Credit Card Lawsuits

Credit Card Lawsuit

If you have a credit card account that has gone into default for missing payments, it is likely that the credit card company has "sold" your account to another company. These companies, who buy defaulted credit card and other unsecured accounts, are know as "Debt Buyers" or "Third Party Creditors." Debt buyers purchase defaulted accounts in what the industry calls a "pool of debt" or a Portfolio of Debt." So if you have been sued by a debt buyer, more than likely your account was bundled with 100's or 1,000's of other debts and then sold to the highest bidder in the Third Party Creditor Market. 

Because you may have never heard from or dealt with the company who bought your debt, you probably will not recognize the name of the company who is suing you. Some of the larger Debt Buyers are: Midland Funding or Midland Credit Management, Portfolio Recovery Associates, LVNV SPV I, Calvary SPV, Absolute Resolutions, CKS Prime, and the list is long. 

We defend individuals against these credit card lawsuits filed by debt buyers by attacking the evidence they attempt to admit in court.  We have an extremely high rate of winning these cases because we know the exact rules of evidence and civil procedure to apply in these types of lawsuits.  

Fenters Law Firm can provide the following assistance if a Debt Buyer has filed a lawsuit against you:

If you have been sued by a Debt Buyer, it is important to contact a lawyer as soon as possible. A lawyer can help you to protect your rights and to get the best possible outcome in your case.

Here are some additional things to keep in mind if you are sued by a Debt Buyer:

Debt buyers are regulated by the Fair Debt Collection Practices Act (FDCPA). The FDCPA prohibits debt buyers from engaging in unfair, deceptive, or abusive practices. Debt buyers must identify themselves when they contact consumers, and they cannot harass or threaten consumers. They also must provide consumers with accurate information about the debt that they are collecting. 

Once Fenters Law Firm wins your case, the debt buyer must remove the account from your credit report.

If you believe that a debt buyer has violated the FDCPA, you can file a complaint with the Federal Trade Commission (FTC). We can also file a lawsuit against the debt buyer.

For more information about the FDCPA, you can visit the FTC's website: