Sued By Security Credit Services LLC for Debt?
- Author: Mike Weston
- Last Modified: January 8, 2025
Who is Security Credit Services LLC?
We are a law firm that fights Security Credit Services Lawsuits
Security Credit Services is a debt buyer of charged off debt. They focus on filing debt collection against consumers. Security Credit may be showing up on your credit report or they may have served you with a lawsuit. Security Credit Services files thousands of debt collection lawsuits each year against consumers. Security Credit Services will hire a local collection attorney to file the lawsuit.
Security Credit is a debt collector and they will rely on witness testimony in a “business record affidavit” when trying to prove their case against you. It is important to fully understand the rules of evidence when attacking these affidavits and any documents attached. If you have recently been served with a Security Credit Services lawsuit then you should take action to protect yourself. They must provide adequate documentation from the original creditor when they sue you for debt.
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Have You Been Served with a Lawsuit Filed by Security Credit Services LLC?
Security Credit purchases old debts from other companies. For example, if you defaulted on a credit card bill, the credit card company probably tried to collect the debt and turned the account over to a collection company before charging off the account. It has been years since you heard from the credit card company but now you are receiving calls from another company stating you owe them the money for the credit card account.
Security Credit Services paid the credit card company pennies on the dollar for what you owed on the account to purchase the debt. Security Credit makes money by collecting the full amount owed on the account from you, including fees and costs that it typically adds to the account, because it only had to pay a fraction of what you owed to purchase the account. Security Credit buys thousands of charged-off debts throughout the country each year.
Defending Security Credit Services LLC Debt Collection Lawsuits
Don’t Ignore the Lawsuit Papers
Ignoring a debt collection lawsuit will result in a default judgment against you, potentially leading to garnishment of your bank account or wages, depending on state laws. This is far more serious than a simple collection letter. It’s a court process that could give Security Credit Services the power to seize some of your assets or place a lien on your property. A debt lawsuit is much more critical than just having a negative mark on your credit report. A low credit score is not nearly as severe as a default judgment for not responding to a debt collection lawsuit. You must have a debt collection defense strategy.
Retain an Attorney on a Fixed Fee
When Security Credit Services takes legal action against you, navigating the court process for a debt claim can be complicated. Getting legal advice is crucial. Additionally, you will likely need to appear in court one or more times. If you hire an attorney, they can often appear on your behalf. Opt for an attorney who charges a flat fee to avoid the potentially high costs of hourly billing. Being a defendant in a debt collection lawsuit is not an enjoyable experience, and knowing the fixed cost of legal representation can help alleviate some stress.
File a Response to the Complaint
When you are sued by a plaintiff debt buyer like Security Credit Services on an alleged debt, You must respond to the lawsuit by filing an answer with the court within the specified deadline (usually 14-30 days from service). The deadline varies depending on what Court the case was filed in. In your answer, you generally must deny the allegations of Security Credit Services or you will admit the debt.
List Defenses
A Security Credit Services lawsuit requires a response, just like any lawsuit for bad debt. In your answer, you can also assert any valid defenses you may have, such as disputing the debt’s accuracy, claiming the debt is past the statute of limitations, or arguing that you’re not the responsible party. As the defendant, you must properly assert your defenses. Security Credit Services t may not be able to show adequate documentation from the original creditor. If so, you need to explain this to the judge as the defendant.
Attend Court Hearings (or hire an attorney)
When legal action has been taken against you by a debt buyer for credit card debt, the Court will likely set deadlines and hearings in your case. Make sure to attend all scheduled hearings and proceedings and handle all deadlines. This is another reason why it is wise to hire an attorney who focuses on debt lawsuit defense. Getting legal advice regarding consumer protection can go a long way in defending against a debt collector in a debt collection case.
Comply with Court Orders
Follow any court orders or rulings. Failure to do so can result in additional legal consequences. This is different from the debt collection laws that creditors must follow prior to the debt collection lawsuit being filed. You must read every order carefully and also search for any specific local rules of the Court.
Prepare for Trial
A debt collection lawsuit often ends up in trial. If negotiations fail and the case goes to trial, work with your attorney to prepare a strong defense and gather evidence to support your position. This is why it’s important to get sound legal advice when faced with a debt collection lawsuit filed by a debt collection agency like Security Credit Services Many times they have not provided adequate documentation from the original creditor. When they buy debt as a debt buyer they are required to provide some documentation at trial.
Negotiate a Settlement
Security Credit Services lawsuits are serious if you don’t handle them correctly. Your attorney may be able to negotiate a favorable settlement of the claim as opposed to leaving it up to the judge at trial. This is often a wise resolution to eliminate the risks of trial but you must make sure there is a valid written settlement agreement to ensure the bad debt is actually resolved. The last thing you want is to settle then have Security Credit Services come after you later claiming more unpaid debt.
What Happens With a Judgment?
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Most of our cases are dismissed by the creditor prior to trial or we reach a favorable settlement for our clients depending on the circumstances of their situation.
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Mike Weston is a seasoned debt lawsuit defense attorney and founder of Weston Legal. Since 2005, Mike has devoted his career to compassionately helping consumers struggling with issues involving their personal and business debts. Mike is grateful to have been able to help tens of thousands of clients become empowered with knowledge on the path to financial stability.
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