If you’re anything like the average American, you carry about $16,000 in credit card debt.
For starters, credit cards aren’t a bad thing. In fact, they’re a useful financial tool. They will help you build your credit and can be super helpful when you’re in a financial emergency.
Unfortunately, credit cards when misused can land you in financial trouble. You could rack up lots of debt and end up getting sued by your cards’ issuers. And if you’re already facing a lawsuit, help is on the way.
Here’s a guide on how to win a credit card lawsuit.
Table of Contents
Don’t Ignore the Lawsuit
Any creditor has a right to sue you if that’s the only way they will get you to pay up what you owe. However, since these lawsuits aren’t very common, many people easily dismiss them. This is a big mistake.
When you’re facing a credit card lawsuit, bear in mind that it’s probably the lender’s measure of last resort. They aren’t bluffing around.
So, once you have been served, this could be via a note in your mailbox, don’t toss the document in the bin. If you do this and fail to respond, the lender could be granted a default judgment against you. This could give the lender the power to pursue drastic recovery measures, such as wage garnishment.
When responding, however, don’t admit liability. You could even ask the court to grant you more time to study the lawsuit and file an appropriate response.
Establish Whether the Plaintiff Has a Legal Right to Sue
Your lender has a legal right to sue you in case of loan default, but they might not be the ones behind the lawsuit. Here’s why.
Before it gets to court, most lenders will explore other options, such as selling your account to a debt collection agency. The agency will take over the debt and try to hound you down, but their efforts aren’t always fruitful. Once the debt is sold, your original lender is basically sorted.
As such, it could be a debt collection agency suing you. In this case, they might not have the legal right to sue, because they didn’t lend you any money or give you any credit card. Here, you can challenge their legal right to sue you and rebuff their efforts.
Get Legal Help
Being served with a lawsuit can throw you off your feet, especially if you aren’t familiar with court cases. It’s easy to panic and surrender to the plaintiff.
Even if you stand your ground and resolve to challenge the suit, without any professional knowledge you can only go so far. This is why you should find great legal help with a debt lawsuit.
A lawyer will study the case, find holes, and make an appropriate response. You can bank on your lawyer to help you win the case.
That’s How to Win a Credit Card Lawsuit
A credit card can be your best friend, it can also be your worst enemy. If you end up in credit card debt, getting out can be a tough task, and your lenders can hunt you with lawsuits. Lucky for you, you now know how to win a credit card lawsuit.
All the best and keep reading our blog for more money tips and hacks.
