If you’ve been sued by a collection law firm, it’s important to understand your rights and the steps you can take to protect yourself. Collection lawsuits can be stressful and overwhelming, but the experienced collection defense lawyers are here to help. Lawyers with years of experience representing individuals and businesses facing collection lawsuits, and committed to helping you reach the best possible outcome.
Our attorneys have helped clients beat creditors both big and small, such as:
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SUED BY A COLLECTION LAW FIRM? DON’T DELAY. PROTECT YOURSELF FROM A DEFAULT JUDGEMENT.
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Default Judgment Consequences
A default judgment is a court order that results when a defendant does not respond to a collection lawsuit or does not appear in court. If a collection law firm obtains a default judgment against you, it may lead to several consequences that can significantly impact your financial well-being. Some of the consequences include:
Wage Garnishment:Â A collection law firm may be able to garnish your wages, which means a portion of your salary will be automatically deducted to repay the judgement. The amount that can be garnished is limited by federal and state law, but it can still have a significant impact on your finances.
Bank Levy:Â A collection law firm may also be able to obtain a bank levy, which allows them to freeze your bank account and seize funds to repay the judgement. This can lead to an interruption in your normal financial activities and result in overdraft fees and other charges.
Lien on Property:Â A collection law firm may place a lien on your property, which means that your assets will be used to repay the judgement if you sell them. This can make it difficult to sell property and get the full value for it.
Interest on judgment: A default judgment will continue to accrue interest so long as it’s unpaid. For example, in California a default judgment will accrue interest at a rate of 5 to 10% per year.Â
What Are The Advantages of Working With Our Network?
At Collection Defense, we understand the complex legal and financial issues involved in lawsuits. Experienced collection defense lawyers that we connect you to, are dedicated to helping clients achieve the best possible outcome, and they’re committed to providing personalized, hands-on representation.
We know that being sued by a collection law firm can be a stressful and overwhelming experience, and that’s why we’re here to help. They will guide you through every step of the process, and they will be there to answer any questions you may have.