Ive got someone from a law firm calling me and saying that if i do not pay my balance they will sue me. Does anyone know exactly what a judgement entails? Can they come after my wages? Ive heard too that if there is a case it needs to be in my area (within reasonable traveling distance) they are on the west coast im on the east.. what are the chances of them even comming out this way? Even if your situation is a little different than mine. Please tell me about any thing that happend to you regarding these credit problems. Thanks
2006-08-24 20:07:39 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
What they can go after if they get a judgment against you depends on your state laws for exemption.
Some states do not allow wage garnishment, some states do.
It's not unheard of for lawyers to farm out cases to a local lawyer.
You need to find out the statute of limitations (SOL) for your state. See if you are still in the legal SOL for collecting the debt.
You didn't really say if this is an old debt, a debt still with the original creditor or with a collection agency.
So, I would just suggest going to the link I've provided and start reading in the newbie forum, then do some reading about debt validation in the credit forum. You will also be able to find the SOL, exemptions etc., for your state.
Everything on that site is free to read and use. Also, if you have any questions, feel free to post them in the credit forum.
2006-08-24 21:02:04 · answer #1 · answered by echo 7 · 0⤊ 0⤋
I have credit companies after me but not a law firm. Have they been after you for a while? Did credit companies call you first and then the law firm? If yes, then you're closer to being sued. My advice is to look at the Standard Business Practices guidelines from the Government. I'm in Canada and I've familiarize myself with the Collection practices guidelines as set out by government of Canada. By doing this you know exactly what they can and cannot do. Also, I've gotten help from a government service for credit problems via email and they have actually acted on my behalf to the creditors.
Know your rights! And make sure "they" abide by them
2006-08-24 20:45:58 · answer #2 · answered by KcaptainK 1 · 0⤊ 0⤋
Try looking into PrePaid Legal....it is usually only about $25 a month, and they can advise and represent you in this situation, probably even get it dropped!! Good Luck!!
2006-08-24 20:14:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
DK
2006-08-24 20:12:30 · answer #4 · answered by Lee J 4 · 0⤊ 0⤋