Can You Be Sued For Credit Card Debts?
Asking can you be sued for credit card debts is pretty much admitting the fact that you have an unmaneagable amount of debt on your credit card and you are looking at the option of not paying it, and hoping that it goes away.
One of the most important things to remember with any debt that you may have is that it will not go away on it's own.
If you are worried about being sued for your credit card debt, you first and foremost have to face up to the fact that you can't just run away and hope the credit card company wont chase you - they will if you try to do that.
One of the most important things to remember with any debt that you may have is that it will not go away on it's own.
If you are worried about being sued for your credit card debt, you first and foremost have to face up to the fact that you can't just run away and hope the credit card company wont chase you - they will if you try to do that.
Will They Sue Me For My Credit Card Debt?
What does it take for the credit card company to sue me?
OK, the short answer to your question here is YES.
The credit card companies do differ as to how much debt you have before they will sue you.
The can take you to court a number of years after your unpaid debt, and this differs again depending on where you live. The number of years is called the Statute Of Limitations.(SOL)
If you know the number of years and the credit card company try to sue after the SOL date, you can defend yourself with the SOL defense.
You will need to show the judge proof of the default date, for example statements or copies and show the default date.
But you are better off to settle the debt, because if a judgment is filed against you, it can remain on your credit report for up to seven years. If this happens your credit history will not be a good one.
The credit card companies do differ as to how much debt you have before they will sue you.
The can take you to court a number of years after your unpaid debt, and this differs again depending on where you live. The number of years is called the Statute Of Limitations.(SOL)
If you know the number of years and the credit card company try to sue after the SOL date, you can defend yourself with the SOL defense.
You will need to show the judge proof of the default date, for example statements or copies and show the default date.
But you are better off to settle the debt, because if a judgment is filed against you, it can remain on your credit report for up to seven years. If this happens your credit history will not be a good one.
How Can You Stop Being Sued For Credit Card Debt
First steps...
Congratulations! If you have not closed this window down and looked for someone else to tell you that you wont really be sued for your credit card debt, you are in the right place, because I can help you.The first step in all of these things is communication.
Imagine if someone owes you money.. pretend that you are not essentially worried when you get the money back, because you don't need it to survive, but you do ultimately want it back. Bear with me for a minute.. So how would you feel if this person just disappeared? If they didn't reply to your calls. If you write them and they just don't reply? You get the idea..
You would feel a whole lot better about the debt if they answered you and explained a few things. You are far more likely to listen to them.
It is the same with the credit card companies.. This is your first step.
"I know I have a debt and I am trying to address it, but I do need help.."
I know What It's Like Having An Unmanageable Credit Card Debt
The second step in avoiding being sued for credit card debts, after informing the credit card company is forming a plan of action.
Well like you, I was in that position and the world can seem to close in on you and you feel trapped. I felt like I was in a small box and everyday someone tightened the straps and the box got smaller, and smaller. I felt like I was on my own and didn't know how to fight back.
Well there is hope and you should know that you are not the only one this has ever happened to. And you should also know that there are many, many people who have been in a much worse situation than you are.
So lift up your eyes, don't look at the ground anymore.. face your problems head on and lets do something about it.. ok?
Well like you, I was in that position and the world can seem to close in on you and you feel trapped. I felt like I was in a small box and everyday someone tightened the straps and the box got smaller, and smaller. I felt like I was on my own and didn't know how to fight back.
Well there is hope and you should know that you are not the only one this has ever happened to. And you should also know that there are many, many people who have been in a much worse situation than you are.
So lift up your eyes, don't look at the ground anymore.. face your problems head on and lets do something about it.. ok?
THE WAY OUT - Want To Eliminate Your Credit Card Debt?
How You Can Get Out Of Debt Fast -
Did you know that there is a way that you can get out of debt fast without filing bankruptcy or signing up for a long-term debt repayment plan which could years to pay off?You, as an average, everyday person, can't possibly keep up with all the latest legal developments and government action on this subject.
In fact, 99% of the lawyers in America can't (or won't) keep up on this stuff either! And the few who do charge a kings' ransom for their help.
But if you want to eliminate your credit card debts this will show you exactly what you need to do to and you'll discover the latest and up to date tactics for getting out of debt as soon as possible!
Here's my favorite link:
Suffering From Credit Card Debts
Why Not Give Us Your Thoughts And Experiences?
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- millstonerobert millstonerobert Oct 18, 2009 @ 1:46 pm
- Excellent lens on Debt Negotiation Settlement, I found it very informative and user friendly, it's important that people are made aware of their options if they ever fall into an insurmountable level of debt.
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