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How to Settle Debt With Target National Bank

George Simons | February 01, 2025

Fact-checked by Patrick Austin, J.D.

Patrick Austin
Attorney from George Mason
Patrick Austin, JD

Patrick Austin is a licensed attorney with a background in data privacy and information security law. Patrick received his law degree at George Mason University's Antonin Scalia Law School, where he served as the Editor-in-Chief for the National Security Law Journal.

George Simons
Co-Founder of SoloSuit
George Simons, JD/MBA

George Simons is the co-founder and CEO of SoloSuit. He has helped Americans protect over $1 billion from predatory debt lawsuits. George graduated from BYU Law school in 2020 with a JD-MBA. In his spare time, George likes to cook, because he likes to eat.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: If you've been sued for a debt by Target National Bank, file a written Answer to prevent a default judgment and use Solo to respond effectively, negotiate, and resolve your debt issue.

Getting sued can be scary. But, just take a breath and remember that you do not have to take a debt collection lawsuit lying down. If you have received a lawsuit from Target National Bank, you should not ignore it in the hopes that it will go away. That is a recipe for disaster and could be worse for your credit and your financial future. Rather, you should read on and learn how you can effectively respond to the lawsuit and your options for resolving the debt issue.

At Solo, we have helped many individual credit card holders effectively and efficiently resolve a debt collection lawsuit, and we can do the same for you. Accordingly, in this article, we will talk about who Target National Bank is, and then we will give you tips on how to engage with them.

If, after reading this article, you have more questions about your own individual circumstances, then contact us at Solo. Our mission is to give consumers the tools they need to effectively communicate with credit card companies like Target National Bank that pursue credit card holders who may owe a debt.

Settle debt with Target National Bank

You can negotiate debt settlement at any stage of the collections process. SoloSettle makes it easy.

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What is Target National Bank?

Target National Bank was founded in 1994 when it was called Retailers National Bank. It became Target National Bank in 2004. The company was the primary issuer and servicer for the Target Red Card (the credit card for Target stores), and the Target Card Visa (a standard Visa rewards card with the Target logo).

This means Target National Banks initiates the debt collection process when Target customers fail to pay their Target Red Card and/or Target Visa Card.

Importantly, in 2013, TD Bank USA acquired Target National Bank. This is significant because TD Bank USA is known for actively collecting debts when its borrowers fall behind on payments. In short, even if Target National Bank is the plaintiff named in the lawsuit against you, TD Bank USA is typically the company behind the lawsuit.

Read online reviews of Target National Bank

Want to know what other Target customers have said about their interactions with Target National Bank? If so, check out these online reviews:

Despite the online reviews of Target National Bank being a mixed bag, this should not deter you from communicating with the debt collector to try and resolve your debt issue. Generally speaking, debt collectors are willing to work with people to address a debt collection issue.

If you have concerns about engaging with the debt collector on your own, do not fret. You can actually use SoloSettle to negotiate online and resolve your debt through our cutting-edge digital settlement platform.

Settle your debt with Target National Bank

In a debt collection matter, the primary objective of Target National Bank is to close accounts as effectively as possible while collecting a timely payment. This is why a debt collector will be open to helping you get back on track if your account is in pre-collection status. If you owe a large debt, Target National Banks may be open to negotiating a payment plan or a lump sum payoff as an option.

You can negotiate on your own, but dealing with a debt collector can be stressful. This is why it makes sense for you to consider using SoloSettle. With our online platform, you can be sure that all the necessary legal language is included in your debt settlement offers. SoloSettle's software sends and receives debt settlement offers until an agreement is reached between you and Target National Bank.

Check out the following video where we interview Yale Levy, a former debt collection attorney and president of the National Creditors Bar Associate, to learn more about how you can settle your debt:

How to respond when Target National Bank sues

You need to remember that a complaint filed against you is not a finding of guilt, or a statement that you definitely owe the amount stated in the complaint. Rather, a complaint is merely a way to kick off a lawsuit. Once you receive that opening volley, the ball is in your court, and you should respond. Here are the three things you need to keep in mind in order to respond:

  1. You Need to File an “Answer.” The response to any complaint is a document called an “answer.” The answer does not need to be long, and it certainly is not a place where you write a long narrative about whether you owe the money, or that you are in dire financial straits. Rather, the answer is where you indicate whether you “admit” or “deny” each of the numbered paragraphs in complaint, that's it. Also, make sure that you file your answer before the deadline, which is usually 10 to 30 days depending upon your state. If you do not answer in time, Target National (or TD Bank USA) will obtain a default judgment against you, which means it can seek to garnish your wages or do other intrusive things.
  2. Ask Them to Prove Their Case. It is not uncommon to have a case of mistaken identity when it comes to debt collection lawsuits. And even if you believe that you owe some money to Target National Bank, it is not uncommon for debt collectors to overreach and sue for an amount that they cannot prove. Indeed, many times, debt collectors are not able to provide the necessary documentation to prove their case. By answering the lawsuit and asking for that necessary documentation, you can take advantage of Target National's lack of preparation.
  3. Did They File Too Late? One thing to always keep in mind with debt collection lawsuits is whether the statute of limitations -- the time period when a debt collector can sue -- has run out. The limitations period varies from state to state, but you would be wise to list a violation of the statute of limitations as one of your “affirmative defenses” in your answer.

The key in your response to Target National Bank is to keep in mind that companies like Target National Bank know that 90% of the consumers they sue never show up to court. Thus, when you answer the lawsuit, showing that you are ready to go to court, Target National Bank may be more amenable to resolving the debt collection matter through a negotiated settlement.

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