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When the Debit Card is Declined—Look to the Default Judgment

Debit card
  • Mar 18 2019

It’s a terrible feeling to be in debt. And especially when it keeps escalating due to a lack of income. While you may simply be waiting for things to get better, credit card companies and creditors are busy tacking on late fees, added interest, and dinging you wherever possible for more money at the very time that you have none. Being in this type of situation is tough, but it is frustrating too—and you may feel like there is no way out. There are options, and the first thing to do is reach out for help from an experienced collections lawsuit attorney. Do not try to go it alone, as tempting as that may be!

Without help, you may find yourself being named the defendant in a lawsuit, notified by that private process server at your door, or a deputy sheriff. Being served may feel like a humiliating experience, but it is the court’s way of letting you know what is going on—and you do need to know as soon as possible when a creditor is taking legal action to come after you. Without a response to a collection lawsuit, you could quickly find a default judgment granted against you. And although it may seem like the end of the journey for your debt, the nightmare is just beginning if you have a job, or if you have possessions you really would like to keep, and if you enjoy being in control of your checking account.

Sadly, so many people avoid dealing with collection lawsuits that creditors and debt collections agencies are used to winning—and fast. Along with that, default or court judgments are granted fast too, especially in the face of no defendant there to challenge the plaintiff or offer any explanation regarding the debt at all. Unless you are completely judgment proof, having to deal with such court action can be both humiliating and stressful financially. Once a judgment is granted against you, the creditor is able to have your wages garnished up to 25 percent of your income, law enforcement may be able to come and take property and sell it off at public auction, and worst of all—when you are in line shopping for groceries or hardware and your debit card is declined, it may be due to a freeze on your checking accounts. Banks will routinely comply with court orders to put a hold on your financial accounts, and they most likely will stay that way until the debt is satisfied.

Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include collection lawsuits, default judgments, and more. Let us review your case and discuss what would work best for you. We are here to help! Call us today for a free consultation at (855) 709-5788 or email us at info@debtorprotectors.com.

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Posted in: Judgments