Okay, so first off, I don’t usually post this early in the morning…I’m usually in bed by now, I have stuff I gotta do too, ya know. 
But I came across this today and I had to share it…and I dunno if he’ll link back to me or not, this is actually a bonus post til I get around to actually posting later today. I thought this was important enough to share with y’all.
I’ll leave the wording I had planned to leave the wording to Robby Scott Hill (but then I read it…and dude is brilliant, no doubt, but not always as clear as I’d like it) and I’ll likely put this as a permanant link elsewhere…where is yet to be determined. 
Anyway, Hill talks about what happens should a bank or credit company try to get a judgement in a court of law against you (you know most of them can’t, right? it’s in your contract…you know, that thing you signed when you got your credit card or your loan or your whatever). The fact of the matter is that your agreement likely provides for arbitration as the only way they can handle unpaid accounts. Of course, you have to read your Terms & Conditions and the ins and outs of your contract…but it’s likely gonna have to go to arbitration, and they likely can’t sue you in court, per se. Normally this would be great for the bank, and terrible for you, because arbitration strips you of many of your rights…but if you’re up to it, you can probably counter-sue for breach of contract.
Now…I’m not a lawyer, and I don’t have much legal experience, so you’ll need to review your contract, and maybe contact a lawyer as well. Hill goes into some craaaazy detail on this, but again, it’s so important to read I’m staying up late to post it!
Avoid or delay a debt collection
