I'm sure you're freaking out that someone showed up and handed you a summons. Your mind is spinning with all the options you feel you have at this point (and I know first hand that those options seem crappy) but the very last one on your list is "Fight these *expletives*". I'm sure it is the VERY last thing you think you could ever do and the thought of even being successful feels like a long shot at best. Well YOU'RE WRONG!!!!!! It's not as hard as you might think and the odds of you winning when going to court with a JDB (junk debt buyer) are more in you're favor than theirs 90% of the time. They are unwilling to buy the evidence they need to win and have to get someone to vouch for the docs they want to use anyway. So it's a matter of following the rules and calling their bluff and the odds are well in your favor.
You need to understand How Collection Company often reffed to as a Junk Debt Buyers (JDB) work.
These companies (Midland, etc) buy literally tens of thousands of defaulted credit card accounts from the original banks like Chase, Citi, etc for as little as 2 cents on the dollar. That right there should tell you something. Why would a bank sell a debt that cheaply? Because they did their homework, and they think that the people who own these accounts have nothing to collect. If they did, they'd sue you themselves. They consider you to be deadbeats, busted out losers with no job, etc. They never consider the fact that they let you run up 30 grand in charges when they thought they could get 29% interest, though.
So, the JDB steps in and starts their aggressive collection tactics, hoping that you, the consumer, won't know the law and will panic. Most do. Most never even answer the summons, and get a judgment against them. Some come here, and win. The disadvantage the JDB has is the money / business model. They will not spend endless money defending cases against informed litigants for no gain. They view you as the bottom of the barrel, and hope that some day you may get a job or own something they can attach. If they win, which they do 95% of the time due to the above reason. They even sell the judgments to rat companies like JD Wentworth.
The strategy comes in by making them bleed money. They never expect you to know the law or court procedure. When you do, they fold. It isn't personal on their part, it's just the business model. Once you understand the business model, you can defeat it.
I personally with a help a few friends have fought and won over 25K in credit card debts in the past year or so. I am an average Joe with no legal experience just was willing to put some time vs folding. In most all my cases i we won with out even going to court.
If you need help ask and you shall receive. Do not settle of give up.
You need to understand How Collection Company often reffed to as a Junk Debt Buyers (JDB) work.
These companies (Midland, etc) buy literally tens of thousands of defaulted credit card accounts from the original banks like Chase, Citi, etc for as little as 2 cents on the dollar. That right there should tell you something. Why would a bank sell a debt that cheaply? Because they did their homework, and they think that the people who own these accounts have nothing to collect. If they did, they'd sue you themselves. They consider you to be deadbeats, busted out losers with no job, etc. They never consider the fact that they let you run up 30 grand in charges when they thought they could get 29% interest, though.
So, the JDB steps in and starts their aggressive collection tactics, hoping that you, the consumer, won't know the law and will panic. Most do. Most never even answer the summons, and get a judgment against them. Some come here, and win. The disadvantage the JDB has is the money / business model. They will not spend endless money defending cases against informed litigants for no gain. They view you as the bottom of the barrel, and hope that some day you may get a job or own something they can attach. If they win, which they do 95% of the time due to the above reason. They even sell the judgments to rat companies like JD Wentworth.
The strategy comes in by making them bleed money. They never expect you to know the law or court procedure. When you do, they fold. It isn't personal on their part, it's just the business model. Once you understand the business model, you can defeat it.
I personally with a help a few friends have fought and won over 25K in credit card debts in the past year or so. I am an average Joe with no legal experience just was willing to put some time vs folding. In most all my cases i we won with out even going to court.
If you need help ask and you shall receive. Do not settle of give up.
Debt Collectors: If You Have Been Sued for Not Paying Your Credicards Read This
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