Most debtors who ignore credit card debt are also under the misconception that a call that says that they can be sued for non payment is just another collection tactic.
The truth however is that the credit card company can sue you for credit card debts.
As we all know Credit Cards give you a credit or a loan at a high rate of interest.
If you take a loan it has to be legally repaid.
In case the loan is not repaid the credit card company has the right to sue you.
The good news is that most credit card companies do this under certain cases only.
However if you are not the so called lucky one, it is important to take measures to prevent it.
In most cases the threat could be a collection attempt as it is both, time consuming and expensive for the companies to drag each and every debtor to court.
You can initiate a Debt Settlement and can see if it works out for you.
Try to prove that you are willing to pay a certain amount maximum you can afford and are looking forward to settle the debt.
Worst case scenario you have received a summon.
In such a case it is essential you abide to the guidelines and attend the court hearings.
Not doing so would result in a negative feedback and the court could pass an order in favor of the creditors.
It is advisable you seek legal advice as well.
In case the court orders to repay; the amount can be paid in installments based on your financial condition as decided by the court.
It is always essential to remember that once you are enrolled in a payment program you need to strictly follow it.
Not being able to do so will leave a negative remark on your credit score.
Debt settlement through a legitimate debt relief company can save you from being sued.
The qualified professionals will not only negotiate with the creditors for your benefit but will also help you reduce your monthly payments.
So if you are being sued for a credit card debt try to negotiate with the credit card company for a settlement and in case you have already been sued abide to the laws of court and make them aware of your hardship and finances.
See that you have chosen the right company for this sensitive issue.
As it can be greater trouble if you have not tied up with the right company.
The truth however is that the credit card company can sue you for credit card debts.
As we all know Credit Cards give you a credit or a loan at a high rate of interest.
If you take a loan it has to be legally repaid.
In case the loan is not repaid the credit card company has the right to sue you.
The good news is that most credit card companies do this under certain cases only.
However if you are not the so called lucky one, it is important to take measures to prevent it.
In most cases the threat could be a collection attempt as it is both, time consuming and expensive for the companies to drag each and every debtor to court.
You can initiate a Debt Settlement and can see if it works out for you.
Try to prove that you are willing to pay a certain amount maximum you can afford and are looking forward to settle the debt.
Worst case scenario you have received a summon.
In such a case it is essential you abide to the guidelines and attend the court hearings.
Not doing so would result in a negative feedback and the court could pass an order in favor of the creditors.
It is advisable you seek legal advice as well.
In case the court orders to repay; the amount can be paid in installments based on your financial condition as decided by the court.
It is always essential to remember that once you are enrolled in a payment program you need to strictly follow it.
Not being able to do so will leave a negative remark on your credit score.
Debt settlement through a legitimate debt relief company can save you from being sued.
The qualified professionals will not only negotiate with the creditors for your benefit but will also help you reduce your monthly payments.
So if you are being sued for a credit card debt try to negotiate with the credit card company for a settlement and in case you have already been sued abide to the laws of court and make them aware of your hardship and finances.
See that you have chosen the right company for this sensitive issue.
As it can be greater trouble if you have not tied up with the right company.
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