I'm being sued by credit company...what should i do?? HELP?

Question

I owe this credit card company 3 thousand dollars and i they send me this letter of summon to go to court...they say they are going to sue me....what should i do..what can i do??

Answer 1

The only way out would be if the time limit based on the statutes of limitation has expired: usually like 5-6 years from the time the debt went delinquent. If not, there's no way out. You'll have to go to court- most likely an arbitration hearing- and negotiate settlement terms. After that, a judgment will be passed against you and you'll have to make regular payments according to the settlement terms until the judgment is satisfied. Good luck.

Answer 2

Hire an attorney, or pay them off.

The attorney will probably cost at least $1,000.00, so you may be better off negotiating a settlement with the credit card company. As a negotiating ploy, you might mention that you don't have much money, and are looking into credit counseling and bankruptcy as alternatives.

Answer 3

Hurry and try to settle out of court for 1/2..otherwise if you go to court and they get a judgement against you until you pay you wont be able to buy a house or nothing major.

Answer 4

Stop dodging them and make arrangements to pay them. They are taking you to court because you have made no effort to pay your debt.

If you are having trouble paying your bills, take a look at Consumer Credit Counseling Service. I have been a client for a couple years and they have been great. Check them out at: http://www.cccsintl.org/

Answer 5

Get a lawyer.

Answer 6

pay them.
and stop trying to ignore them.
they would not have sent you the summons if you had sent them money.

Answer 7

get a lawyer asap!!!!! and pay the money