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What To Do If You’re Sued By Your Credit Card Company?

What To Do If Sued By Credit Card

Being sued by a credit card company for unpaid debts can be demoralizing and frightening—but it shouldn’t scare you into inaction. By confronting the situation head-on, you can find a solution that works for you. What to do if your credit card company is suing you If you’re currently facing a law suit from your credit card company, you have a few options: You can contact the credit card company yourself and try to settle the debt. Because most credit card companies would rather get paid than spend time and money on legal proceedings, you do stand a chance of...

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JP Morgan Chase Stipulation and Consent Order Could Have Broad Sweeping Effects for Consumers

The pervasive financial instability that persists in this country has taken a different turn as credit card issuers and collection agencies, who buy overdue credit card accounts in bulk, ramp up their aggressive tactics in pursuing litigation against consumers.  Wites Law Firm, a law firm that represents consumers who find themselves in court over lawsuits concerning credit card debt, reports that creditors often use robo-signing and boilerplate affidavits to support their lawsuits against consumers. As litigation over consumer debt mounts, however, some of the tactics in these lawsuits resemble those that marred the mortgage foreclosure cases a few years ago....

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Wites Law Firm Reports on Robo-Signing in Credit Card Collection Lawsuits

The pervasive financial instability that persists in this country has taken a different turn as credit card issuers and collection agencies, who buy overdue credit card accounts in bulk, ramp up their aggressive tactics in pursuing litigation against consumers.  Wites Law Firm, a law firm that represents consumers who find themselves in court over lawsuits concerning credit card debt, reports that creditors often use robo-signing and boilerplate affidavits to support their lawsuits against consumers. As litigation over consumer debt mounts, however, some of the tactics in these lawsuits resemble those that marred the mortgage foreclosure cases a few years ago....

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Having Trouble Refinancing or Modifying Your Mortgage?

THERE ARE GOVERNMENT PROGRAMS THAT CAN HELP Given the current condition of the real estate market, many home owners find themselves with a lot of debt, and some very tough choices.  For those who are struggling to keep up with mortgage payments, both refinancing and loan modification can provide relief, but often such relief may be difficult to secure.  In particular, when the value of one’s home has decreased to less than the amount that is owed on the home, it can be difficult to refinance or obtain a modification.  Fortunately, there are some government programs that can help. The Home...

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RESOLVING CONSUMER DEBTS: Negoiate Discounted Settlements with Your Creditors, or File Bankruptcy?

Credit card debt can easily and insidiously become overwhelming, especially in today’s difficult economy.  Lately, many well-intentioned consumers have seen their debts spiral out of control due to layoffs and depressed real estate values, as well as factors not related to the economy such as unanticipated expenses resulting from the loss of a loved one, the need for medical care, or a disability. The question of how to resolve such debts is a difficult one.  Should you attempt to negotiate with your creditors, and when necessary litigate with them, in an effort to obtain a settlement that you can afford,...

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Consumers Are Protected by the Fair Debt Collection Practices Act

The Unfortunate Reality. Many Americans are facing the sad reality of not being able to pay their bills. The country’s depressed economy has left many without jobs, or with far less income than during the boom times.  Calls from debt collectors often impede the balance of silence and calm in your home, and can add undue pressure to financial and emotional stress. To make matters worse, some debt collectors attempt to collect debts using harassing tactics that may violate Federal and/or state law.   What is the FDCPA? The Fair Debt Collection Practices Act (FDCPA) is a federal law that...

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Banks Want Their Cake and YOUR Cake Too! – Exemptions to the Garnishment of Your Wages.

  It’s 8 p.m. and you arrive at home after a 12-hour day at work.  You’re exhausted, but feel thankful that you found a job that is putting food on the table.  On your way in, you grab the mail and start flipping through the stack, when you see an envelope from the local court between the phone bill and a coupon from Bed Bath t Beyond.  Your heart begins to beat faster, as thoughts of an unpaid debt rush into your head.  Opening the envelope, you realize that ignoring all those legal notices brought you to this moment; the...

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Is Bankruptcy My Only Option?

In today’s difficult economic times, many good, hard working people find themselves unable to pay all of their bills, and still provide for basic necessities, such as food, shelter and medical care.  This often results from unemployment, or the inability to keep up with mortgage payments in our collapsed real estate market. For many people, bankruptcy is an acceptable option to obtain a fresh start, by asking a federal bankruptcy court to wipe out, or eliminate, one’s debts. Bankruptcy is not for everyone. Here are a few reasons why. First, you have to qualify for filing under the bankruptcy code.  Second, you...

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THE FAIR CREDIT BILLING ACT:

A CONSUMER’S RIGHT, A CREDITOR’S OBLIGATION; Are you leaving money on the table? Many consumers are aware that they have the right to dispute a charge or an incorrect credit card bill, but few consumers take advantage of these rights or know how to do so.  Often when a creditor files a lawsuit to collect on an unpaid credit card, they will use discovery requests to confirm whether the consumer ever made a dispute to any of the charges on the account.  Creditors will often assert the absence of a dispute as proof of a consumer’s agreement with the charges. While...

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