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  1. #1

    Default What Should You Do if Sued by a Junk Debt Buyer

    My question involves collection proceedings in the State of: Georgia


    Greetings forum,

    I received a few pieces of marketing mail from local attorneys offering their consultation assistance and stating that I may have recently been sued, but I have have yet to be served.

    This was an unsecured CC from 5+ years ago. I would be willing to pay the amount which the original creditor charged off to return to good credit standings, but the office which purchased this debt is claiming I owe 2.5x what the original credit limit was. Now that they have filed suit, I expect even more fees to be added to their pursued judgement.

    Should I contact the office which holds the debt and attempt to settle the debt with them (I have not spoken with a collector holding this account in 4+ years), or would I be better off retaining an attorney an attempting to fight or reduce the judgement in court?

    Thank you for your time.

  2. #2
    Join Date
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    Default Re: What Should You Do if Sued by a Junk Debt Buyer

    You are free to contact the creditor or its law firm (it may insist that you work through its law firm) and try to negotiate a pay-off. If you offer anything less than 100%, they have the right to say "no".

    If you believe you have defenses to the debt, by all means consult a local lawyer.

  3. #3
    Join Date
    May 2008
    Posts
    111

    Default Re: What Should You Do if Sued by a Junk Debt Buyer

    I have had this same problem. Opened up a cc when I was 16 and stupid. The comp. sold the account and they claimed I owed upwards of $2300, the credit limit? Only $500. I contacted the comp. that then owned my account and told the I would pay no more than 700. They took it!

  4. #4

    Default Re: What Should You Do if Sued by a Junk Debt Buyer

    Quote Quoting Mr. Knowitall
    View Post
    You are free to contact the creditor or its law firm (it may insist that you work through its law firm) and try to negotiate a pay-off. If you offer anything less than 100%, they have the right to say "no".

    If you believe you have defenses to the debt, by all means consult a local lawyer.
    Are such calls viewed as admissions of guilt by the court?

    Since this debt has changed hands ~10 times, I'm wondering exactly how much evidence they have to present at discovery. If the file was tight, I would have expected one of the many previous firms who held it to pursue legal action earlier.

  5. #5
    Join Date
    Jan 2006
    Posts
    38,535

    Default Re: What Should You Do if Sued by a Junk Debt Buyer

    no. a negotiation to settle is not an admission of guilt.

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