Why did CACV of Colorado file a lawsuit against me?
CACV of Colorado is a debt buyer. CACV of Colorado sues consumers that default on balances that they purchased for pennies on the dollar. They make money by collecting more than they paid for the debt. They are counting on the fact that you will not respond or show up to court. If you do not then they may take a Default Judgment against you. In Louisiana, a judgment can be aggressively collected for ten (10) years and even longer if they keep renewing the judgment. This gives CACV of Colorado a long time in which to come after you. Many consumers think that a judgment is just a worthless piece of paper. They think that they can not be forced to pay in Louisiana. They are wrong.
What are my options when being sued by CACV of Colorado?
If you have been sued then you need to answer the lawsuit. Participants in the system often have a better outcome than those that do nothing. Some of the options that you have are to:
Cost to Resolve CACV of Colorado Lawsuit
What happens if I do not answer the lawsuit?
Many choose not to answer a CACV of Colorado lawsuit. In that case, a defendant (you) can expect to: