Facing a debt collection lawsuit? Here's what to do in the next 30 days.
Summary
When you receive a debt collection lawsuit, it is important to act quickly and carefully. The first 30 days are critical to checking the debt, responding to the court, and protecting your rights.Key Facts
- Household debt is currently at record high levels, making it hard for many to keep up with payments.
- Missing payments can lead to a legal debt collection lawsuit.
- When served, read all the documents carefully to learn who is suing, how much you owe, which court is involved, and your response deadline.
- Verify the debt by checking your own payment records and look for errors like wrong balances or fraud.
- Filing a response before the deadline is crucial; ignoring the lawsuit can lead to a default judgment against you.
- A default judgment can allow creditors to take further actions like garnishing wages or seizing bank funds, depending on state laws.
- Responding to the lawsuit lets you challenge the claims or negotiate a better outcome.
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