What is the best way to not get sued?

Question

i was careless with money when i was younger, and now i owe money to 3 major credit card companies (Bank of America, Citi, Chase) i was able to settle with Citi, so i'm not worried about them, and they were my biggest debt, but now i have Chase threatning to sue me for only $2300. do you think they will sue? i have the money to pay them off, but they want too much. they want $500, but i can only send now $100. do i send the $100 or call them, or what?? please help! thanks!

Answer 1

No, they won't sue for that amount. It will just stay on your credit report for 7 years.

Yes, call and make a payment arrangement. They have to accept it even though they will try to get as much as possible from you up front.

Keep in mind to ask them what specifically will happen with your unpaid balance, if you can stop it from accruing more fees.

Answer 2

I have never seen so many totaly crappy answers in my life.
"send them how ever much you can"
"they wont sue you"
"they ahve to take waht ever you send them"

These are all CRAP!

Chase and Bof A are two of the biggest credit card companies and they sue people everyday. ususally anything over $1500 they will sue on.

If you have the money, pay it. This will be your best move. If they sue you and get a judgment it will stay on your credit for years and years. And regard less of what some people tell you, there is no way to remove a judgment if it is being reported correctly.

these two banks are very good at taking settlement offers, this will however show on your credit that you did not pay the entire amount, but it is better than getting sued.

So, to answer your question: "What is the best way to not get sued?"----PAY YOUR BILLS

I prmoise you that if you pay your bills on time you will never get sued for bad debt.

Answer 3

Send them SOMETHING...or they will certainly sue you for the full amount, and for the expenses they incur in getting back the money you borrowed from them and are now reluctant to pay back. The fact that it's "only $2300" is completely irrelevant to Chase, they already have full-time lawyers on-staff, so it costs them the same whether they sue you or not. If they do, they will likely be awarded the $2300 + court costs, and if you have a job, your paycheck will be garnisheed a Court-established amount. Far better to work with them so you have some control over how you make the repayments!

Answer 4

By law, they cannot demand more money than you can afford to pay. Start keeping track of every time you speak with them, and if you can remember when you spoke with them or had any relations with them at all, document it now before you forget. Send them what you can afford. DO NOT GIVE THEM ACCESS TO YOUR ACCOUNTS. Do not let them bully you, that is harassment. I'd suggest watching your credit report too, if you aren't already. You can get a good price on it at www.freecreditreport.com. I use this site. Send them the $100 now, and make sure to keep a copy of it. In addition, get a copy of your statement after the check has cleared. This will show that you are trying. They can sue you if they want, but if you are making an effort to pay it, and you can prove it, the judge will most likely side in your favor. Usually they threaten to sue you to intimidate you though, and they don't actually follow through with it. Again, that's harassment. Pay only what you can afford to pay, but do make the effort.

Answer 5

Call them and tell them you can send 100.00 now and when you will be able to make the next payment. Technically they can sue you. However understand they are likely saying this to 'encourage' you to pay. It would cost them more to sue you then to write it off. Paying them SOMETHING now increases your chance of not getting sued.

Also understand that getting sued doesn't mean much. You'll get a judgement against you to pay but they still can't force you to.

It's admirable that you are trying to do the right thing. A lot of creditors are sleazy-don't let them faze you.

Answer 6

Credit card companies will take what you give them. They base their "to sue or not sue" decision on the card activity. This includes payments. Send them the $100.00 Even if they say they have to have $500, they will take what you send them and that will get them off your back for the time being, but don't slack off after that. BY LAW, YOU CANNOT BE SUED IF YOU ARE MAKING AN HONEST EFFORT TO PAY THEM BACK. Keep sending them what you can when you can, until you get it paid off, then kiss that company good-bye.

Answer 7

You owe them $2300, you have the money to pay them off but you think $500 is too much? Weird

Just send them what you can, if they see something coming in they will leave you alone. If you send them 0 I am sure you will be haunted by collection agencies and bad credit reports the rest of your life.

Answer 8

Send the $100. They note everything in your account, so any attempt to pay them off is better than no attempt at all. You can really try to work it out with them to have a payment plan. They just want their money. Just hope you get one of the nice operators and hope for the best. Good luck. Debt sucks!

Answer 9

Try calling them first. If you tell them you are sending something and you send it, they will usually back off somewhat. Give them a call and see if they will work with you. They know that if they sue you and you merely don't have the money, they won't get it anyway. So they'll likely work with you. If you do nothing, however, they most likely WILL sue anyway, and if you have a job, you could get your wages taken. It sucks. Good luck!

Answer 10

If you have the money to pay your debts, then you are legally and ethically required to do so.
Call the American Consumer Counseling Center - unlike a lot of those "debt solution" places, this is a non-profit and won't take your money. They can give you some great counseling and advise you on how to reach a fair solution with BofA and Chase.

American Consumer Counseling Center
http://www.consumercredit.com/ or 1-800-769-3571