January 14, 2021
Summary: If you've been sued for a debt by Capital One, use SoloSuit to respond in just 15 minutes and win your lawsuit.
The ancient biblical story of David and Goliath tells you all that you need know about the dynamics that exist when a massive financial company like Capital One sues you in court. The huge financial Goliath doing battle with you, a single individual just like David, makes you fear that there is no chance that you could ever win. But, think again.
Remember, David won the battle with Goliath!
Let that be the lesson you take into your lawsuit battle with Capital One. Here are few preliminary things you need to know if you have been sued by Capital One. First, you should never ignore a lawsuit filed against you. If you fail to respond, then that gives Capital One the opening to obtain a legal judgment against you. With that legal judgment, Capital One can make your life even more difficult by trying to garnish your wages or freeze your bank accounts.
Second, if you respond to a lawsuit from Capital One, then there is a high likelihood that you can walk away without having to pay anything. Indeed, Capital One is just like Goliath in that it is so huge that it cannot get out of its own way. When a single person who owes credit card debt – we'll call him David – turns and demands that Capital One prove its case, more often than not the company does not have sufficient documentation to do so, or it simply does not show up to court. If that happens, you win! The key is to simply respond to the lawsuit in the first place.
Accordingly, in this article, we will discuss some basics about Capital One, and then talk about how easy it is – even if you never dealt with a lawsuit before – to respond to a debt collection lawsuit filed by Capital One.
If, after reading this article, you have more questions about how you can fight back against Capital One, contact us at SoloSuit. Our mission at SoloSuit is to give consumers the tools they need to push back against credit card companies like Capital One that try to take advantage of credit card holders.
If you have never heard the commercial tagline: “What's in your wallet?” then you have probably been in a coma for the last two decades. Back in 1994, Capital One was created out of other older financial companies with a single product in mind – credit cards, a relatively risky strategy. From that moment on, Capital One inundated the market with commercial advertisements for its credit card services. Now, Capital One's holding company, Capital One Financial Corporation, is on the list of the largest banks in the United States.
Capital One differs from other credit card companies in one respect. While most credit card companies will sell their defaulted (i.e., unpaid with balance due) accounts to a smaller company that focuses on debt collection specifically, Capital One sometimes keeps the account and issues a lawsuit itself. That is why, if you have an unpaid balance on your credit card that has been around for a few months, Capital One will sue you directly.
The way to win against Capital One starts with an Answer to Capital One's Complaint. Now, responding to a lawsuit with an Answer is not that difficult, but it can be overwhelming for someone who has never done it before. That is where SoloSuit comes into play. Just think of SoloSuit as your own personal “slingshot” that will help beat the mighty Goliath that is Capital One.
With the help of SoloSuit, you can easily create, write, and file your Answer in court against Capital One within the time allotted. All you need to do is go to solosuit.com, and you can quickly begin the process.
That said, there are a few simple rules you should keep in mind when fashioning your Answer to the Capital One Complaint.
Overall, even if you do owe Capital One money, that is not a reason to ignore the lawsuit. Rather, you should engage with the suit by responding, and then you can either get the case dismissed entirely because Capital One can't prove its case, or at the very least, you can negotiate a reasonable resolution.
We cannot emphasize enough that dealing with the lawsuit now with the help of SoloSuit will save you lots of headaches with regard to wage garnishment, a damaged credit rating, and other problems down the road if you ignore the lawsuit.
SoloSuit makes it easy to respond to a debt collection lawsuit.
How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.
"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James
Here's a list of guides for other states.
Being sued by a different debt collector? We're making guides on how to beat each one.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.