How To Answer A Debt Collection Lawsuit (2022 Update) | Summary and Q&A

9.7K views
October 1, 2022
by
Consumer Warrior
YouTube video player
How To Answer A Debt Collection Lawsuit (2022 Update)

TL;DR

Learn the three essential things you need to know when responding to a debt collection lawsuit to avoid default judgment and explore potential resolution options.

Install to Summarize YouTube Videos and Get Transcripts

Key Insights

  • 📁 Filing an answer is essential to avoid default judgment and explore resolution options.
  • ❓ Precise responses to allegations in the complaint are crucial.
  • 🖤 Admitting, denying, or lacking sufficient information are the three common answer options.
  • ❓ Be truthful in your responses and focus on addressing the dispute.
  • 🖤 Deny or state lack of information for specific allegations if there's doubt or lack of evidence.
  • 🖤 Transferred or assigned debt allegations can be denied or responded to with a lack of sufficient information if evidence is absent.
  • 🆘 Understanding the purpose of the answer helps in drafting an appropriate response.

Transcript

hey everybody Jen skiba here from the consumer Warrior YouTube channel and in this video I'm going to share with you the three fundamental things you need to know when filing an answer to a debt collection lawsuit but if this is your first time here to my YouTube channel or if you've been here a thousand times go ahead and click subscribe if you ha... Read More

Questions & Answers

Q: What happens if I don't file an answer to a debt collection lawsuit?

If you fail to file an answer, there's a risk of default judgment, where the court grants everything the debt collector is asking for, including additional costs.

Q: Should I always admit or deny the allegations in the complaint?

It's important to be truthful in your responses. If you know for sure that an allegation is true, admit it. However, if there's doubt or lack of evidence, you can deny or state that you lack sufficient information.

Q: Can I provide additional information in my answer to tell my side of the story?

The purpose of the answer is to address whether there is a dispute. While you can include relevant information, focus on admitting, denying, or lacking sufficient information for each specific allegation.

Q: How should I respond if the complaint includes transferred or assigned debt?

Unless you have specific knowledge or supporting documents, you can deny or state that you lack sufficient information to admit or deny the transfer or assignment allegations.

Summary & Key Takeaways

  • Filing an answer to a debt collection lawsuit is crucial to avoid a default judgment that can result in paying attorney's fees and court costs.

  • Understand what a complaint is and how to draft an answer that provides precise responses to the allegations.

  • The most common answers to allegations in a complaint are admitting, denying, or lacking sufficient information to admit or deny.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Consumer Warrior 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: