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We fund business owners nationwide, regardless of industry, credit, or time in business. We fund it all.

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We have a lot of different financing options available to our clients. Regardless of your situation, we’ll have a solution for you.

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Our application process is completely online. You can get funds in your bank account in literally 24 hours.

The Working Capital You Need In 24 Hours.

We get you funding. It's that simple. Regardless of credit, income, or time in business - we'll fund you.


Use our online form or call toll-free anytime to get started. There's no cost, and the application takes only three minutes.


Receive application approval in as little as 24 hours. There is no credit check required.

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Review and return your signed agreement and get your money in as little as 24 hours.

Recent Business Loans Funded

100K Term Loan

Ambulance Service

Our client bought a new ambulance.
2019 - June
55K Advance

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Our client used the funds to hire new team members.
2019 - February
85K Term Loan

Restaurant Funded

Our client used the funds for restaurant equipment.
2019 - May

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We'll fund you the same day you accept our offer.

How Delancey Street Works

Fill Out Our Application

Answer basic questions about yourself and fill out our entirely online application. Each loan has its own online process.

Meet Your Concierge

We'll pair you with an experienced Delancey Street specialist who will reach out to you, and understand your needs. We'll try to determine which financial product is right for you.

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We give you a few different loan offers based on your scenario and what options you qualify for.

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Once you've chosen a loan that works for you, we finalize it and start getting the documents needed.

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After you get funded, your Delancey Street concierge specialist will keep in touch to make sure you're happy and doing well.

Business Loans

Get business loans ranging from 3 months to 18 months
No credit score requirement, we have a program for everyone
We can fund up to $5 million in virtually 24 hours

Can You Settle A Debt After Being Served


Can You Settle A Debt After Being Served?

Getting served legal papers for a debt can be scary and overwhelming. You may feel like you’re out of options, but there are still steps you can take to resolve the situation. The good news is – yes, you can still try to settle your debt even after being served with a lawsuit.

What Does It Mean To Be Served For Debt?

Being “served” means you have received legal documents notifying you that a creditor is suing you to collect on a debt. These documents usually include a summons and a complaint.The summons informs you that you’re being sued. It provides basic details like the court handling the case, deadlines to respond, and consequences if you don’t respond.The complaint explains why you’re being sued. It will describe the debt, such as the original creditor, account number, amount owed, interest, and fees. The complaint also makes a legal case for why you owe the money.You may receive service by:

  • Hand delivery
  • Certified mail
  • Publication in a newspaper (if other attempts fail)

Once served, you have a short window to respond – usually 20-30 days. The summons will list your state’s specific deadline.

Why Would A Creditor Sue For Debt?

Debt collection lawsuits are usually a creditor’s last resort after you’ve fallen far behind on payments. They see legal action as the only way left to recover what you owe.Creditors also sue when the debt is about to exceed the statute of limitations – the window of time they’re legally allowed to sue you to collect.Lawsuits are expensive for creditors too. But if you have assets or income they can pursue, they calculate it’s worth the court costs and legal fees.

What Happens If You Don’t Respond?

Ignoring the lawsuit and missing the response deadline results in a default judgment. This means the court rules in the creditor’s favor without hearing your side.The creditor can then use legal methods to collect the judgment:

  • Garnish your wages
  • Freeze funds in your bank accounts
  • Seize assets like your car
  • Place liens on your property

They can also wreck your credit score and charge high interest on the remaining balance.

Why Responding Is Important

While being served feels scary, responding puts you in a better position to settle the debt. Here are key reasons to respond:

  • Avoids default – Responding means the creditor has to prove to the court you actually owe the debt. They can’t automatically win.
  • Preserves options – You can still try negotiating a settlement before trial. Many cases settle before reaching court.
  • Gains leverage – The creditor has already spent time and money filing the suit. Responding shows you’re willing to defend yourself.
  • Protects rights – Responding preserves your ability to dispute the validity or amount of the debt later on.
  • Buys time – Court cases move slowly. Responding gives you breathing room to plan your next steps.

How To Respond The Right Way

Follow these steps when served a debt collection lawsuit:

  • Don’t panic – Stay calm. Take a breath. Carefully read all documents.
  • Note deadlines – The summons lists when you must respond by. Mark it on your calendar.
  • Seek legal help – Consult a lawyer experienced with debt defense. They can review your options.
  • Draft an “Answer” – With an attorney’s help, file a written response addressing the complaint’s claims.
  • Submit to court – Formally file your Answer with the court before the deadline. Pay required fees.
  • Send a copy – The creditor’s lawyer must also get a copy of your response.
  • Show up – If a court date is set, be sure to attend. Bring any evidence or witnesses.

Can You Still Settle After Being Served?

Yes, you can still negotiate a settlement after being served with a debt lawsuit. Responding to the suit can actually improve your chances of settling.Settlement means agreeing to pay the creditor less than the full amount claimed. This results in the account being closed and no judgment entered.Creditors have incentive to settle cases without going to trial, which saves legal expenses. Settlements also provide them guaranteed money rather than gambling on what assets they may be able to seize later.

Tips For Settling Debt Lawsuits

If you want to pursue settlement of a debt lawsuit, keep these tips in mind:

  • Have a lawyer help – They can negotiate expertly on your behalf and ensure the agreement is binding.
  • Get settlement terms in writing – Have a formal settlement agreement drafted to protect your rights.
  • Don’t pay before filing an Answer – Otherwise, the creditor could still get a default judgment against you.
  • Make a reasonable offer – Consider what you can afford to pay in a lump sum or installments.
  • Gather evidence – If disputing the amount owed, pull together documentation to back up your position.
  • Ask about tax implications – Settled debt may be reported as taxable income. Understand the consequences.
  • Request monthly payments – If you can’t pay a lump sum, propose an affordable payment schedule.
  • Follow up – After paying the settlement, confirm the creditor files to dismiss the lawsuit.

Alternatives To Settling Debt Lawsuits

Settlement is one option, but not the only way to deal with debt lawsuits. Other potential strategies include:

  • Bankruptcy – Wipes out many debts entirely or allows a structured repayment plan. Automatic stay pauses collections.
  • Payment plan – If you owe the full amount, request an extended repayment schedule you can afford.
  • Statute of limitations – If expired, use as defense against older debts. Varies by state, 3-15 years.
  • Dispute validity – Argue you don’t legally owe the debt if identity theft or paid already.
  • Dispute amount – Fight back if the creditor shows incorrect balance, interest, or fees.
  • Request dismissal – If settling, ensure the creditor files to dismiss the lawsuit after payment.

Getting Legal Help With Debt Lawsuits

Facing a collections lawsuit is difficult. Having an experienced attorney on your side can help reduce stress and lead to the best outcome.Look for lawyers familiar with debt collection defense and consumer protection laws. Many offer free consultations. Legal aid organizations may also provide assistance if you meet income limits.With legal representation and a smart strategy, you can still take control of your situation – even after being served. Don’t assume all hope is lost. You have options to settle your debt or build a strong case.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

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