Sued by Harvest Credit Management LLC?
Why did Harvest Credit Management LLC file a lawsuit against me?
Harvest Credit Management LLC is a debt buyer. Harvest Credit Management LLC sues consumers that default on balances that they purchased for pennies on the dollar. They make money by collecting more than they paid for the debt. They are counting on the fact that you will not respond or show up to court. If you do not then they may take a default judgment against you. In Oklahoma, a judgment can be aggressively collected for ten (10) years and even longer if they keep renewing the judgment. This gives Harvest Credit Management LLC a long time in which to come after you. Many consumers think that a judgment is just a worthless piece of paper. They think that they can not be forced to pay in Oklahoma. They are wrong.
Harvest Credit Management LLC, after they take a judgment against you, can
- Go after your paycheck taking a potion of it until paid in full. Learn more about Oklahoma Wage Garnishment
- Freeze and take money from your bank accounts. Learn more about Oklahoma Bank Levy
- Hinder they sale of your property until a settlement is made. Learn more about Oklahoma Judgment Settlement
- Force the sale of unprotected assets like a home, cars, jewelry.
What are my options when being sued by Harvest Credit Management LLC?
If you have been sued then you need to answer the lawsuit. Participants in the system often have a better outcome than those that do nothing. Some of the options that you have are to:
- Attempt to Negotiate a settlement with Harvest Credit Management LLC before the answer is due. Many consumers recognize they may owe a debt and choose to attempt to settle the debt before an answer is due to the court. Harvest Credit Management LLC is often receptive to a quick settlement rather than spending more time and money in a lawsuit. Even if they can provide some of the documentation to the court, there is always a chance they could lose.
- Answer the Lawsuit filed by Harvest Credit Management LLC. Even if a consumer thinks they owe a debt it is still up to Harvest Credit Management LLC to prove that they own the debt, have the right to file suit, and have enough documentation to prove a debt is owed. They may not be able to successfully produce all required documentation when challenged.
- Do nothing. Many people decide to do nothing for lack of funds or fear of what can happen. Harvest Credit Management LLC may take a judgment against them and then ultimately have their bank accounts frozen (bank garnishment). Judgments in Oklahoma are good for 10 years initially and they carry a minimum interest of 10%. The amount of an unresolved judgment can significantly increase over time.
- Seek bankruptcy protection. Our law firm does help clients file bankruptcy. If you are interested in seeing if bankruptcy is right for you visit our site Oklahoma Bankruptcy Attorney
The best time to take care of a lawsuit is NOW. It can potentially get more costly and worse.
Cost to resolve Harvest Credit Management LLC lawsuit
$2k or less
- 3 Month Payment Plan Allowed
$2k to $5k
- 4 Month Payment Plan Allowed
$5k to $8k
- 5 Month Payment Plan Allowed
$8k to $11k
- 6 Month Payment Plan Allowed
$11k to $20k
- 8 Month Payment Plan Allowed
- Payment Plan Allowed
What happens if I do not answer the lawsuit?
Many choose not to answer a Harvest Credit Management LLC lawsuit. In that case, a defendant (you) can expect to:
- Possibly lose the court case.
- Receive a default judgment In Oklahoma judgments automatically are good for 20 years. They can renew the judgment and it can stay in public records for a long time. A judgment can prevent you from purchasing homes and cars and an employer may deny employment. Judgments do keep increasing in value. They carry a state minimum interest rate that judgment creditors often calculate.
- Garnish bank accounts A judgment creditor may be able to garnish your bank account and take the money you do keep in it. Many are forced into closing their bank accounts and converting all payments to cash.
- Possibly be denied loans and employment A judgment can prevent you from purchasing homes and cars and an employer may deny employment.