Credit Card

Sued for a Credit-Card Debt? The Defense Most People Never File

About 70% of consumer debt-collection lawsuits end in a default judgment because the defendant never filed an answer. The cases that get an Answer look completely different. Most credit-card lawsuits are filed by debt buyers who do not have the documents they would need to win at trial: chain-of-title, the original cardholder agreement, a specific bill of sale. Here is the defense most people never file, in five steps.