If you are being sued by a debt collector, it is very important to know your rights along with the legal procedures involved in this type of lawsuit. Not knowing your rights and how the law applies to debt collection can cost you a considerable amount of money.
Most importantly, do not ignore a debt collection court action. If you ignore a court action, it is more than likely that a judgment will be entered against you for the amount the debt collector claims you owe. Additional fees against you to cover collections costs or fees for attorneys are often also awarded. With a judgment, debt collectors have a strong tool to collect the debt from you. They may be able to garnish your wages or even freeze all or part of the funds in your bank account. You also may lose the ability to dispute that you owe the debt.
Remember, the debt collection companies have experienced attorneys working for them, you should have one working for you. Let the professional team at Hollenbeck and Associates guide you through this process. Call us today for a review of your case.