Debt Settlement Agreement in a Debt Lawsuit: 10 Required Terms

Debt Settlement Agreement Debt Lawsuit

Never pay a settlement based on a verbal phone agreement. You must have a signed written contract in your hands first. A complete settlement agreement must include the words “dismissal with prejudice.” Without this, the collector can take your money and refile the lawsuit later. Ensure the document includes a “covenant not to transfer” to … Read more

Can You Sue a Debt Collector? How FDCPA Lawsuits Work

Can You Sue A Debt Collector

You can sue a debt collector for violating federal law (the FDCPA), and it often costs you nothing out of pocket because the law forces the collector to pay your attorney fees if you win. You can recover up to $1,000 in statutory damages per lawsuit, plus actual damages (like lost wages or therapy costs) … Read more