Sued By Iver Capital For Payday Loans In California? Here’s What To Do!
If you are wondering what to do when sued by Iver Capital for payday loans in California — fighting back is the answer! If you have been hit with a California payday loan lawsuit, do not lose hope. Hiring the right attorney to settle payday loans can get you out of debt and on with your life. Make sure you hire a payday loan lawyer who offers a free consultation. I offer a 100% free debt consultation to go over your payday loan issue and map out a plan to get you out of debt. Never go to anyone who will charge you up front for advice.
For instance, our client took out a payday loan from CashCall. She became unable to keep up with the monthly payments due to the high interest rate being charged on the loan. With her debt balance in excess of $8,000, Iver Capital purchased the loan from CashCall and sued our client to collect the debt. After retaining me as her payday loan lawyer, we immediately contacted the attorney for Iver Capital to negotiate a settlement. In that one phone call, we were able to settle the lawsuit with Iver Capital for $3,412.74. They also agreed to allow our client to pay off this balance at a rate of $50 per month, until the balance of the settlement is paid in full. We saved our client $4,587.26. This also kept her from having to go through the uncomfortable experience of a California payday loan lawsuit. To read about more people we have helped to get out of debt, visit our client debt success stories page.
Watch our video on what to do if sued by Iver Capital or keep reading.
What to Do When Sued by Iver Capital for Payday Loans in California
If you have been sued by Iver Capital for payday loan debt, then you need to know that there is the viable option to negotiate a debt settlement. An Iver Capital payday loan debt settlement is a negotiation made between the party who borrowed the money and the payday lender that the borrower will pay back a (usually greatly) reduced amount of the total debt in a lump sum or over a period of time.
If sued for payday loans by Iver Capital in California, it’s important to act fast.
You can try to settle payday loans yourself, but keep in mind that these giant lenders have vast resources of attorneys and debt collectors who prey on borrowers. Hiring the right attorney to settle payday loans can wind up saving you thousands of dollars. Plus, retaining a payday loan lawyer is the best way to stop debt collector harassment, as the debt collector will have to stop calling you and instead go through your lawyer. The payday debt collectors find debt settlement appealing because they save they save money in court costs trying to sue you and they would rather collect some of the debt then have you declare bankruptcy and receive nothing.
Settle Lawsuit From Iver Capital Payday Loan Debt
If you have been sued by Iver Capital for payday loan debt, then make sure you research the state of California payday loan laws. It’s important to know your rights and protections under the law.
For another resource, read my blog post “How Do I Get Out of My Payday Loan.”
Getting out of the payday loan cycle can be challenging, since the annual interest rates are so high and the average payday loan term range is so short, usually 2 weeks.
One of our clients had a CashCall payday loan with an APR of 183.63% on a $2,525 loan. Iver Capital bought my client’s debt from CashCall, which is fairly common. My client was sued by Iver Capital for the payday loan debt. At this point, they wanted to collect $18,315.76 over a 45-month term. Iver Capital was claiming damages for the unpaid balance, plus interest, totaling $10,649.24. I negotiated an Iver Capital payday loan debt settlement of just $1,500! We saved our client a battle in court and $9,149.24!
Payday Loan Lawyer for Iver Capital Lawsuit
If you have been sued by Iver Capital for payday loan debt, then beware of payday loan debt relief “companies” who often prey on vulnerable borrowers already in debt. This is a great article onhow to spot a payday loan collection scam. Contact an experienced attorney for payday loans if you have been sued for payday loans in California. Attorneys have ethical obligations under the law that debt relief companies do not. In fact, most debt relief companies flat out refuse to work with clients owing payday loans. Call me for a completely free debt relief consultation at 858–217–5051 or email me at daniel@gamezlawfirm.com. As my clients will tell you, the savings I offer far outweigh my fees. My goal is to get you out of debt, so you can move on with your life.
Story originally published on GamezLawFirm.com. Daniel R. Gamez is an attorney serving clients nationwide and focuses exclusively in debt relief. He is licensed to practice in all state and federal courts in California and Texas. Mr. Gamez owns and operates the Gamez Law Firm in San Diego and Los Angeles, and helps people with debt problems all over the country. For more information, please contact Daniel Gamez at 858–217–5051, daniel@gamezlawfirm.com or use our online contact form. Stay updated about the latest debt relief tips by following on Facebook and Twitter and read about client success stories on our website.
