No — treat it very seriously as this normally means you have been sued in Alabama. I would NEVER hire this company but one thing they do a great job of is getting word to you that you have been sued. Normally they mail out their letter to you the next day after being sued.
How does Ferry & Nicholas get my name?
All lawsuits in Alabama, including debt collection lawsuits, are on what is known as “AlaCourt” which is the Alabama internet based court records. There are still physical files but this is where judges and lawyers work from — Alacourt.
Every new lawsuit is listed along with your name and address.
So Ferry & Nicholas pull that data each day and then generate letters to you and everyone else sued that day.
Normally you will know about a lawsuit first from Ferry & Nicholas — long before you are actually served with the lawsuit.
What does Ferry & Nicholas claim to do for me?
They claim to be mediators — to be a go between for you and the company suing you. Now it may be an original creditor suing you (Capital One, Discover, etc.) or it may be a debt buyer (Asset Acceptance, LVNV Funding, Midland Funding, Portfolio Recovery, etc).
Regardless Ferry says they will work out an “out of court” settlement so you don’t have to go to court.
Sound good? And they are very cheap — under $200.
So any problems?
Why should I be skeptical about hiring them?
You have been sued. You are in a court proceeding.
And you get a letter from a non lawyer place claiming to help you with your lawsuit.
As you can imagine, this can and does often end in disaster.
So you hire Ferry & Nicholas.
OK — do you file an answer to the lawsuit? (You have 14 or 30 days to answer the lawsuit from when you were served).
Because these non lawyers won’t file an answer for you.
So you file it or you don’t.
But what if you don’t — and often Ferry & Nicholas will tell you not to file an answer as they are “handling the lawsuit” — then you lose.
You get hit with a judgment. A default judgment.
Now your wages are garnished — your bank accounts are wiped out — your property is seized.
When all of that happens, do you think this non lawyer firm that plays at being a lawfirm will actually help you?
That’s right — they will abandon you without a second thought. Because they can’t represent you. They can’t go to court.
Its a complete waste of money in my opinion to hire these guys.
But if you don’t hire them, what else can you do?
Let’s take a look at this . . . .
Can I handle the lawsuit on my own?
Yes you can if you are sued in small claims or district court in Alabama. Its not easy but it is doable. (Here is a comprehensive article and video on how the process works in small claims or district court).
Now being sued in circuit court — that’s very hard to do on your own.
But the vast majority of all collection cases are filed in small claims and some in district court so this is an option.
If you want to go this route, get in touch with us and we’ll get you some resources to help you as you fight to win your case on your own.
Or you can call us at 205-879-2447. But what if you want to hire a lawyer — is it doable?
Can I afford to hire a lawyer?
As a general rule my lawfirm fee is about the same as you could settle a case for with a lump sum. That is normally around 50% of the amount sued for.
So if you are sued for $4,000, my fee is going to be in the $1500-2000 range.
Now certainly this is a lot more than the Ferry & Nicholas fee.
Is it worth it to hire my firm?
If you want the lawsuit to go away, and you want to pay nothing, and you want the credit reporting deleted, and you want this debt killed, then its worth it. Those are our settlement terms.
And if a company does not settle, then we go to trial with our goal to win the case and sue the debt collector in federal court.
For most folks we speak with, we encourage them to handle the lawsuit on their own. But sometimes it makes sense to hire us.
Our focus is really on suing the debt collectors in federal court but we do represent a good number of Alabama consumers who are sued.
We can walk you through your options and what makes the most sense to do — call us at 205-879-2447 or click the button below and we will get right back to you.
What should I do now?
Keep in mind you have 5 options when sued by a debt buyer and you need to consider all of them.
We’ll help you do this so you know which option is the best:
**File bankruptcy **Fight the lawsuit on your own **Settle the lawsuit on your own **Hire a lawyer to fight the lawsuit **Hire a lawyer to settle the lawsuit
Everyone is different so we recommend that you call us at 205-879-2447 or you click the button below and we’ll get with you right away and help you think through your options.
Talk to you soon!