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Debt Collectors Are Suing More and Winning: Why You Should Never Ignore a Summons
Description
In today’s episode, Ralph Estep Jr. and Juliet focus on why debt collectors are suing more people and winning, and what to do the moment a summons arrives.
In This Episode
✓ Debt collectors are suing more, and 3 in 4 cases end in a default judgment
✓ A $600 deposit from a former employer: whose money is it?
✓ Every $100 in minimum payments cuts thousands off what a lender will approve
✓ Side hustle pitfalls: separate accounts, a tax jar, real pricing, boundaries, and paperwork
✓ Roth vs. traditional IRA: pay tax now or pay it later
✓ Money move: check your beneficiaries
If you’ve ever ignored an official-looking envelope, this episode gives you plenty to think about.
Resources
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Companies Mentioned
Encore
Portfolio Recovery Associates
Chase
MarketWatch
Quicken Simplifi
LawDepot
KingSumo
Tupperware
Avon
Google Meet
Zillow
TikTok