The card is in my name and I dont work. My husband is employed. I have received the summons and complaint. Now what?
2006-12-26 07:45:50 · 7 answers · asked by ea1825 2 in Business & Finance ➔ Credit
If a credit card company sues you, big deal! If you're nor working, you don't own property, and you don't have large sums of money in the bank, then all they have is a judgement on a piece of paper. Don't sweat it. Plus, you might want to check the credit card statute of limitations for your state to see if the statute of limitations has come up. If it has, then they can't do anything more than write you hate mail. Good luck.
2006-12-26 15:19:28 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Unfortunately, the obligation is yours, even if you are unemployed, as you contractually obligated yourself to pay the debt incurred on that card when you signed up for it.
The credit card company will most likely exhaust its normal collection proceedures (phone calls, letters, etc.) before electing to go to court. Once it does, however, a "judgement" will be given to them by the courts that you owe the debt and interest on the amount unpaid until it is paid or "settled".
How they then proceed to collect the money owed to them under the judgement varies from state to state. In some states garnishing wages is allowed, in others it is not. In some states a levy against an active depository account can be made, in others it cannot. A levy basically "freezes" any money in an account owned by you (or co-owned by you) and then forwarded to the judgement holder. Depending on the amount, the credit card company may execute it's right to "discovery" to see if you have assets that may be seized and liquidated to pay off the judgement. This may include real estate and other assets unencumbered by other creditors.
My advice would first be to read the documentation you signed when you ordered the card and then contact the credit card company and see if either a settlement or long term repayment program can be made on the debt.
From the lender's viewpoint, a communicative borrower that shows intent to repay the obligation and makes an effort to do so does carry some weight. It's usually when communication breaks down that they then go through the legal process to obtain judgement, the charges they incur to obtain that judgement will be added to the amount owed to them.
2006-12-26 08:15:20 · answer #2 · answered by bnkr27 2 · 0⤊ 1⤋
The realy question is why did you not pay these debts? You are legally and morally responsible for this.
Contact the company and set up a repayment schedule.
Make up a monthly budget and included as much as you can to repay these debts.
Sign up for Financial Peace University at your church.
2006-12-26 07:54:15 · answer #3 · answered by iraqiwildman 2 · 0⤊ 2⤋
Your employment status is not relevent.
You need to show up, with ot without an attorney.
If you do not show up whatever they say is what goes. If they are only suing for money, and you are in a community property state, they can attach your husbands wages, accounts, etc, if they can't get what is owed them thru you directly.
2006-12-26 07:52:15 · answer #4 · answered by Landlord 7 · 0⤊ 2⤋
Pay them before you get a judgment against you. that stays on your credit for 10 years. All credit card companies will settle. SETTLE
2006-12-26 07:49:34 · answer #5 · answered by Patrick G 4 · 0⤊ 2⤋
You go to court on the appointed day. You present your side, they present their side. The judge decides. You pay up.
Who cares that you don't work. You made the charges so you should have to pay.
2006-12-26 07:49:48 · answer #6 · answered by parsonsel 6 · 0⤊ 1⤋
Settle!!
2006-12-26 07:53:16 · answer #7 · answered by Mimi 6 · 0⤊ 1⤋