If you have been sued by a credit card company it is time to face your debt problem head-on. Once a credit card company sues you they can get a judgment from the court. Once they have a judgment they have the right to take powerful collection actions against you, including garnishing your wages, levying your bank accounts, or placing a lien on your property. A judgment creditor can literally take money from your paycheck or directly out of your bank account.
If your credit card has served you with a lawsuit, you have options to consider.
First, unless you know you qualify for bankruptcy and plan to file, you should not ignore the lawsuit. If you ignore the suit the creditor can get a default judgment for the full amount they claim you owe.
Even if you know you owe them money, you have the right to defend yourself. Perhaps the statute of limitations has passed for them to bring a claim. Perhaps you are in a position to settle the lawsuit before they get a judgment for the full amount claimed. You may want to hire an attorney to help you defend the lawsuit.
Second, as the suit moves forward you can attempt to work out a settlement. The vast majority of lawsuits settle before trial. Responding to the suit gives you the ability to work something out in an effort to avoid wage garnishment or bank levies, which may be devastating if you’re already struggling financially to make ends meet.
Third, filing for bankruptcy would put an end to the lawsuit. Filing for bankruptcy is a serious financial decision and it isn’t for everyone. Though, many people who are sued by a credit card company owe other debts and are at risk of facing more lawsuits.
If you’ve been sued by a credit card company for non-payment of your debt, it is time to consider if bankruptcy is the right debt relief solution for you. Filing for bankruptcy would put an immediate stop to the lawsuit. So long as your bankruptcy is successful, the lawsuit ends there and you will no longer be liable to pay back the credit card company who sued you and other debts would be erased.
Contact us for a free consultation. Together we’ll explore how bankruptcy can help you eliminate lawsuits and erase debts.
We proudly serve the people of Savannah, GA and the surrounding areas, including Richmond Hill, Hinesville, Pooler, Port Wentworth, Tybee Island, Clyo, Ellabel, Midway, Ludowici, Springfield, Pembroke, Brooklet, and Garden City.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.