Ignoring a Letter of Demand (LOD) does not make the debt disappear. It signals to the creditor that you refuse to pay, paving the way for them to file a civil claim in the State Courts. If you fail to respond to the subsequent court summons, a Default Judgment will be entered against you, allowing them to seize assets or garnish your bank accounts.
Quick Question
What happens if I ignore a Letter of Demand for a $10,000 personal loan?
The short answer
Quick answer
Ignoring a Letter of Demand (LOD) does not make the debt disappear.
General information only. This answer does not constitute legal advice. The appropriate response depends on the facts and circumstances of each matter.
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