Info

Financial Freedom Podcast

A semi-monthly podcast that brings you advice and interviews with experts on various important topics to help you make better and smarter financial decisions in order to improve or maintain your financial situation.
RSS Feed Subscribe in Apple Podcasts
Financial Freedom Podcast
2019
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


Categories

All Episodes
Archives
Categories
Now displaying: Page 1
Apr 29, 2016

People in financial difficulty here in New Jersey often get sued by their creditors to collect their debts. These suits usually lead to judgments because people don’t think they can fight them or try to fight them based on an inability to pay defense and lose.

But sometimes there is a basis to fight a lawsuit, but people don’t know they have it. More and more in this country it has become the practice of creditors to sell their claims to debt buyers in order to get “half a loaf” in terms of money and avoid the hassles of collection efforts. Companies like Midland Funding, LVNV Funding, Cavalry Portfolio, and New Century Financial will pay a fraction of the balance on a huge number of claims and then bring suit to collect for large profits.

If this is happening to you, then you need to consider whether you want to fight any claim they bring. In this episode, I talk about what defenses you may have to a debt buyer lawsuit, and how they can help you.

0 Comments
Adding comments is not available at this time.