Thinking about getting a PayPal Extras Mastercard? Think again. Unless you’re absolutely sure you can keep up with payments, this card can quickly turn into a financial nightmare.
Here’s why: if you get behind on bills or forget to pay, you may receive a summons to appear in court. That’s because you’ll be sued for your debt. And whether it’s PayPal or a third-party debt collector suing you, there are a few things you need to know to handle your situation effectively.
So before you apply for this card, ask yourself if it’s really worth all that hassle – and potential legal trouble – down the line.
Ask for Evidence of The Debt to Defend Yourself
The burden of proof is on the credit card company or debt collector to show that you owe the amount they are suing for. Otherwise, you may be able to have your case dismissed. The best way to do this is by responding to the initial summons and appearing for your court date.
You will need to make your case against theirs. The amount the credit card company is suing you for must be exactly how much you agreed to pay when you signed the contract.
If you are being sued by PayPal, they will likely have the original creditor agreement. However, if it is a third-party debt collector, they may not have this proof.
If they cannot prove that you even had a contract with someone in the first place, a judge will side with you. This is because courts operate on evidence. If there is no physical evidence of a contract, then there is no proof that you owe the debt.
To defend yourself against the credit card company, you must require proof of a breached contract. They must show that you breached the contract through account statements and records indicating that you did not pay or that they suffered some sort of harm because of your non-payment. If PayPal did not lose money because of your failure to pay, then there is no harm done.
Debt Lawsuit Defenses That Will Help You Win
Debt can be a stressful and overwhelming burden, especially when you are facing legal action from a creditor or debt collector. However, there may be some relief available to you in the form of the statute of limitations.
Every state has a law that sets a time limit on how long creditors have to file a lawsuit against you for unpaid debt. This time limit is known as the statute of limitations, and it varies from state to state. For example, in Vermont, the statute of limitations is six years, while in New York it is 20 years.
This means that after the expiration of the statute of limitations, creditors can no longer sue you for the debt. However, they may still attempt to collect payment from you through other means, such as calling you or sending letters. Additionally, even though creditors cannot sue you for an expired debt, it can still negatively impact your credit score.
Among the other defenses are:
If you are sued for failing to comply with court regulations, you may be able to have your case dismissed. This is because PayPal and Synchrony should also be held to the same standards.
If you are being sued for attaching the wrong paperwork or contract to your lawsuit, make sure that all of the documentation supporting your allegations is included.
If you are being sued over fees that are not in your contracts, such as late fees, extra charges, or collection fees, you may be able to have the case dismissed. This is because charged illegal interest rates are only allowed up to a certain limit.
Finally, if you are being sued for charges you never authorized in the first place, you will not be held responsible for them. The only time you might be responsible is if you cosigned for someone else on their account.
Respond to PayPal Synchrony Card Correspondence
When you are sued by PayPal Synchrony Card for a debt, it is essential that you respond to all correspondence from the company. Failing to do so can result in a default judgment being entered against you, which can have severe consequences.
A default judgment occurs when you are served with a summons to appear in court but do not do so within the required timeframe. This often happens when people ignore the summons, thinking that they cannot win their case anyway. However, even if you know that you owe the debt and feel like you cannot pay it off, you should still respond to the summons. There are always options available when it comes to credit card debt.
Ignoring a lawsuit from PayPal Synchrony Card will not make it go away – in fact, it will only make things worse. So be sure to respond to any and all correspondence from the company to avoid a default judgment and its negative consequences.
What To Do If You Lose a Debt Case as Soon as Possible
If you owe a debt to PayPal Synchrony, you have options. The main option is to negotiate a settlement. With a settlement, you can pay the debt in full or make payments.
Often, if you pay in full, you can settle the debt for less than what is owed. This can help your credit and start fresh. If you decide to make payments, you can agree on how much to pay each month.
You will most likely need to prove your defense or negotiate for a lower settlement since PayPal Synchrony is an original creditor. Whatever you do, respond to the lawsuit or you will lose any chance of winning.