How to Defend a Lawsuit from Regional Finance Company
Confronting a lawsuit can be a challenging experience, especially when it comes from an original creditor like Regional Finance Company in Texas. Understanding your legal rights and options is essential when facing such a situation. Our team of Texas Debt Lawsuit Defense Attorneys offer insights into dealing with Regional Finance Company and strategies for handling a lawsuit from them.
Is Regional Finance Company Legit?
Yes, Regional Finance Company is a legitimate company. Regional Finance Company is an original creditor that engages in the business of lending consumer loans to consumers in Texas. Regional Finance Company is not a law firm. Regional Finance Company is a creditor and it pursues past due and charged off debts owed to it by borrowers in Texas by filing debt collection lawsuits.
Regional Finance Company is an Original Creditor and Lender
Regional Finance Company operates as a consumer loan creditor and lender. Since Regional Finance Company is an original creditor it is not required to register as a debt collector in Texas.
What Kinds of Debts Does Regional Finance Company Collect?
Regional Finance Company primarily extentends consumer debts to individuals in Texas.
How to Defend a Lawsuit from Regional Finance Company
Responding to a Lawsuit from Regional Finance Company If you find yourself targeted by a lawsuit from Regional Finance Company for debt collection, it’s crucial to take prompt and strategic action:
- Do Not Overlook the Lawsuit: Ignoring it could lead to a default judgment, potentially resulting in bank garnishments, liens, or seizures.
- Consult an Experienced Debt Defense Lawyer: Our lawyers at Jaffer & Associates excel in helping Texans effectively handle collection cases, ensuring you understand your legal position, the authenticity of the debt, and potential defenses.
- Respond Timely to the Lawsuit: Failing to respond promptly might result in a default judgment. You have 14 days to respond if you were sued by Regional Finance Company in a Justice of the Peace Court. Otherwise, you have 20 days from being served the lawsuit if the case was filed in a County of District Court in Texas.
- Consider Settlement or Legal Challenge: Depending on your situation, settling the lawsuit, or contesting it in court are viable options. Settlements can be advantageous in reducing debt amounts and getting a manageable payment plan. Whereas challenging the lawsuit is suitable if there are flaws in the creditor’s case, such as incorrect debt amounts, expired statutes of limitations, mistaken identity, or identity theft.
- Challenge the Lawsuit’s Merits: Your lawyer can help identify any inaccuracies or errors in the lawsuit, such as incorrect debt amounts or mistaken identity. Uncovering these issues can be critical in defending against the lawsuit.
- Discovery and Getting a Dismissal:
One major element of defending the case is to verify if the creditor has all records necessary to prove up their claim. In debt collection lawsuits you or your attorney should request all credit card statements, bills of sales, and purchase and sales agreements to ensure that the party suing has the right to sue for the consumer debt. This happens in discovery during a lawsuit and can lead to a lawsuit being dismissed if done correctly. - Negotiate a Settlement: If Regional Finance Company presents a strong and meritorious case then negotiating a settlement for a much lower amount may be the wise approach. Often, settlements can be negotiated to amounts significantly lower than the original debt and payment plans are also available.
- Filing a Counterclaim:You may be able to file a counterclaim for violation of the Teas Debt Collection Practices “TDCPA” or the Fair Credit Reporting Act. This occurs if the creditor engages in practices or conduct prohibited under these consumer protection laws. An experienced attorney such as the attorneys at Jaffer & Associates looks for all sorts of violations during the defense of your lawsuit.
How Much Does a Debt Defense Attorney Charge?
We at Jaffer & Associates charge a Flat Fee for your lawsuit defense based on the amount of the lawsuit. You can either pay upfront in full or we can provide you with a flexible payment plan.
| Amount of the Debt: | Monthly Payment Plan | Flat Fee |
| Less than $1,000 | $75 for 8 months | $600 |
| $1,001-$2,000 | $75 for 10 months | $750 |
| $2,001-$3,000 | $85 for 10 months | $850 |
| $3,001-$4,000 | $100 for 10 months | $1,000 |
| $4,001-$5,000 | $125 for 10 months | $1,250 |
| $5,001-$7,000 | $150 for 10 months | $1,500 |
| $7,001-$10,000 | $175 for 10 months | $1,750 |
| $10,001-$12,000 | $200 for 10 months | $2,000 |
| $12,001-$14,000 | $225 for 10 months | $2,250 |
| $14,001-$16,000 | $250 for 10 months | $2,500 |
| $16,001-$18,000 | $275 for 10 months | $2,750 |
| $18,001-$20,000 | $300 for 10 months | $3,000 |
| Over $20,000 | up to 10 months | Call for Pricing |
