A client was recently served with a lawsuit by SHORES FINANICAL GROUP SERVICES LLC on a debt over Eight years old. This was a debt purchased from a Credit Card Company as to which the statute of limitations had run. Fortunately my client brought in the suit papers before a default judgment could be entered. If the client had admitted owing the debt, or ignored the summons, or made a payment in an attempt to settle, this claim would have been revived. Don’t let this happen to you. Never admit owing a debt without verifying that the debt is valid. Don’t ignore suits even if you believe they have no merit. Doing so could cost you dearly. Thankfully, we can now get this matter dismissed without payment based on the statute of limitations.
