Although debt collectors often lack the documentation necessary to win cases against debtors in court, they know that a high percentage of the people they sue will fail to show up. And when a debtor fails to show up in court, the debt collector automatically wins. The court then enters a default judgment in favor…
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The Truth About Debt Validation Requests
Have you received a letter or phone call from a creditor or collection agency demanding payment on a debt? If so, you may have heard about the option to request debt validation as a way to dispute the debt and get information from the debt collector. While it’s true that you have the right to…
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Options Small Businesses Have When Dealing with a Debt Collection Agency
When you own a small business, it’s easy to accumulate debt. Sometimes, sales drop off for no apparent reason. Other times, rent and inventory prices rise without warning. Although taking on a certain amount of debt comes with the territory when you own a small business, too much of it can quickly become a big…
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Can Portfolio Recovery Associates Call Me at Work?
Debt collectors will go to great lengths to collect a debt. Unfortunately, in their hunt for profits, debt collectors sometimes break the law. The Fair Debt Collection Practices Act (FDCPA) is a federal law that outlines what debt collectors may and may not do when pursuing a debt. One area that the FDCPA covers is…
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Is It Possible to Settle Your Small Business Debt?
Starting a small business almost always entails taking on some debt. Unfortunately, however, businesses don’t last forever, and some businesses close before they’ve had a chance to pay their debts. When this happens, it often leaves small business owners wondering what they can do about their outstanding debt. In this article, we examine whether it…
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What Should You Do if Midland Funding Contacts You?
Being contacted by a debt collector is not most people’s idea of a good time. And although it may be tempting to ignore debt collection phone calls or letters, this isn’t a good strategy. In fact, ignoring communications from a debt collector is one of the worst things you can do. Midland Funding, which is…
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Can Cavalry SPV Take Me to Court?
Cavalry SPV, which is also known as Cavalry Portfolio Services, is a debt collection organization that buys debts in bulk from loan and credit card companies for pennies on the dollar. Cavalry then makes efforts to collect the debts. A major part of Cavalry’s debt collection strategy is to file lawsuits against consumers. In this…
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How do I Respond to a Portfolio Recovery Associates Lawsuit?
If you are served with a lawsuit by Portfolio Recovery Associates, LLC, you are not alone. Suing consumers is part of Portfolio Recovery Associates’ business model. However, this doesn’t mean that you can simply ignore the lawsuit. If you fail to respond to a lawsuit by Portfolio Recovery Associates, the court will enter a default…
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What Happens After a Default Judgment in California?
When a debtor in California fails to respond to a debt collection lawsuit, he or she faces the prospect of a default judgment. Essentially, a default judgment means that the debtor loses the case, and he or she must pay the debt owed to the debt collector. This applies even if the debtor doesn’t actually…
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Fighting Back Against a Debt Collection Lawsuit
If you’ve been served with a debt collection lawsuit, you are undoubtedly experiencing a wide array of emotions. Anger, confusion, fear, and anxiety are common reactions to finding out that you’re being sued by a powerful debt collection company. Fortunately, if you are the recipient of a debt collection lawsuit, you don’t have to face…
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