U.S.consumers are $18.7 billion dollars behind on their credit card debt. Increasingly, banks are taking delinquent borrowers to court, suing them for payment. Often, these borrowers never show up in court to contest the charges. This can be a big mistake, especially because the documents submitted to the court frequently include costly errors. Failure to Act Has Consequences When a debtor fails to contest credit card charges or show up in court, the bank or collection agency wins the …
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