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Credit Card Defense The average U.S. household credit card debt is $15,611. As a result, more and more Americans are unable top pay this debt and there has been an increase in law suits filed by credit card companies in order to collect on the debt owed. Finding yourself in one of these situations? Have you […]
Dec 15, 2020 · Make the offer and be sure to make it a strong one and the company will more than likely be interested. Here is a sample of a credit card debt settlement offer letter. Sample Credit Card Debt Settlement Offer Letter. February 15, 2020 ABC Credit Corporation 9090 Stone Ridge Blvd. Reynoldsburg, Ohio 43068 Dear Sir/Madam,
The most common examples of unsecured debts are medical bills, most credit cards, most personal loans, and in a Chapter 13 case, any debt that exceeds the value of the property. Using the same example from two paragraphs up, in a Chapter 13 case if you have a car that is worth $5,000.00, and you owe a total of $8,000.00 on it, that creditors ...
Home Practice Areas Other Practice Areas Credit Card Lawsuit Defense CALL 214-748-5200 FOR A QUICK AND EASY PRICE QUOTE If you have been sued for the default of an old credit card debt we can help you.
Our attorneys at Morgan & Morgan are dedicated to stopping banks and other debt collectors from engaging in the unlawful and unacceptable behavior. Our consumer protection department has a successful track record of recovering damages for our clients, and is one of the only firms in the country to have collected punitive damages in a debt harassment case.
One defense to a lawsuit brought by the original credit card company is worth mentioning here. It involves the so-called Jerome Daly defense, which argues that, because the bank creates the money for every credit card transaction out of thin air, there is no valid contract.