How To Draft A WINNING Answer To Your Debt Collection Lawsuit | Summary and Q&A

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August 16, 2023
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Consumer Warrior
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How To Draft A WINNING Answer To Your Debt Collection Lawsuit

TL;DR

Filing a written answer to a debt collection lawsuit is crucial to avoid default judgments, which can significantly increase the amount owed.

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Key Insights

  • 📁 Debt collection lawsuits are common, with millions filed against consumers every year.
  • 🥺 Default judgments are the most common outcome in these lawsuits, leading to increased debt amounts and ongoing interest accrual.
  • 📁 Filing a written answer, denying or admitting the allegations, is crucial to avoid default judgments.
  • 🐕‍🦺 Solo Suit offers a technology-driven service to assist individuals in drafting and filing their answers accurately and on time.
  • ❓ Admitting or denying allegations in the answer requires careful consideration and honesty.
  • ❓ Including personal narratives or settlement proposals in the answer is not recommended.
  • 🤝 Default judgments can make it challenging to effectively deal with the debt, including settlement negotiations.

Transcript

hey everybody John skiba here from the consumer Warrior YouTube channel and in this video I'm going to share with you the number one tip of anything I do on my channel this is the number one thing if you've been sued by a debt collector this is what you need to do you need to file a written answer we're going to talk about why most people don't do ... Read More

Questions & Answers

Q: Why is it important to file a written answer to a debt collection lawsuit?

Filing a written answer allows you to dispute the allegations and prevent a default judgment, which could result in higher debt amounts and ongoing interest accrual.

Q: Can I include my side of the story or settlement proposals in the answer?

It is not recommended to include your side of the story or settlement proposals in the answer. The court is primarily interested in whether you admit or deny the allegations made by the plaintiff.

Q: What are the consequences of a default judgment?

A default judgment gives the plaintiff everything they requested, including the underlying debt, interest, and attorney fees. This can result in a significant increase in the amount owed.

Q: How can Solo Suit help with filing an answer to a debt collection lawsuit?

Solo Suit is a service that uses technology to help individuals draft and file their answers to debt collection lawsuits. They also provide attorney review to ensure accuracy.

Summary & Key Takeaways

  • Debt collection lawsuits are rampant, with millions filed against consumers each year, and the majority of these cases result in default judgments.

  • Default judgments can lead to higher amounts owed, including interest and attorney fees, making it difficult to effectively deal with the debt.

  • Filing a written answer in a timely manner is essential to have a fighting chance to settle or have the debt thrown out.

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