Why did Discover Bank file a lawsuit against me?
Discover Bank sues consumers that default on balances that they lent. They want their money back. 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 New York, a judgment can be aggressively collected for ten (10) years and even longer if they keep renewing the judgment. This gives Discover Bank 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 a judgment in New York. They are wrong.
Discover Bank, after they take a judgment against you, can
- Go after your paycheck taking a potion of it until paid in full. Learn more about New York Wage Garnishment
- Freeze and take money from your bank accounts. Learn more about New York Bank Levy
- Hinder they sale of your property until a settlement is made. Learn more about New York Judgment Settlement
- Force the sale of unprotected assets like a home, cars, jewelry.