What to do When You Get Sued for Credit Card Debt?. So many people are walking around with months’ worth of credit card missed payments. Credit card debt is one of the most common debts that many people have because almost everyone has a credit card.
Now they do not know that they can simply get sued for credit card debt, if you are among such people this article is for you. Today we are going to take a look at What to do when you get sued for credit card debt.
If you are only a credit card you have to stop and make sure you read this article to the end before continuing whatever you are doing. Because if care is not taken just a missed chemical payment can simply become a pain in your financial life. Therefore it is time for you to know how and what to do when you get sued for credit card debt.
Can I Get Sued for Credit Card Debt?
Just as I have mentioned above so many people are walking around with months worth of credit card debt but just owning 1 or 2 months of credit card debt cannot get you sued by the credit company. And occasionally missed credit card payment will not make you get sued it will only just affect your credit score. But once you have missed off 24 month of credit card payment this is where your account can be turned over to a debt collector.
Now after every effort has been made by the debt collector to simply collect on your debt or make you pay to no avail it is when you are not in danger of getting sued. So to answer the question yes you can be sued or someone to court as a result of an unpaid debt.
Can I Go to Jail for a Credit Card Debt?
The answer to the question is a very big no but you can certainly get sued to court for a credit card debt however you cannot go to jail.
If a creditor or a debt collector threatens you with the time you are within your legal rights not to respond to such threats because they have no authority to do that. Any debt collector or creditor that does that has violated and broken a law.
What to do When you Get Sued for Credit Card Debt
After you are getting sued for a credit card debt that you owe do not panic you should try to keep calm as much as possible. Once you are calm there are setting steps that you can take in order to properly resolve the issue because a court order is not what you want to ignore. That being said below are some of the best steps to take on what to do when you get sued for a credit card debt.
Do not Ignore the Summons
You should never ignore a court summons when you get one this is because you might be in danger for the court ruling in the favour of your creditor. What you do in this case is to find out how much time you have left to reply or respond to the court summons. You might have between 20 to 30 days in order to respond which is enough time to plan your course of action.
Verify if the Debt is Yours
Before making any arrangements to pay off a debt that you are being sued for you should first of all verify if the debt is yours. Many dead can get passed down from one collection agency to another and in the process errors and mistakes and need to make sure to verify if it is yours. The Fair Debt Collection Practices Act mandates all debt collectors and creditors to send a verification letter confirming the debt they are looking to get paid.
This is one of the best ways to verify that the dabt that they are asking you to pay is yours because it will contain the name and every other information about it. This letter is usually stipulated to arrive 5 days after the initial debt collector communication.
Contact your Attorney
After you have verified that the debt in question is totally yours and it is within the right of the debt collector to collect on the gate you can I contact your attorney. You attorney is definitely a professional and he or she will give you directions on what to do next either to pay or to fight it. Therefore make sure you did not take any course of action without having contacting your attorney.
Settle the Debt
After you have finished discussing with your attorney the next thing to do is to know how to settle the debt. There are various ways you can use in settling a debt which include negotiating a better deal and orders. Do you know I have listed tips on how to settle credit card debt so that you do not have to pay the full debt.
How to Settle Credit Card Debt before going to Court
You should not just agree to pay the entire money you are being sued for you should try to negotiate a deal before going to court. Below are some of the ways you can use in negotiating a better deal:
- Take a look at your budget in order to know how much you can afford to pay and the one you cannot afford to pay.
- Ask the debt collector for a payment plan if you are not going to be able to pay it in full. This will help you split the debt into smaller chunks that you can simply pay off.
- Make a lump sum payment. some creditirs will be able to allow you to make a large payment at once so instead making the full entire payments.
These are some of the stuff that you can take to properly settle in credit card debt before it goes to court. Like it or not your creditors does not want you to go to court please only when you keep ignoring them that is when you will get sued. So you can simply negotiate a better deal now that they have gotten your attention.
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