Should you trust a debt collector who tells you not to file an answer in a collection lawsuit?
Why would a debt collector or a debt collection law firm tell you not to file an answer?
One of our YouTube viewers recently asked a question about the statute of limitations as it relates to debt-collection lawsuits. We felt this information would be useful to many of our viewers, so we wanted to share this information here on our blog.
Auto deficiency occurs when you still owe $15,000 on a car and then that car is repossessed and sold for $5,000. Now, you get sued for the $10,000 deficiency.
A cease and desist letter is something you send to a debt collector telling them that you wish to have no more contact with them. It may also state that you refuse to pay them.
I’ll answer this based on Alabama, since that’s where I practice.