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Sued by Equable Ascent Financial - How to Win

George Simons | December 07, 2023

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: Sued by Equable Ascent Financial? Here's how to respond fast and win your case with SoloSuit.

Do you have any idea what you would do if you were being sued? It happens every day. But if it were to happen to you, what steps would you take? Know that our legal system affords you basic legal rights in this process. But what if you are sued by a company that is no longer in business?

We realize that being served with a summons and being named in a lawsuit can be a disturbing event. The key is keeping your wits about you. You see, time is of the essence. What is the best way to settle the lien with Equable Ascent Financial since they've gone out of business?

Where to start? Your job now is to arm yourself with as much information about Equable Ascent Financial LLC as you can. The fact that they are no longer in business just makes it that much more difficult.

Who was Equable Ascent Financial LLC?

Equable Ascent Financial LLC was a debt buyer located in Buffalo Grove, Illinois, and was a Delaware corporation. Aggressive in the pursuit of the debt they purchased, they filed many lawsuits in attempts to collect account balances or secure default judgments.

As a debt buyer, Equable Ascent Financial was not the original creditor. If they secured a judgment against you they may have placed a lien on any personal property you may own. Should this be the case you can structure a legal strategy to file a motion to avoid judicial lien to put an end to your case. Working on this strategy is paramount.

File a response with SoloSuit and win your case.

Because debt buyers buy older debt that, in most cases, was already charged off, the likelihood of obtaining original debt paperwork is slim. So, consumers should understand that while it may seem like an uphill climb, gathering information about their particular situation is critically important.

So, because they purchased an account that was charged off, the chance is very good that the consumer hasn't been contacted in some time. If in addition to that, you might have ignored a summons or didn't realize that Equable Ascent filed a Complaint against you.

That could very well be the reason you may have not been aware that Equable Ascent secured a judgment. Since Equable is no longer in business, they may have sold the judgment. Much like the companies they once bought from, Equable Ascent Financial could very well have sold the judgment they secured to another debt buyer.

This new debt buyer can then take actions to attempt to collect on the judgment or may have already done so. If that is the situation, then the owner of the judgment can now take the following actions against you:

Don't let this happen to you!

Stop debt collectors from filing for liens and wage garnishment with SoloSuit!

What Tools are at Your Disposal?

Perhaps the best tool available to you is SoloSuit. They can provide answers or direct you to where you can obtain the answers you need if you need to know how to get Equable Ascent Financial off Equifax or any other credit report.

The resources that are at your fingertips at SoloSuit are innumerable. You can contact them directly and get the information and answers you need. If your wages are being garnished, they can provide help.

Should there be a lien on any of your personal property, you can determine the best course of action that serves your best interests.

How Can SoloSuit Help?

The reason SoloSuit was developed was to help people just like you. With our resources, you can get the information in a step by step manner. You don't need to be a legal scholar to understand and implement the guidance you receive. However, you ought to know where to go for the help that is designed for someone like you.

SoloSuit can answer your questions and put you on the path to successfully dealing with your debt issues head-on. Developed at the BYU Law School, SoloSuit can help people address and resolve their debt. You can even take a free course on personal financial management.

Let SoloSuit file responses to debt collectors for you.

It's been said that the smartest person in the room may not have all the answers. But that person knows where to go to get the answers. That's where you need to be when you find yourself in the situation with Equable Ascent Financial. Now that you found SoloSuit that is half the battle. This is a critical situation and you need to be proactive. You don't need a law degree. You don't need to be a member of your state bar. You need to be able to answer questions about your specific situation. You need to communicate with SoloSuit. After that, you realize you are not alone. People and services are here to help. Ultimately, in this critical time, you can get the help you need to make the best, most informed decision.

This is why SoloSuit is here. To help you. Most importantly, during this scary yet important event, you can get the help you need to choose the right action for you. Because the mission of SoloSuit is simple. They were established to help everyday people. The folks that find that they are one of about 10 million Americans who are sued for a debt.

Of these people who are sued, over 90% of them lose by default because they just don't know what to do. Information is power and SoloSuit is the place that contains invaluable information to help you decide what to do if you find yourself in this unenviable position. Companies like Equable Ascent when they were operating counted on uninformed consumers. Stop that cycle and become aware of the actions and steps you can take.

What is SoloSuit?

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.

Respond with SoloSuit

"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

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>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance

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Not sued yet?

Use our Debt Validation Letter.

Out Debt Validation Letter is the best way to respond to a collection letter. Many debt collectors will simply give up after receiving it.

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"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather

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