Dena Standley | March 03, 2023
Summary: Is Bull City Financial Solutions suing you for a debt? SoloSuit can help you take a stand and win in court.
Bull City Financial Solutions (BCFS) is a legitimate debt collection agency in North Carolina. It has been in business for over 47 years. They collect for companies in various industries, including government and municipalities, healthcare, education, utility, retail, and financial institutions.
A caring approach to helping consumers is the slogan for Bull City Financial Solutions. They boast of having a unique approach to debt collection, where they offer extensive consumer support. But do they keep their word? Have consumers suffered in their hands?
Yes, consumers have had plenty of bad experiences with BCFS. For instance, Consumer Financial Protection Bureau (CFPB) has listed 282 complaints against BCFS, and Better Business Bureau records 121 complaints ranging from:
Under the Fair Debt Collection Practices Act, you have the right to report BCFS to relevant authorities or take legal action if they use bad business practices to collect a debt. Consumers usually have multiple questions on how to go about dealing with BCFS. Today, we will answer four of the most common questions.
BCFS has a right to call requesting debt payment. But FDCPA limits these calls to only once a day for every debt. For example, if you have only one debt, you should expect one call. If you owe money to several creditors handled by BCFS, expect several calls for different debts. The next time they call you multiple times a day for the same debt:
If the debt is not yours or they gave you inaccurate debt figures, BCFS may stop contacting you once you send a Debt Validation Letter. The following video explains how to write one:
Yes, any debt entry from a legitimate debt collection agency will harm your credit score immediately. The amount of debt you owe determines 30% of your credit score.
In addition, the scoring does not only look at your debt balance but also the available credit left on your credit cards. Addressing a debt entry by BCFS will help improve your credit score. If BCFS is on your credit report, do the following:
It depends on the terms they offer you, the debt in question, your financial situation, and their answer to the Debt Validation Letter. BCFS may be willing to reduce the original debt to a certain percentage if you agree to pay the entire debt. Typically, BCFS contacts consumers requesting them to resume paying the debt—in addition to late fee charges accrued. In some situations, they may agree to a new payment plan if you explain your situation well.
Let's consider an example.
Example: Johnny and his family experienced financial hardship due to the COVID-19 pandemic, and he fell behind on his payments. In 2021, he found out he was being sued by BCFS for one of his credit card debts. Johnny used SoloSuit to respond to the lawsuit, buying himself time to work out a settlement plan. Next, Johnny utilized SoloSettle to negotiate a debt settlement with BCFS. In his initial offer, Johnny asked if they would settle for 50% of the original amount. Since Bull City Financial Solutions bought the debt for pennies on the dollar, they agreed to settle for 60%. With SoloSettle's help, Johnny was able to pay off the debt in a lump sum payment and save a significant amount of money in the end.
Ignoring Bull City Financial may result in BCFS entering your debt on your credit report (if they haven't already) and suing you to gain access to your bank account or garnish your wages.
It is better if you respond as described above and if the debt is legitimate, negotiate for a lower payment, then make plans to pay. When you receive a debt lawsuit from BCFS, you need to respond with an Answer, or they will be granted a default judgment, meaning they win the case.
If BCFS is taking you to court over a debt you owe, the first step to winning your case is to respond. You can use SoloSuit's free Answer form to respond to the lawsuit. Be sure to submit your Answer before the deadline, which is 14-35 days, depending on which state you live in. Remember, if you ignore the suit, a default judgment will most likely be entered against you which can lead to wage garnishment and other serious financial issues.
Follow these three tips to respond to your debt lawsuit against Bull City Financial Solutions:
Learn more about these three steps this video:
If you're nervous about going to court, you're not alone. Instead of risking losing your wages or having money taken from your bank account, you can also try filing a Motion to Compel Arbitration to force the case out of court and into an arbitrator's hands. You can also send a debt settlement offer on your own to see if the debt collector will accept a portion of the debt as a lump-sum payment. Both these options help you avoid going to court.
SoloSuit has helped hundreds of consumers deal with debt collectors using our professionally drafted legal documents. You have a chance to beat BCFS by customizing these documents to fit your needs and case.
This calculator is for educational purposes only.
SoloSuit makes it easy to fight debt collectors.
You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.
SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.
"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
You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now or are just looking for support, we're here for you.
>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate
>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)
Here's a list of guides for other states.
Being sued by a different debt collector? Were making guides on how to beat each one.
Is your credit card company suing you? Learn how you can beat each one.
