Hi I have a question I had a payday loan but I have defaulted on it and now I have recieved a letter from a collection agency saying they will put a judgment on me can they do that I live in PA or whats the worse they can do the debt is not on my credit report pls help
Personal Injury Lawyer
If this debt collector is telling you they are going to sue you to get a judgement against you,they have broken the law and you entitled up to $1000.00. Debt collectors cannot sue nad claiming they will is a misrepresentation. Debt collectors are strictly regulated by a Federal statute called The Fair Debt Collection Practices Act. This statue is hyper technical and any violation results in a fine payable to the debtor. Moreover, the Act provides for fee-shifting. By that I mean the debt collector will have to pay the attorney's fees in getting you the fine. I routinely get $350.00 per hour awarded to me by the Federal Courts. Find a lawyer who does consumer law, most lawyers don't handle these type of cases and the learning curve is steep.