If I get served papers for owing money, do I have to respond to them?

Question

I got sent a letter from a collection agency saying that I owe so much money for student loans.
What will happen if somebody shows up at the door with papers to serve me?

Will I have to respond or will they not be able to do anything other than find a default in court and try to attach my bank account or take something?( not much in there, and dont have anything)

BY THE WAY , THE MONEY OWED IS FOR STUDENT LOANS AND I LIVE IN THE US.

AND I DONT WANT TO BE BOTHERED WITH BANKRUPTCY!

DONT WANT TO MESS WITH ANY OF IT!!

Answer 1

If you don't pay or set up some kind of payments they can seize your assets and/or garnish your wages if you make over a certain amount of money. If they can't get their money that way the court will place a judgement against you and it will go against your credit. If there is any way possible you should try to make payments to prevent this from happening. Good credit is so important to your future.

Answer 2

Clearly you have no conscience. A man with principles may borrow but is expected to return the monies in an honourable fashion, whatever they were used for. Why should you be an exception?
I loaned part of my savings to a man who si gned a written agreement for a few months with all details signed and witnessed. He has put up a flow of excuses for THREE years. He is nothing else but a robber. He has not been in financial difficulties; he simply doesnt want´to say goodbye to his money.
I have chased him through court - where the judge could see precisely what had been happening and ordered him to pay. He ignored this, and I have now moved on. I am about to take away his apartment. Me feel guilty? Not at all. He felt no twinge of conscience over the theft of my hard-earned savings, why should I be the decent, reliable being that he refuses to be?
If you didnñt intend to pay back or to wriggle off the hook you should never have accepted the obligation in the first place. SOMEBODY pays. There is no such thing as a victimless crime. I hope you get what you deserve, pariah. You are legally bound to respond to the court´s papers. If the creditor is determined he´ll follow you to the ends of the earth - and when the legal system eventually pins you down you´ll be pay ing FAR, FAR more than you owe at the moment as costs mount.
Try honesty!

Answer 3

You generally cannot bankrupt student loans, so that's not an option yet. If they are old student loans you may be able to bankrupt them, but you don't want to "bother." If you do nothing, they will get a judgment against you and hassle you for years. You won't be able to buy a house or a car on credit. If someone shows up to serve you with papers and you don't accept, they just post them on your door for the world to see. It's useless to try to avoid service of process. From a strictly legal--not moral--point of view, you need to make arrangements to pay these loans. Go to Consumer Credit Counseling if you don't have money to pay (your question didn't say). You don't think you have anything they can take? Don't be so sure. Is your car an exempt asset is your state? Will you ever get a tax refund? Do you expect to be poor forever with no assets? You can fix this problem now by dealing with it or you can ignore it and it will follow you for 28 years AT LEAST in my state. By the way--if they get a judgment against you it accrues interest at 8 1/2% in my state.

Answer 4

There is nothing you are going to be able to do...you owe the money and you will pay it, one way or another. Your best bet is to contact the collection agency and make arrangements for monthly payments. If you don't they will take you to court and win anyway. If they take you to court, you will be responsible for their court expenses also.

You cannot duck your student loan...They can not only attach your accounts but personal possessions such as your car and anything of value that you own. They can put a lien against your salary and any future earnings.

You need to step up and repay this. It was the taxpayers money you borrowed (that's US), and you owe it. Nobody is entitle to a free education at the expense of the taxpayers.

Answer 5

Being served papers is a court deal. If you don't respond you can lose by default. You honestly need to get those student loans off your credit, either by setting up payments with the company you owe or filing bankruptcy. Student Loans are serious. they can stay on your credit ruining it for 20 years no joke.

Answer 6

you do not say even if the student personal loan is a uk personal loan or a US one. The regulation is truly diverse in each united states. in the style of the non-public loan being from uk pupil loans then the opportunity of that's being enforced in besides in the U. S. is amazingly small. If on the different hand you've been resident in the united kingdom and the non-public loan replaced into sourced in the united kingdom then a debt collector might want to write to you, call on you in the journey that they think about it an suited plan of action, and ultimately a declare in the courts may nicely be the outcome. If served with the declare information by ability of the courtroom you do not ought to reply, in spite of the undeniable fact that the plaintiff can then receive judgment by ability of default, and ask the courtroom to coach bailiffs, or inspite of this an attachment of earnings order may be made meaning the money is taken direct from any pay you get.

Answer 7

If you are being served with papers, that is considered formal notice of whatever is on the papers.

If the papers say you have to show up in court on such-and-such a date, and you do not show up, then you lose by default. If you lose by default, then the court can take steps to make you pay, including seizing assets or garnishing future wages.

Answer 8

YOu were served court papers? Civil or small claims? You don't have to respond, but you have to show up.

Even if you don't have anything now, they will get it when you do. At least try to get them not to attach a bunch of interest.

Answer 9

If you take out loans and don't pay them, you're a schmump. If someone came to your door and broke your legs, you'd deserve it.

Answer 10

No, but your credit score is going to be horrible if you dont do something. They will continue to hassle you. just dont answer. They cant "take" any money from you.