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No Assets: Why is the Creditor Wasting Time Suing Me in a Collections Lawsuit?

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Many folks out there today are being sued by creditors and collections agencies, despite a low income and a high debt ratio. They may have fallen into trouble when sick, with medical bills suddenly overwhelming every part of their lives. Struggling through an illness while having to stress about money is among the toughest experiences a person has to endure.

Once you have become late on your bills, the collections agencies will be unleashed—often after your account is sold to them (probably along with a large volume of other accounts too) upon being charged off. Some may just call you endlessly, but others may be prone to suing, no matter your financial status. While some may examine your finances as much as they can and calculate whether they think you are a good risk for wasting legal time on, others may forge ahead counting on getting a default judgment and recouping some or all the debt. Some of these collection agencies may buy your debt with little to no information about you—and that may be their weak point in court if you decide to fight and your attorney asks for documentation of the account in question from beginning to end.

While there may be no rhyme or reason as to why some creditors or collections agencies will decide to sue you, consult with a collections lawsuit attorney as soon as you receive a summons and complaint. This can help you fend off a default judgment, which is where the plaintiff may hope to get their money back. Although you may not have any assets, you may have a job, you may some money in a checking account, and you could even have a couple of pieces of property of valued possessions they could sell at auction to satisfy the debt. If a judgment is granted (and without a response, you can be fairly assured this will happen), the creditor can begin threatening all that we have just mentioned.

Even if a default or court judgment is granted, all is not lost. This can be reversed in working with your attorney to explain to the judge why you were not able to reply, and then go on to fight the original lawsuit. Filing for bankruptcy may also be your best option as all unsecured debts are discharged within three to six months, including collections lawsuits and judgments.

Speak with an attorney from Fitzgerald & Campbell, APLC as soon as possible to examine your options. Our attorneys have decades of experience in serving clients as they navigate through challenging financial situations, to include student loan issues, bankruptcy, and other debt management processes. We are here to help! Click here to schedule a free 30-minute consultation, call us at (844) 431-3851, or email us at

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