i was paying my bill as best as i can pay them for the most part until my income got reduce due to less or no overtime of which i was use to.
in july of 2010 i signed up with lloyd ward and associates to help to management my credit card dept i was told that they would have all of my dept settled within 18 months and that i should not answer my phone when these creditors call i should also tell you that i was about one month behind with almost all of cc except for maybe one.
i was also told that creditor calls will stop within 60-90 days the calls has finally stopped but i am now being sued by one of my cc company
i called lloyd ward and associates and was sent a summons package to fill ou and was told that someone would get back to me in 5 business days that was on 10-21-2010 i have yet to hear from anyone.
I have spoken to some of my creditor and they inform me that no one from llyod ward and associates have contacted them like t hey told me that they would when i signed up with them.
what is the first step in handling being sued? what can i do? please help
I’m afraid they may not have told you the entire story. You see once you stop talking to and paying your creditors and then start sending your money someplace else the creditor has the right to do what they say they will due in your agreement with them. Typically that is to sue you.
Lloyd Ward & Associates should never have told you you could not be sued or given you the impression that was not a possibility. It always was.
Now that you’ve been sued by a creditor you have several options.
- You could contact the creditor and see if you can work out a payment plan to them you can live with.
- You can not show at court and then lose by default.
- You can show at court and probably lose.
- If you lose then the creditor could get a judgment and go for a wage garnishment.
- You could file bankruptcy and discharge all your debt quickly, stop this and any other suit and move on with your life.
- You could continue to contact Lloyd Ward & Associates and attempt to get some straight answers from them.
- You could contact a local attorney for specific legal advice regarding your situation.
You can click here to find a local bankruptcy attorney and if you’d like a second opinion about your situation or a personal consultation by another debt coach, please feel free to contact
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.