Deliver Countersignature Credit Card with airSlate SignNow

Deliver countersignature credit card

so what happens if you get sued for credit card debt especially by a junk debt buyer what are some of the things you should do what are some of the things that other people do wrong what is the best way for you to handle a credit card junk debt lawsuit my name is Michael was--like I'm one of the lawyers at Ricardo and was--like in Florida and with my partner Jason Ricardo we help people just like you overcome debt collection with dignity and today I want to talk about the the way that credit card lawsuits normally proceed the way most people handle them the the mistakes that many people make and what you can do differently to get a better result so here's what the normal process looks like first of all in a normal credit card lawsuit process first of all the folks who are doing the suing are almost always junk debt buyers and what that means is that the credit card companies once they determine that a debt is probably not going to be paid a bill is not going to be satisfied they will write off the debt on their books they'll do a charge off and then they'll sell bundles of accounts to junk debt buyers who buy them for pennies on the dollar they hope to squeeze nickels dimes and even quarters out of the people whose names are on that list that they've purchased now notice that I said a list junk debt buyers don't really buy the accounts they don't buy the contracts what they really buy as an Excel spreadsheet or a spreadsheet from some other software and what they will what they get is a list of names account numbers and amounts due and owing according to the credit card company they don't get in any underlying documents and in many cases the contract between the credit card company and the junk debt buyer actually says we don't make any representations about the accuracy of the information we're giving you so the junk debt buyers know they're buying garbage what that means is they pay very little upfront for it and they try to squeeze as much money as they can out of these lists that they purchase and the way they do that is to well first of all they will start doing phone calls and letters to the people on the list those are collection communications those are not court action and so they will offer you discounts they'll say you know if you owe a thousand dollars we'll take 700 or something like that now and the reality is is they've paid you know maybe five or ten dollars for that thousand dollar debt and so anything they make is profit anything you pay them is profit and they'll and so very many cases you can negotiate very deeply deep discounts with them but if there's no response to the collection communications if...