s JPMorgan Chase Bank, N.A. suing you over defaulted credit card debt? We understand you may not know what to do or how to defend yourself. Many people ignore collection lawsuits due to lack of funds, fear, or not understanding the potential consequences of ignoring them. It is worth exploring your legal options because you may have more options than you think to resolve the case. Below, we discuss what you can do if facing a Chase credit card lawsuit in Texas.
Who Is JPMorgan Chase Bank, N.A.?
JPMorgan Chase Bank, N.A. is the largest bank in the United States and a subsidiary of the global financial services company JPMorgan Chase & Co. It provides various financial services, but if you bank with it or have a credit card through it, you may know it as Chase Bank or Chase. It is also known as JPMorgan Chase.
Does Chase Sue for Credit Card Debt?
Yes, Chase Bank may sue for credit card debt if a minimum payment has not been made on the account in several months. Generally, after 180 days, a creditor will mark the account as default. Then it may pursue the debt through litigation or sell the account to a debt buyer.
Remember that if Chase is suing you for defaulted credit card debt, the plaintiff in the lawsuit is JPMorgan Chase Bank, N.A.
Who Represents JPMorgan Chase Bank?
Rather than sell its defaulted accounts, JPMorgan Chase hires debt collection law firms to pursue debts from consumers. It works with the law firms Moss Law Firm and Scott & Associates for its Texas cases.
Our firm has put together articles about what you can expect if you are up against Moss Law Firm or Scott & Associates.
What to Do Right After You Receive Notice of a Chase Credit Card Lawsuit
If you have received a summons from JPMorgan Chase, we recommend contacting a debt collection defense attorney as soon as possible. You have rights and protections under the law, and you may have strong legal options to defend yourself. However, first, you need to file a response to the lawsuit, known as your Answer.
Warren & Migliaccio has a guide to responding to a credit card debt lawsuit in Texas. Our guide can help you understand the process. However, we recommend working with an attorney to ensure your Answer is without error and filed correctly and on time.
You will likely lose the case by default if you do not contest or challenge the lawsuit. Responding to the lawsuit stops the court from entering a default judgment against you. A default judgment would grant JPMorgan Chase the total amount requested in its lawsuit.
It would be able to use a variety of means to recover the money, including:
- Bank garnishment
- Property liens
- Property seizure
Additionally, the judgment would likely show up on your credit report, hurting your credit score and affecting your chances of securing a loan or credit in the future.
In addition to stopping a default judgment, filing an Answer requires JPMorgan Chase to provide evidence that you owe the debt. It may not have sufficient evidence to prove its case.
What If There Is Already a Judgment Against Me?
Has the court handling your case already entered a judgment against you? Do not give up. You may still have options available to appeal the judgment or resolve it in a way that better works for you. Consider discussing your situation with a debt defense attorney from our firm.
Why Should I Contact an Experienced Debt Defense Attorney?
You have a better chance of reaching a favorable outcome in your case when you work with an attorney. Ignoring the lawsuit, mistakes in your response, and representing yourself in court can all hurt your case and may result in an unfair judgment.
Warren & Migliaccio has significant experience and success representing Texans in debt collection defense cases. We have firsthand experience with these creditors and the law firms they hire for their lawsuits. We know the collection and litigation tactics they use against consumers. And we know the ins and outs of Texas and federal law and how to apply them to your case.
We can develop a legal strategy for your case based on its unique circumstances, an investigation of JPMorgan Chase Bank’s claims, and your best interests. Potential outcomes for your case may include the following:
- Winning the case. Depending on your situation, you may be able to win the case in court. A few strong defenses in a debt collection lawsuit could even result in a case dismissal. For example, an expired statute of limitations or a case of stolen or mistaken identity could get it dismissed.
- Settlement. We have a history of helping our clients reach settlements with creditors less than the amount listed in the lawsuits. We may recommend settlement negotiations if Chase has sufficient evidence to show it has the right to collect from you.
- Alternative debt resolution. You may be able to discharge part or all of the credit card debt through bankruptcy, depending on your financial situation. We can help you explore bankruptcy as a potential option if the debt is too much to handle.
When you work with our debt defense lawyers, we are by your side until we help you resolve your case. Schedule a confidential consultation with us to discuss your situation and potential legal options for your case.
Contact Warren & Migliaccio to Discuss Your Potential Legal Options
Our North Texas debt defense attorneys assist Texans facing debt collection lawsuits filed by creditors and debt buyers. With offices located in Dallas and Richardson, our attorneys serve individuals across the state of Texas.
We encourage you to set up a confidential consultation with our team to discuss your situation. We can review your case, answer your questions, and determine how we can help you resolve your issue. Call our office or contact us online to get started.