help summons on a credit card?

Question

help i got a summons today from elite recovery systems ... is their anythang that i can do ... i really dont have time too go to court should i call them and make payments are will they do that ??????

Answer 1

This is how it works:

1. Credit card company sends you multiple "PAST DUE" statements. If you don't answer or come to an agreement, it goes to the next level.

2. Recovery company takes the amount owed, adds their fees and tries to claim it from you. They make threats, they phone you all the time, etc., etc.. If you don't answer or come to an agreement, it goes to the next level.

3. If the amount is sufficient (and I suppose it is since you're not just paying it off), then they hand it to a law office who adds their fees and sends you a legal letter. You have XX days to pay or we'll take legal action. If you don't answer or come to an agreement, it goes to the next level.

4. Now, they submit it to court. If you don't go to court, you're judged guilty in absentee, so now the amount just got bloated with court fees, interest, etc.. You then get a notice of judgement that's something like "you have XX days to pay or we put a seizure on your belongings or an arrest warrant (depends on where you are)". At this point, if you don't contact or settle, there's not too many levels left.

5. They put a seizure on your goods or an arrest warrant. At this point, they come to your home and seize your assets (tv, computer, car, etc) to pay off your debt - or in some cases, arrest you. NOW, you have no choice but to pay or lose everything to an auction.

At any point in this process, you may choose to declare bankruptcy - - - that is if the amount is sufficient. Another option is debt consolidation or agreement with creditors - - - debt consolidation reduces your interest rate (from credit cards that cost 18% to prime plus a few points) and agreement with creditors (which is usually done when you have a home that you own that you don't want to lose in a bankruptcy) freezes the amount you owe and you get to pay it off in monthly amounts.

Hope that helped!

Toodles and good luck!

Answer 2

I beleive they are trying to scare you into paying the bill.If it was an actual summons then you would be receiving it from the court itself or the local sheriff's department but the collector themselves do not have the legal authority to issue or deliver a real summons.It takes a court judge to do that.

besides trying to scare you,all a court can really do is issue a judgement which could entitle them to a wage garnishment but even that is set at a certain percent of your income over a period of time.

Most collectors will say things to scare you into paying but usually will not even involve the court because it cost's them money to do that and they still may never get their money.

If it is over 4 or 5 years old,then I would say that you do not pay them anything and tell them to stick it where the sun don't shine because after 7 years from the first delinquency they are breaking the law to even try to collect it and that goes for reporting it to the credit beaureau or even sending you a bill or making a phone call to you.

You can search the net ad get more information on this by searching for the fair credit reporting act and also by obtaining a free copy of your credit report by visiting www.annualcreditreport.com

good luck and i hope this info helps you

Answer 3

If there replaced right into a thank you to keep away from the trial and judgment, certainly everyone would do it! in case you're certainly intense approximately paying off this debt, you are able to call the creditor and setup a charge plan on a stipulated judgment. What meaning is which you will pay on a charge plan x quantity of greenbacks each month to an agreed upon quantity yet once you defaulted then they'd get a judgment against you. in the event that they're suing you for 5,000 they're in all probability no longer likely to take 20%.

Answer 4

Give them a call and see what happens, but usually you had plenty of opportunity to do that before it gets to the summons stage. They may no longer wish to bother outside of court.

Answer 5

Only a Sheriff (NOT POLICE) can give you that. If you are being sued...go to court then ask for a continuance...and fight them

Answer 6

settle the account with http://www.fdnsolutions.com they can help you avoid a potential lawsuit and judgement

Answer 7

recovery systems will not send u a summons..the cops do...u just got a please pay me back bill