George Simons | October 19, 2022
Summary: Security Credit Services is a debt collection agency that specializes in purchasing old debts and aggressively collecting them. If you've been sued for a debt by SCS, you have up to 35 days to respond before you lose by default. Use SoloSuit to draft and file your Answer and win in court.
If you were served with a lawsuit filed by Security Credit Services LLC, your mind is probably running 100 miles per hour, wondering what steps you should take to beat them in court. SoloSuit can help you respond to the debt collection lawsuit. The information provided below offers key insights and advice on effectively defending and fighting against Security Credit Services (SCS) in court.
Let's jump right in.
Security Credit Services, also known as EquiPro Investments, is a debt collection company based in Oxford, Mississippi. SCS specializes in buying delinquent and charged-off debts from banks, retailers, and other financial institutions at a discounted rate. They then turn around and file lawsuits in an effort to collect on those outstanding debts. Security Credit Services' contact information is as follows:
Security Credit Services, LLC
P.O. Box 1156
Oxford, MS 38655
There is a very good chance the debt claimed in the lawsuit has been packaged, sold and resold before Security Credit Services purchased it. A strategy for challenging the lawsuit is simply requesting that SCS provide the original signed agreement and a balance on the account since you started using it. In many instances, the debt collection company only has a portion of the statements and may not have access to the original signed agreement.
Request for your account's original balances by sending SoloSuit's Debt Validation Letter that requests SCS to include the following:
If SCS doesn't have all the information, they will likely stop all attempts to collect and withdraw the lawsuit. The following video gives you more information about the Debt Validation Letter:
If you're feeling frustrated with Security Credit Services, you're not alone.
As of 2022, the Better Business Bureau has received 149 complaints against Security Credit Services in a three-year period. Even worse, in the last ten years, the Consumer Financial Protection Bureau reported 886 complaints against SCS. On Google Reviews, Security Credit Services has an average 1.5-star rating out of 5 stars from 64 reviews. It's clear that SCS does not handle collection efforts in the most professional and appropriate way.
Many of these complaints allege violations of the Fair Debt Collections Practices Act (FDCPA). The most common violations cited by consumers include:
If you have experienced any of these debt collection tactics while dealing with Security Credit Services, report them to the Fair Trade Commission website, submit a complaint to the Consumer Financial Protection Bureau or report them to your attorney general's office. You can also consider filing a counterclaim if you have a pending lawsuit against Security Credit Services.
In addition to defending against a Security Credit Service debt collection lawsuit, you have the option to go on offense by filing a counterclaim against this debt collection company. The counterclaim should be about SCS violating your consumer rights based on FDCPA laws mentioned earlier.
If you win with the counterclaim, you could be entitled to statutory damages of $1,000 per FDCPA violation, plus court costs and punitive and economic damages, depending on your state's compensation law.
Let's take a look at an example.
Example: Mike was sued by SCS for a credit card debt of $1190. Before receiving the lawsuit, he had been called multiple times by their agents telling him to pay the debt. He requested them to verify it by sending a Debt Validation Letter, but they did not respond. A month later, he received a lawsuit letter which he had to respond to within 21 days. Mike used SoloSuit to file an Answer and he used his state's counterclaim form to all file a countersuit, stating that SCS had violated his right by failing to send a debt validation notice. SCS contacted him to negotiate the debt down to $300, but he wanted to proceed with the case. Mike won, and he was exempted from paying the debt and received $1,000 compensation.
If you get served with a Summons and Complaint from Security Credit Services, you have up to 35 days to respond before you lose by default. Response times vary by state. The best way to respond to a debt collection lawsuit is with a written Answer.
If you don't respond within your state's deadline, Security Credit Services can file a motion for default judgment against you. If the court grants this motion, you are required to pay up. In fact, with a default judgment, Security Credit Services will be authorized to garnish your wages, take money from your bank account, collect their attorney's fees and court costs, and put a lien on your personal property.
Another vital reason to respond to the lawsuit is because many debt collection companies like Security Credit Services assume you will not file an Answer to the Summons and Complaint. This is because the vast majority of people fail to respond. As a result, when you respond, it actually catches many debt collectors off guard and could create an opportunity to settle out-of-court with SSC.
So, to draft an Answer to your debt collection lawsuit against Security Credit Services, following these six steps:
Watch this video to learn more about these 6 tips for drafting an Answer to a debt collection lawsuit:
As mentioned earlier, many debt collection companies like Security Credit Services assume that people will not respond to the lawsuit and they will win by default. Because of this, many debt collection agencies fail to confirm that they can legally sue you for the debt. If the statute of limitations has expired for the debt in question, Security Credit Services collection agency is legally prohibited from suing you. But what is the statute of limitations?
The statute of limitations is a law that sets the time period that a debt collector or creditor can sue someone for a debt. The statute of limitations clock starts when the last activity on an account occurred. This means that, if you haven't been active on an account in many years and then SCS contacts you and convinces you to start making payments, the clock will reset on the statute of limitations.
So, be sure to check the statute of limitations on your debt before you agree to make any payments to Security Credit Services.
If the statute of limitations expired, you can raise it as an affirmative defense that could enable you to file a motion to dismiss the lawsuit. Check your state's statute of limitations on debt before you make any payments to SCS.
Now, let's consider another example.
Example: Leo, from Utah, had $890 debt with SCS that was over 6 years old. He unexpectedly received a lawsuit letter from them. He hardly remembered the debt but knew it was from a while back. Leo checked the statute of limitations for Utah and saw his debt was past the legal time for Security Credit Services LLC to collect. He responded to the lawsuit with SoloSuit's Answer, and used the statute of limitations expiring as one of his affirmative defenses. SCS had to withdraw the case.
To learn more about how to effectively respond and defend against a Security Credit Services lawsuit, use the tools and resources available through SoloSuit. For example, our powerful Answer form helps you to customize your answers according to your needs. Afterward, you can use our Debt Lawsuit Settlement Letter to request that Security Credit Services LLC settle out of court.
Collection agencies enter a debt on a consumer's credit report once they start attempting to collect or before sending a lawsuit. Hence, ask for your credit report from TransUnion, Experian, and Equifax. They are required to send you a free copy once a year upon request.
Go through the report to check for errors and discrepancies that SCS may have included. It is best if you investigate your report after receiving a validation notice from them using your records. Compare notes and send a dispute letter to the three bureaus if you find even the slightest error. They will contact SCS to verify the information, and if your claim is accurate, SCS may not pursue the case further for fear of severe repercussions for including errors on your credit report.
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.
Here is what to do if you receive a debt collection lawsuit from Security Credit Services:
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.
Need more info on statutes of limitations? Read our 50-state guide.
Need help managing your finances? Check out these resources.