In this episode of The Debt Hotline, George from Team Solo is joined by consumer rights attorney Yale Levy, a seasoned legal expert with nearly 30 years of experience in collections, creditor and debtor rights, and civil litigation. As Solo’s head of business development, Yale brings insider knowledge from both sides of the debt industry.
Together, George and Yale take on a tough question from a listener who borrowed money to invest in crypto and now faces a $15,000 lawsuit from PNC Bank. The caller shares how they tried to resolve the debt and why their court judgment caught them off guard. Yale and George walk through what went wrong, explain how to challenge a judgment, and offer tips for recovering from debt that spirals out of control. They also touch on crypto risk, how SoloSettle works, and the importance of filing the right paperwork when you're sued.
Sued for debt? Visit
https://www.solosuit.com/?utm=podcast to resolve it.
In this week’s episode of The Debt Hotline, you’ll learn:- Why settlement is always on the table, even after you’ve been sued
- How to time your offer for maximum success
- What collectors are legally required to do, and how to hold them to it
- Why SoloSettle is a great alternative to calling collectors directly
Real listener questions answered:- Whether you can be sued in one state if you’ve moved to another state
- Settling debt after a default judgment is already entered
- How to make sure your Answer was received
- How to clear debt from your credit report after you’ve settled your debt
The bottom line: If you’ve borrowed money and it didn’t pan out, you still have options. Debt collectors settle all the time, but as a consumer, you should know your rights so you can protect yourself and show collectors you’re serious about settling. Filing the correct court documents, like an Answer or Motion to Vacate Judgment, can buy you time and even open the door to a better deal.
Make sure you communicate with debt collectors. Avoiding phone calls doesn’t help, but platforms like SoloSettle can remove the emotion from the process and keep things on your terms. Always get settlement terms in writing and make sure they include a full release of debt. And remember, the law is on your side when you know how to use it.
To submit a question to The Debt Hotline, you can:
