of reasons (for example, it could be an invalid finance charge). Because if a corporation sues you for money, it says you owe it, you’re being sued for a debt, and if you don’t protect yourself, you’re going to end up having a decision against you, regardless of whether you’ve actually owed the claimant any money. In general, you could...