Consumer Debt Defense-

There has been a significant increase in the number of consumer credit litigation in Ohio.  Are you being sued by LVNV Funding, LLC; Capital One, CitiBank, or Discover.  Many consumers have turned to debt relief organizations.  These organizations attempt to negotiate a settlement with your creditors.  If they are unsuccessful in negotiating a settlement, then it is likely that you will have a lawsuit to defend.

Most consumers believe that they have very few defenses.  However, R.C> 1343.03 places a limit on the rate of interest that the credit card companies can charge.  The credit card companies will assert that by using the credit card and retaining the benefits of the credit card, the consumer has become obligated to perform pursuant to the credit card agreement.  However, Ohio has a maximum rate of interest that can be charged in the absence of a written contract signed by the consumer.  The consumer must execute a written agreement in which the consumer agrees to pay interest in excess of the statutory maximum rate.  The consumer must also execute a written agreement in which the consumer agrees to pay compounded interest.

The longer that you have had the credit card account and the more payments that  yoou have made on the account, the more likely that your account balance has been improperly calculated.

Do not allow yourself to agree to unreasonable repayment terms.  More importantly,  do not allow a default judgment to be rendered against you.

If you have been sued by your credit card company there is a good chance that your accouunt balance has been miscalculated and you can save thousands on the balance due.