AboutOntrack Financial Group llc Expertise With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority.
In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company!
With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process.
Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint.
Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
Experience Please read about us at Https://www.OntrackFinancialGroup.com/Q&A.html
Question QUESTION: Recently my husband has become unemployed, he was self employed in a small business, economy forced him to have to shut down. I am working at this time, my husband has picked up a couple of side jobs, and we have put multiple applications in for him for work. we are now receiving civil summons on defaults of a personal loan and credit cards. How should we answer, or what should we do. I only make enough to pay utilities gas and groceries. Very possible we are headed to foreclosure if my husband doesn't obtain a job. need advice... what can they do and how far can they go? worried worried worried!
ANSWER: Dear Debra,
Thank you for your question.
Who sent a summons?
Mike Moore
Ontrack Financial Group llc
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QUESTION: the summons is from a circuit court
ANSWER: Dear Debra,
I'm sorry I should have structured the question better.
What is the name of the creditor filing suit?
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QUESTION: the creditor is household finance.. how do we answer this what should we say?
Answer Dear Debra,
What you should know about debt defense:
1. If you defend your case, the plaintiff (credit card company or debt buyer) has the burden of proof. In a civil case such as a credit card lawsuit, the company must generally prove that (i) a contract existed between you and the company; (2) you substantially breached the contract by failing to fulfill your contractual duties (such as making payments); and (3) that the plaintiff was damaged as a result of your breach. Additionally, in cases where a debt buyer is suing you on some debt it purchased from a credit card company, it must prove that it purchased the debt from the company and has the present right recover the debt. If the plaintiff cannot prove each of these elements, they will lose.
2. You have the right to defend and demand that the company or debt collector prove their case in court before you are subjected to a judgment against you. If they are unable to come up with the proof necessary to meet their burden they will lose the case.
3. You have the right to get information about the alleged account and Plaintiff's case through a legal process known as "discovery". For instance, if you agree that you had the account but are not sure what the balance is or should be, you have the right to examine all of the details of the account and the various transactions to determine for yourself how much you really owe, if anything, instead of relying on the bald allegations in the lawsuit. Additionally, this process allows you to determine how much proof the plaintiff really has so that you may evaluate the likelihood that it would be able to prove its case in court.
4. You have the right to force witnesses from the credit card company or debt buyer to come to court to testify and you have the right to cross-examine those witnesses. You may also call your own witnesses to testify on your behalf.
5. You have the right to object to or move to dismiss the plaintiff's complaint if it is legally insufficient or if the Court lacks jurisdiction over you.
6. You have the right to file a Motion for Summary Judgment if the plaintiff is unable to come up with enough proof to meet their burden.
7. You have the right to assert certain affirmative defenses such as the "Statute of Limitations". The Statute of Limitations is the period of time in which the plaintiff must file suit or forever lose their ability to legally prove their claim. These defenses must be raised by you in your response to the complaint or you will waive them. An attorney will help you determine if you have a valid legal defense to the case against you.
8. You have the right to attempt to negotiate a reasonable settlement of the account. If you set out to defend the case instead of ignoring it, you will be in a better bargaining position when it comes to settlement. This is because most plaintiffs do not want to have to go through the drawn out process of litigation and a trial if they can just be more reasonable with settlement. Ontrack Financial Group llc can help you negotiate a reasonable settlement that you can realistically afford if you legitimately owe the debt and the debt is legally enforceable.
