If you are in the proceedings of a debt collection lawsuit, you need to understand that knowledge really is power. It can seem overwhelming to try to learn everything about the credit card debt litigation process. Because of this I want to share with you a few things that it is important to know when facing your collector in court.
The majority of debt collection lawsuits are won each year because of silly technical mistakes made on the part of the consumer. The attorneys that work for banks and creditors are well aware of this and try to exploit the lack of knowledge to their advantage. Opposing attorneys will often do this through asking more questions that are necessary to try to get the consumer to hurt their own defense. Beware of this if you are representing yourself in court!
One clue as to what to focus on in a debt collection lawsuit is who exactly is suing you. Original creditors initiate the majority of debt collection lawsuits. Third party debt collectors tend to stay away from lawsuits because they have far less evidence that the consumer owes them money.
You may think that if the attorneys who the banks and creditors employ are so smart, why do they focus on what the consumer does not know? Well to answer that question you need to understand that the opposing attorneys are quite smart. They know which arguments will hurt their case and they know that by focusing on tripping up the consumer, they will almost always win. Now that you know this you are a step closer to being able to successfully get through a debt collection lawsuit.
What things are the opposing attorneys trying to cover up? This is probably the most important knowledge that you could gain when going through a debt collection lawsuit. The two things you want to argue about are that your bank did not loan you any of their actual money to use with your credit card and that you need to see the signed and dated original contract you filled out when you started your credit card agreement. Arguing along these two topics will do you a great deal of good as a consumer.
The things you have learned in this article are only a small portion of what you will need to come out with a favorable ruling in a debt collection lawsuit. A wealth of information can be found almost immediately at www.creditcarddebtlitigation.com. This site is the go to resource for anyone who is representing themselves in a debt collection lawsuit.
The majority of debt collection lawsuits are won each year because of silly technical mistakes made on the part of the consumer. The attorneys that work for banks and creditors are well aware of this and try to exploit the lack of knowledge to their advantage. Opposing attorneys will often do this through asking more questions that are necessary to try to get the consumer to hurt their own defense. Beware of this if you are representing yourself in court!
One clue as to what to focus on in a debt collection lawsuit is who exactly is suing you. Original creditors initiate the majority of debt collection lawsuits. Third party debt collectors tend to stay away from lawsuits because they have far less evidence that the consumer owes them money.
You may think that if the attorneys who the banks and creditors employ are so smart, why do they focus on what the consumer does not know? Well to answer that question you need to understand that the opposing attorneys are quite smart. They know which arguments will hurt their case and they know that by focusing on tripping up the consumer, they will almost always win. Now that you know this you are a step closer to being able to successfully get through a debt collection lawsuit.
What things are the opposing attorneys trying to cover up? This is probably the most important knowledge that you could gain when going through a debt collection lawsuit. The two things you want to argue about are that your bank did not loan you any of their actual money to use with your credit card and that you need to see the signed and dated original contract you filled out when you started your credit card agreement. Arguing along these two topics will do you a great deal of good as a consumer.
The things you have learned in this article are only a small portion of what you will need to come out with a favorable ruling in a debt collection lawsuit. A wealth of information can be found almost immediately at www.creditcarddebtlitigation.com. This site is the go to resource for anyone who is representing themselves in a debt collection lawsuit.
About the Author:
Want to find out more about debt collection lawsuit, then visit Allan Henry's site on how to choose the perfect credit card lawsuit for your needs.
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