Help! A Creditor is Suing Me…What Now!

All too often in these economic times, consumers are getting hit with lawsuits from creditors.  Faced with mounting defaults on credit card payments, car loan payments and mortgage payments, creditors (defined as anyone who lends credit or money) are often taking the path of lawsuit rather than working out a payment arrangement.

After all, from their point of view, if you have defaulted once, you will default again.  Why should they trust you?  It is especially tough if you have “worked out” a payment arrangement, and then default on that agreement.  It happens every day in this economy.  You negotiate in good faith to repay your debts, and then…BOOM!…something happens that you did not foresee…loss of a job, major illness for which you have no insurance, your mom is ill and needs to live with you.  Now all of a sudden, a catastrophic occurrence in your life has strapped you financially, and something has to give…the debts seem to be the least important of those financial requirements now upon you.

If you are afraid that one or more of your creditors may sue you, or if you are getting threatening calls or letters from them, you may benefit from a prepaid legal expense plan we offer.  For the cost of a nice dinner out for two each month plus an enrollment fee, you can have protection against that eventuality.

Once you are enrolled in the program, and a short waiting period has passed, you are fully protected.  If a lawsuit comes your way, don’t worry.  Send the paperwork to the legal plan office, and their attorney’s answer the claim for you.  Should a lawsuit ensue, they represent you…you do not even need to show up in court.  And there are no other costs, unless there is a court filing fee or something like that.  No additional costs for the lawyers who represent you!  The attorney reaches a settlement with the creditor, and you use the funds you have saved to settle the claim.  They are experts at negotiating the lowest balance possible.

Even better is the fact that you will be taught exactly what to do when you receive a call from a creditor, and thesteps you need to accomplish to register that action.  You could, over time, receive some compensation from the creditors or collectors breaching the Fair Debt Collection Practices Act (FDCPA) for their misconduct.