You must answer the complaint to defend the suit. To teach you all of ins and outs of litigation is going to take a long time. If you acknowledge that you owe the money there isn't much of a point in defending the suit if they have the proof of the debt. You may want to consider a bankruptcy.
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I agree with my colleague that you must respond in a timely manner to the complaint. Otherwise, the plaintiff will get a default judgment and you will have real challenges. Right now, you may have defenses and counterclaims. If you want to pay off the debt, you may also have the opportunity to negotiate down the obligation. You should really consult with a consumer attorney ASAP about your rights and options in handling this matter.
For more information, check out my website: www.ohioconsumerlawyer.com