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6 Tips to Defend Junk Debt Lawsuits

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First things first…  A junk debt is a debt purchased from the bank by a third party.  The purchasing party often pays pennies on the dollar to purchase this debt.  These collectors can either try to collect from you via traditional payments or sue you for failure to pay the past due debt.  Here’s an article that points out 5 tips you should consider if you find yourself as a defendant against a junk debt buyer.

http://abcnews.go.com/Business/top-tips-defend-junk-debt-lawsuits/story?id=17028867#.UDKraN0iaSo 

These are all great tips, especially the first encouraging you not to ignore the suit.  That’s an easy way for the plaintiff to obtain a judgment against you, which can follow you until it is collected.   So the list stops at 5, so allow us to provide you with one more tip.  If dealing with opposing counsel is not something you want to handle on your own, consult with an attorney that has experience defending against debt collection cases.  Chances are they will have worked with this attorney in the past and likely have a good idea of what constitutes a good settlement.  An experienced attorney also won’t allow the other side to bully you in to some lame settlement that will have you paying the entire amount over time.  Getting sued is scary enough for some.  Appearing in open court petrifies many.  That’s what attorneys get paid to do and you should consider using one if you have been sued.

6 Tips to Defend Junk Debt Lawsuits was last modified: November 1st, 2014 by Kevin Fallon McCarthy
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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
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