Going to Court for Credit Card Debt — Key Tips
How to Negotiate Credit Card Debts
How to Settle a Credit Card Debt Lawsuit — Ultimate Guide
Need more info on statutes of limitations? Read our 50-state guide.
Why do debt collectors block their phone numbers?
How long do debt collectors take to respond to debt validation letters?
What are the biggest debt collector companies in the US?
Is Zombie Debt Still a Problem in 2019?
If a car is repossessed, do I still owe the debt?
Is Portfolio Recovery Associates Legit?
Is There a Judgment Against Me Without my Knowledge?
Should I File Bankruptcy Before or After a Judgment?
What is a default judgment?— What do I do?
Summoned to Court for Medical Bills — What Do I Do?
What Happens If Someone Sues You and You Have No Money?
What Happens If You Never Answer Debt Collectors?
What Happens When a Debt Is Sold to a Collection Agency
What is a Stipulated Judgment?
What is the Deadline for a Defendants Answer to Avoid a Default Judgment?
Can a Judgement Creditor Take my Car?
Can I Settle a Debt After Being Served?
Can You Appeal a Default Judgement?
Do I Need a Debt Collection Defense Attorney?
Do I Need a Payday Loans Lawyer?
Do student loans go away after 7 years? — Student Loan Debt Guide
Am I Responsible for My Spouses Medical Debt?
Should I Marry Someone With Debt?
Can a Debt Collector Leave a Voicemail?
How Does Debt Assignment Work?
What Happens If a Defendant Does Not Pay a Judgment?
How Does Debt Assignment Work?
Can You Serve Someone with a Collections Lawsuit at Their Work?
How Many Times Can a Judgment be Renewed in Oklahoma?
Does Debt Consolidation Have Risks?
What Happens If You Avoid Getting Served Court Papers?
Does Student Debt Die With You?
Can Debt Collectors Call You at Work in Texas?
How Much Do You Have to Be in Debt to File for Chapter 7?
What Is the Statute of Limitations on Debt in Washington?
How Long Does a Judgment Last?
Can Private Disability Payments Be Garnished?
Can Debt Collectors Call From Local Numbers?
Does the Fair Credit Reporting Act Work in Florida?
The Truth: Should You Never Pay a Debt Collection Agency?
Should You Communicate with a Debt Collector in Writing or by Telephone?
What Happens After a Motion for Default Is Filed?
Can a Process Server Leave a Summons Taped to My Door?
Need help managing your finances? Check out these resources.
How to Make a Debt Validation Letter - The Ultimate Guide
How to Make a Motion to Compel Arbitration Without an Attorney
How to Stop Wage Garnishment — Everything You Need to Know
How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)
Defending Yourself in Court Against a Debt Collector
Tips on you can to file an FDCPA lawsuit against a debt collection agency
Advice on how to answer a summons for debt collection.
Effective strategies for how to get back on track after a debt lawsuit
New Hampshire Statute of Limitations on Debt
Sample Cease and Desist Letter Against Debt Collectors
The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah
West Virginia Statute of Limitations on Debt
What debt collectors cannot do — FDCPA explained
Defending Yourself in Court Against Debt Collector
Arkansas Statute of Limitations on Debt
Youre Drowning in Debt — Heres How to Swim
Help! Im Being Sued by My Debt Collector
How to Make a Motion to Vacate Judgment
How to Answer Summons for Debt Collection in Vermont
North Dakota Statute of Limitations on Debt
ClearPoint Debt Management Review
Indiana Statute of Limitations on Debt
Oregon Eviction Laws - What They Say
CuraDebt Debt Settlement Review
How to Write a Re-Aging Debt Letter
How to Appear in Court by Phone
How to Use the Doctrine of Unclean Hands
Debt Consolidation in Eugene, Oregon
Summoned to Court for Medical Bills? What to Do Next
How to Make a Debt Settlement Agreement
Received a 3-Day Eviction Notice? Heres What to Do
How to Answer a Lawsuit for Debt Collection
Tips for Leaving the Country With Unpaid Credit Card Debt
Kansas Statute of Limitations on Debt Collection
How to File in Small Claims Court in Iowa
How to File a Civil Answer in Kings County Supreme Court
Roseland Associates Debt Consolidation Review
Do Debt Collectors Ever Give Up?
Can They Garnish Your Wages for Credit Card Debt?
How Often Do Credit Card Companies Sue for Non-Payment?
How Long Does a Judgement Last?
How Long Before a Creditor Can Garnish Wages?
How to Beat a Bill Collector in Court