Statute of limitations in debt collection suits — how does it work and what does it do for me?
Statute of limitations (sometimes abbreviated SOL) is the time period a debt collector has to sue you. If it goes beyond this time, it is too late and the suit can be easily defeated.
But let’s clear up some confusion about the statute of limitations. We often get a question like this:
“What is the statute of limitations for a credit… (Read more)
Debt Settlement or Adjustment or Validation Companies are Often Scams and Take Your Money and Let You Get Sued
You are here because you either hired one of these (almost certainly) debt settlement scam companies or you thought about it. Here’s what we will cover in this article:
You do have options — actually five of them — when you are sued
What these debt settlement companies typically promise
What these companies do in reality
Why you got sued
Can… (Read more)
Synchrony Bank files hundreds of collection lawsuits in Alabama every month — most if not all filed by the Rausch Sturm law firm out of Enterprise, Alabama. I’m assuming you have been sued by Synchrony Bank if you are reading this. You have five options when sued by Synchrony — and only one is bankruptcy. And bankruptcy is hardly ever a good choice.
But before we get into that, let’s see the big picture of what we’ll cover in this article:… (Read more)
If you have been sued in an Alabama collection lawsuit by the debt buyer Midland Funding, you have a lot of company. From January 1, 2019, to March 15, 2019, Midland Funding filed 3842 lawsuits in Alabama.
That’s 3842 lawsuits in 74 days.
Over 51 lawsuits a day — every single day of this year.
And these lawsuits are filed all over the state — from Madison County in the northern part of the State to Jefferson County to Montgomery… (Read more)
Let’s talk about the following when sued by Portfolio Recovery Associates:
How do you know you have been sued?
What are your deadlines so you don’t get a default judgment against you?
What are your five options?
Most important — what should you do right now?
Here’s how you normally know Portfolio Recovery Associates is suing you in Alabama:
You get served by the sheriff or a private process server — they hand you the lawsuit papers.
Or you… (Read more)
Having your family member or loved one in Alabama sued by a debt collector is a scary thing to happen — they come to you and ask what should they do next. Here are some thoughts for you:
Make sure they respond in time . . . so that they do not get a default judgment.
Understand difference in owing a debt and the debt collector owning the debt . . . so that they understand their options
Go through… (Read more)