Results 1 to 10 of 29

Hybrid View

  1. #1
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Being Sued by a Junk Debt Buyer

    it is very unlikely they will withdraw the suit if they have already filed it. More likely they will agree to a stipulated judgment in an agreed upon amount.

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Being Sued by a Junk Debt Buyer

    Quote Quoting jk
    View Post
    it is very unlikely they will withdraw the suit if they have already filed it. More likely they will agree to a stipulated judgment in an agreed upon amount.
    I don't know.

    Pay 100% of the debt right now plus the creditor's costs and OP might be able to get a dismissal out of them.

  3. #3
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Being Sued by a Junk Debt Buyer

    Quote Quoting adjusterjack
    View Post
    I don't know.

    Pay 100% of the debt right now plus the creditor's costs and OP might be able to get a dismissal out of them.
    Um, I suppose so


    dfwhatever was speaking of a settlement though. If one walks into court with all debts and costs paid, the court should not be entering any sort of judgment.

  4. #4
    Join Date
    Dec 2012
    Posts
    16

    Default Re: Being Sued by a Junk Debt Buyer

    I don't have 100% of the cash to pay the debts balance, I called them today and offered them half, and then pay the rest off within 3 months, they said they would get back to me and let me know if that can bee approved, so if I do that and im still served then why go to court, my credit has been trashed due to medical bills already. and if I don't do anything they get a default judgment and im still going to offer them the same deal.

  5. #5
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Being Sued by a Junk Debt Buyer

    Quote Quoting lt14life
    View Post
    I don't have 100% of the cash to pay the debts balance, I called them today and offered them half, and then pay the rest off within 3 months, they said they would get back to me and let me know if that can bee approved, so if I do that and im still served then why go to court, my credit has been trashed due to medical bills already. and if I don't do anything they get a default judgment and im still going to offer them the same deal.
    but if they get a judgment, there are usually other means available to them to collect on the judgment and the judgement will remain on your credit report longer than anything you currently have on your credit report now.

  6. #6
    Join Date
    Dec 2012
    Posts
    16

    Default Re: Being Sued by a Junk Debt Buyer

    Quote Quoting jk
    View Post
    but if they get a judgment, there are usually other means available to them to collect on the judgment and the judgement will remain on your credit report longer than anything you currently have on your credit report now.
    Very good point, thanks to everyone for the great answers, Also I don't think that this came up, but if I don't appear for the court date is there a warrant issued for my arrest after the default judgment ?? Thanks.

  7. #7
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Being Sued by a Junk Debt Buyer

    Quote Quoting lt14life
    View Post
    Very good point, thanks to everyone for the great answers, Also I don't think that this came up, but if I don't appear for the court date is there a warrant issued for my arrest after the default judgment ?? Thanks.
    no arrest. This is a civil matter so no jail, no arrest, nothing like that.



    now, there are some situations in some states that have gotten people arrested for issues surrounding a civil case such as this. If there is a judgement entered, the creditor may institute a process where interrogatories are sent to the debtor as well as a few other reasons the debtor would be called into court. In refusing to act in those situations, people have been charged with contempt of court and some even went to jail for it. Most states I heard of that were doing that were taking action to change their laws to stop the creditor from using the system like that but I don't know all the states that were acting in such a manner. Yours might be one. So, if you are summoned to court for a debtors exam or are sent interrogatories, I would strongly suggest not ignoring those actions as that might get you tossed into jail for contempt of court if you do ignore them.

    1. Sponsored Links
       

Similar Threads

  1. Collection Lawsuits: Junk Debt Buyer Sued Without Providing Debt Validation
    By whoknow2k4 in forum Debts and Collections
    Replies: 37
    Last Post: 12-24-2012, 09:02 PM
  2. Collection Lawsuits: How Would a Junk Debt Buyer Prove its Acquisition of a Debt
    By StressedInMichigan in forum Debts and Collections
    Replies: 9
    Last Post: 10-16-2012, 07:50 AM
  3. Collection Lawsuits: What Should You Do if Sued by a Junk Debt Buyer
    By SituationalAwareness in forum Debts and Collections
    Replies: 4
    Last Post: 05-03-2011, 09:04 AM
  4. Repossession: Junk-Debt Buyer Bought the Loan
    By Kutan in forum Cars and Dealerships
    Replies: 4
    Last Post: 07-04-2009, 04:23 PM
  5. Repossession: Junk Debt Buyer Sues Over Very Old Debt
    By Thumbelinamom in forum Cars and Dealerships
    Replies: 1
    Last Post: 12-12-2005, 04:02 AM
 
 
Sponsored Links

Legal Help, Information and Resources