George Simons | July 21, 2022
Summary: You've been sued by Waypoint Resource Group. What will you do now? Never fear, SoloSuit is here!
Debt collection lawsuits often come by surprise. You're caught totally unaware, and now you find yourself in the middle of a lawsuit. You have no idea how to proceed. After all, you don't know what to do when sued by Waypoint Resource Group.
Don't panic! Contrary to popular belief, you don't need a lawyer for a debt collection lawsuit. If you choose to represent yourself though, you'll have your work cut out for you.
SoloSuit is here to help. If you're the victim of a Waypoint Resource Group debt collection lawsuit, we have the resources you need to help win your case.
Waypoint Resource Group is a third-party debt collector. That's a fancy way of saying that they chase down money for other people. Likely, you've never heard of Waypoint Resource Group before. You never borrowed any money from them. Why are they coming after you?
There are two possible reasons. First, the original lender hired Waypoint Resource Group to collect the debt. Waypoint Resource Group gets a commission from the original lender if they succeed.
Second, Waypoint Resource Group may have bought your debt outright. As a collection agency, the company can buy debt from its original lender at a huge discount. We're talking pennies on the dollar. This means that the debt isn't a total loss for the original lender. Additionally, since Waypoint Resource Group bought the debt at such a discounted rate, they can make a significant profit.
All debt collection lawsuits have some common language and procedures. To defend yourself, you'll need to brush up on some of your basic “legalese.”
In this case, Waypoint Resource Group is the creditor. That makes you the defendant.
If Waypoint Resource Group is suing you, it's time to act. Every debt collection lawsuit starts with one document: the Complaint. If you've already received the Complaint, the clock is already ticking. In most jurisdictions, you must reply within 14-30 days.
In the Complaint, Waypoint Resource Group will tell you how much money you owe. They should also submit documents showing the ownership of the debt, giving them the right to collect it.
You'll need to read the Complaint and draft a reply stating why you don't owe them the money in question.
Wondering how to respond to a Complaint? It can be a little tricky. You need to file a document called an “Answer” with the court. This document will outline your defenses (the reasons you're not responsible for the debt).
Acceptable defenses include:
Don't bother trying to make excuses in your Answer - they won't work. The court isn't interested in why you can't pay your debt. They're just here to decide if you owe it in the first place.
What's the best possible outcome of a debt collection lawsuit? You win, of course! If Waypoint Resource Group fails to prove that you owe the debt, the court will rule in your favor.
But if you lose, Waypoint Resource Group has an arsenal of debt-collecting weapons at their disposal. Their two mainstays are court orders called garnishments and liens. These tools help them extract money from debtors.
Both liens and garnishments are a serious threat to your wealth. They can financially cripple a defendant for years until their debt is finally paid. The best way to avoid these outcomes? Make sure you Answer Waypoint Resource Group's Complaint!
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.