|FICO 8 SCORES: 06-04-2020||633 TU||656 EX||652 EQ|
Thanks, and I would be happy to share the lawsuit details.
The debt was from 4-5 years ago for about $1500 or so.
Prior to the lawsuit I offered them a settlement of about half and they declined, so I figured I'd rather spend my money on my defense than paying these people who I didn't even originally owe. So, I paid a local bankruptcy attorney $500 to defend me and he came up with the following defense:
He used the arbitration clause in the agreement I had with the original creditor to force them to give up. Since arbitration costs about $2500 or so to start, it wouldn't have been worth it for them to pay $2500+ to potentially collect $1500. So, they declined the arbitration and the case was dismissed with prejudice. They can't try and collect on the debt, they can't sell the debt, and I can't sue them for anything related to the debt. Case closed!
Wow! Thats excellent! Once again welcome to the forums and as others have said there are loads to learn here and your continued hard work will open doors for better opportunities!!!
New to site. My credit is in great shape but I am trying to help my sister to rebuild her credit and I saw your impressive credentials. May I ask how you were able to increase your credit scores so rapidly?
Congrats on your approval and monster SL !!!!