The Fair and Accurate Credit Transactions Act (FACT Act) of 2003 allows everyone to receive one free credit report from each of the three main credit-reporting agencies once a year. How to Get Your Report Equifax, Experian and TransUnion, the three main credit-reporting agencies, created a central source, AnnualCreditReport.com, where consumers can go to request […]
I tried to settle with the creditor and they refused. Is that a defense? No. A creditor is not required to settle a debt, reduce interest, or write it off. I don’t recognize the name of the creditor suing me. Is that a defense? Possibly. You have the right to make the creditor prove that […]
They don’t go away on their own. What if I don’t go to court? If you receive a summons and don’t go to court, you will automatically lose! Your creditor will ask for a “default judgment” against you. Since you are not there to protest, the judge will probably grant your creditor’s request. GAME OVER!