As a result, there are many instances when the debt collector fails to take the time to confirm that they have the legal ability to sue you for the debt. Make Regional Finance Prove the Lawsuit was Filed Within the Statute of LimitationsĪs mentioned earlier, many debt collection companies (including Regional Finance) assume people will not file a formal Answer to the debt collection lawsuit and they will obtain a default judgment. In many instances, the debt collection company only has sparse documentation and may not even have sufficient evidence to respond. As a result, a strategy for challenging the collection lawsuit is simply requesting that the debt collection company provide evidence that you owe the alleged debt.įor example, you should demand that the collection company provide a copy of the signed agreement and balance on the purportedly delinquent account from zero to present. The debt claimed in the lawsuit filed by Regional Finance may have been packaged, sold, and resold by multiple companies. Make Regional Finance Prove That You Owe the Purported Debt As a result, when you take the time to file an Answer, it catches many debt collectors off guard and could create an opportunity to try and reach a settlement or out-of-court resolution with the debt collector. This is because the vast majority of people who are subjected to a collection lawsuit will fail to file a response. They would then be empowered to garnish your wages, take money from your bank account, collect attorney's fees and court costs, and seize your personal property.Īnother important reason to file a formal Answer to the debt collection lawsuit is that many debt collection companies like Regional Finance assume you will not file an Answer. Once a default judgment is entered by the Court, you are effectively at the mercy of Regional Finance. The reason filing an Answer is so important is because failing to do so is admitting defeat and letting Regional Finance file a motion to obtain a default judgment against you. In legal terms, your response to the Complaint is known as an Answer. Whether you owe the debt or believe you were sued by mistake, you need to take action and file a formal response to the lawsuit. Please understand that you gain nothing by doing nothing. One of the most common mistakes people make when they are sued by a creditor or debt collection agency is failing to respond to the lawsuit. If you are served with a Complaint filed by Regional Finance, it is extremely important to respond to the lawsuit in a timely manner. Respond Promptly to a Debt Collection Lawsuit from Regional Finance Respond to debt collection lawsuits fast with SoloSuit. For example, multiple consumers reported that collectors affiliated with Regional Finance engaged in inappropriate and unethical communications and attempted to collect on debts that were not actually owed. Numerous consumer complaints have been filed with the Better Business Bureau, Consumer Financial Protection Bureau, and other agencies alleging collectors with Regional Finance violated various provisions of the Fair Debt Collections Practices Act. Regional Finance has developed a reputation for being extremely aggressive when attempting to collect outstanding debts. As a result, Regional Finance typically only accepts loan applications from residents based in one of these states. The company has over 300 offices throughout eight specific states - New Mexico, Texas, Oklahoma, Tennessee, Georgia, Alabama, North Carolina, and South Carolina. Regional Finance is also notorious for sending out mass mailers to homes containing “pre-approved” loans (that typically are accompanied by a high-interest rate). They market themselves as a company that assists consumers with poor credit scores to procure personal loans and other forms of finances. Regional Finance is a personal loan corporation based in South Carolina. You have legal rights and can take specific actions to beat Regional Finance in court. If, or when, this happens, do not despair. If the stress of being hounded by a debt collector was not bad enough, there is a fairly high likelihood you will wind up getting served with a debt collection lawsuit. This is perfectly understandable since being hounded by a debt collector is generally considered to be an awful and unpleasant experience. If you are being harassed and threatened by a debt collector affiliated with Regional Finance, you may be feeling overwhelmed, intimidated, and unsure about your future. Summary: Are you being sued by Regional Finance for an old debt? Learn how to make a defense and win against Regional Finance in court.
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