How to respond in case you get sued for a credit card debt

Harsh economic realities can easily land you in credit debts. However, this is not an issue. How you handle those debts is what saves you from all the headaches. Failure to attend to your obligations over a prolonged period can land you in trouble. You can get sued by your lender or tax collector after trying to reach out to you. If you continue to ignore them, they can take you to court, and you stand a chance of facing the law. You will likely get summoned by the court if you ignore your debts.

Court summons includes the date of the hearing, how to file a formal response, the total amount to be collected, and who is suing you. A lawsuit court summons is not a death sentence. You have a high chance of defeating your lender in case of an unlawful lawsuit. Do not ignore any court summons. Go through the letter and plan how you will approach the issue. You will likely be offered less than a month to figure it out yourself. You may feel like the lender has no right to sue you and ignore court orders .This will place you in more debt as the court will likely rule in favor of the lending institution.

Contact your lawyer; your lawyer is the best approach once you receive any court order. Attorneys have experience in these kinds of cases, whether you want o beat your debt collector or pay off the debt. He will guide and find the right settlement plan on how to pay or win your debt collector in court.

Dept settlement; your lender is more willing to negotiate than wait for you in court. If you are confident that the debt is yours, find a way to settle it on time. This will save you time and energy than being in court.

Verify your debt; Receiving a court summon isn’t enough evidence that you owe someone. It may or may not be yours. You have to verify if, indeed, you owe the money. Air debt collection practice act requires a debt collector to provide a validation letter providing the correct information about the debt, total amount, and the current creditor. If you are skeptical of the debt, you have the right to ask for more details on the loan. Write a letter asking for further information like the expiry or the original creditor associated with the loan.

Make a lump sum payment at once; such a situation may arise when one is unaware of owing any debts over time. Paying your credit cards all at once will save time if you have enough money. Some will allow you to settle a potion if you finish paying back as agreed.

Beware of fraud stars. It’s uncommon to file a case against a false credit card debt since it passes through several debt collection agencies. This means there can be potential room for mistakes. Perhaps the debt could belong to someone with a similar name or who lived at your address earlier. The bed might be a result of identity theft. If you get sued over a debt that is not yours, then your attorney will have all the power in his hands to help you fix the problem. Your debtor will compensate your legal fees for identity termination.