We Are Working With a Debt Settlement Company But Got Sued Anyway. – Krista
 | By Steve Rhode Ask me your question. |
|
“Dear Steve,
We have accumilated $24k in credit card debt and turned it over to a credit card consolidation company. After a few months of trying to pay more than we could afford, found that they weren’t really doing anything. We settled a few on our own, but times got rough and again we found ourselves incurring penalties and that we were “not eligible” for the credit cards’ debt programs.
So we found a company that would work with the debts to settle them. I just got served a court summons today and am scared out of my mind. I was told by the company not to respond to the lawyers letters of “threat” of suing and that they would work with them. But convienently they do not give legal advice.
After I have been summond, is there any way to not have to take it to court, or am I past the point of no return? Should I call the lawfirm and try to negotiate a payment plan?
Krista”
Dear Krista,
Unfortunately debt settlement does not protect you from being sued. The fact is you were not making the contractual payment and so the creditors sought a solution as provided for by law.
Your choices at this point are to negotiate a repayment solution you can meet with the law firm or seek legal protection under the law with bankruptcy. Bankruptcy will stop all suits and block any judgment or wage garnishment.
Try talking to the law firm first and if you don’t get anywhere with them, click here to find a local bankruptcy attorney you like and go talk to them.
Your situation is more and more common these days.
Big hug.
P.S. Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Source: We Are Working With a Debt Settlement Company But Got Sued Anyway. – Krista
Other Related Articles to Read
Do You Have a Get Out of Debt Question You Want to Ask?
I'm happy to answer any question you have about how to get out of debt, as honestly as possible by sharing with you my experience and truth that I learned from helping thousands of people to get out of debt. Don't be shy, if you need help, ask now, click here.And if you want to follow the latest questions and answers, just subscribe to my site RSS feed or get the email newsletter for free.
Comments
No comments yet.
Leave a comment