Felix Salmon, a blogger for Reuters, suggests that all consumers should contest credit-card lawsuits.
His advice has moments of validity: as we’ve seen with Bank of America and its credit card arm, creditors can often coerce collection agencies into pursuing debts that aren’t valid — placing the collection agency into more peril than Bank of America thought it would be in itself.
If the debt actually isn’t valid, then it makes sense for a consumer to contest a lawsuit.
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