When should you hire a debt defense lawyer in Chicago? Find here!
Life is unpredictable, and despite your best attempts to manage your finances, you could end up in a debt mess. Debt collection agencies may make it hard to continue with your life by calling you every now and then. A credit card company may file a lawsuit stating that you haven’t paid the dues on time. These are some circumstances when you may need to hire a debt defense lawyer Chicago. Below is a quick overview for your help.
How can a debt defense lawyer help?
The role of a debt defense lawyer is to defend consumers against creditors and debt collection agencies. There are numerous notable cases where consumers didn’t have to pay a single penny because the credit card company had inflated the bill. More often than not, people actually end up paying a lot more because they are unaware of their rights. There are debt collection agencies, on the other hand, who often try numerous illegal practices and means to solicit repayments. A debt defense lawyer can help defend your rights in such circumstances.
Reasons to call a debt defense lawyer
There are numerous circumstances when you may need to lawyer up, but you should seek legal advice if –
- A credit card company has filed a lawsuit over nonpayment of dues, and you are not sure if you owe the debt.
- A third-party debt collection agency has been trying to collect a debt that you are unsure of.
- You have been sued for an amount that’s inflated and doesn’t justify the original contract.
- You have been harassed by a creditor or a debt collection agency.
What can an attorney do?
First things first, a debt defense lawyer will explain your rights and the possible outcomes of the case. They will also check if everything a creditor is saying is true in the first place. It is not rare for credit card companies and lending institutions to overcharge and miscalculate the fees. Also, your lawyer can check if the creditor is following the law and can drag third-party collectors to court for using obscene language or words. Of course, if the lawsuit is not valid, your lawyer can get it dismissed.
The good part is debt defense lawyers don’t usually charge an upfront fee, and as per the fee-shifting provision of the FDCPA, you could also recover the fee of your attorney in certain circumstances.
