How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide) What are the biggest debt collector companies in the US? How long do debt collectors take to respond to debt validation letters? Why do debt collectors block their phone numbers? Need help managing your finances? Check out these resources. Need more info on statutes of limitations? Read our 50-state guide. Guides on How to Beat Every Debt Collectorīeing sued by a different debt collector? We're making guides on how to beat each one. Utah File a Motion to Satisfy Judgment. Here's a list of guides for other states. >Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance How to Answer a Summons for Debt Collection Guides for Other States >Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate "First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document. How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. SoloSuit makes it easy to respond to a debt collection lawsuit. And being judgment proof is never a defense! Overall, you must weigh your options and ensure that you respond to the debt. If these have expired, then you may have your debt dismissed. Another opportunity for defense is that of the statute of limitations. If the creditor or debt collector can not provide proof of the original debt, then the case may be thrown out. And judgments are valid for up to 20 years! This is why it is always better to use a valid defense to a lawsuit.įor example, you may be able to defend yourself by asking for proof of the lawsuit. If your financial situation improves or you begin working, then the creditor may attempt to continue to pursue the debt.Īlthough judgment proof means that a creditor cannot pursue your income, it is only a pause. This means that even if you are judgment proof, you must respond to all of your debts. Don't Count on Being Judgment Proof As a Defense to a LawsuitĪlthough it may feel that being judgment proof provides you protection, it is important to understand that it is not permanent. But if your income is exempt from seizure, your wages cannot be garnished at all.Ĭreditors cannot attempt to satisfy your debt from any of the following sources:Īvoid wage garnishment with SoloSuit. Legally, this cannot be more than 25% of your disposable earnings or the amount of 30 times the federal minimum wage. When a creditor seeks to garnish your wages, they often do so by taking a percentage of your paycheck. Know What Forms of Income Are Exempt From Seizure All of your property is protected by exemptions.Your financial situation is unlikely to change.You might be judgment proof if the following applies to you: Use SoloSuit and make the right affirmative defenses to avoid judgment. Although being judgment proof does not protect you from a judgment, it simply means that the creditor cannot collect on it. Especially if you do not have assets, personal property, or savings. If you are judgment proof, it also means that creditors will not be able to garnish your income. You also most likely do not have much money in the bank, or assets that a creditor would be able to take from you to pay off your judgment. You are considered “judgment proof” if you do not make much income. Despite this, being judgment proof is never a defense to a lawsuit.Īfter a creditor wins a debt lawsuit against you, they will obtain a judgment. Although in many instances you will be forced to pay this debt, if you are considered “judgment proof" then a creditor may not be able to go after your income. When this happens the creditor or a debt collector can sue you for the money you owe. Debt occurs when you don't pay your credit card bill, or if you fail to make payments on a loan. When it comes to debt, Americans have a lot of it. Learn why being judgment proof is not a defense to a lawsuit. Summary: Being judgment proof might sound like a good thing.
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