ok i have owed a credit card company for over 4 years now .. i old friend ( not a friend anymore ) used my name and got a card in my name well just today i got a summons in the mail saying i'm being sued for 1200 dollars . i have 21 days to file in court ...is it better off to call the company thats sueing me are should i just go too court and see what happens please help
2006-11-17 16:05:56 · 2 answers · asked by mr_xrat3d 1 in Business & Finance ➔ Credit
You have a couple of avenues:
Someone recommended that you contact an attorney. This will cost you at least $200 for an initial consultation. Then probably $1,000 or so for retainer. If you have the money and the debt truly is not yours, then I would fight it.
If the debt is yours, or you can not prove that it is not, then I would contact the collection agency and settle before court. The collection will only be on your credit another 3 years, but the judgement will stay on for much longer, maybe 10 years. Plus you will incur court costs if you do not settle now.
Hopefully this helps. Good luck.
2006-11-17 16:36:29 · answer #1 · answered by Chrisusc 2 · 0⤊ 0⤋
Take a deep breath and get in touch with a lawyer and/or an accountant. They will tell you what to do next.
2006-11-17 16:18:08 · answer #2 · answered by Pascal D 2 · 0⤊ 0⤋