Pay Your Debt After Being Sued By Your Creditors:

If our creditors legal departments are not successful on collecting the debt, they may file for a lawsuit. In some cases, the credit card companies may sell your debt to a debt vendor or debt attorney for pennies on a dollar, which at that point, the collection company will try to collect the outstanding debt plus their fees or file a lawsuit against you. If at any point you receive a summons, and if you did not respond to the summons within the specified time frame, the creditor will be issued a Default Judgment. The Default Judgment will give the creditor the right to file for a wage garnishment, levy cardholders bank accounts or put a lien against their property.

The fees added to a summons include:

  • Entire amount of debt, Plus
    • Attorney court costs
    • Interest for entire time debt amount owed which includes the time after the cardholder stopped making payments
    • Late fees
  • Creditor will be able to also to take your wages directly from your paycheck by serving your employer with a court order to do so
  • Creditor will be able to put a creditor’s lien against your home for entire amount of your debt which will prevent you from selling your house until entire debt is satisfied and paid in full
  • Creditor can directly take money from your personal bank account by filing a levy with your banking institution
  • Creditor can put a lien against any other assets you may own

Learn how to go debt free!

Give us a call to schedule your first consultation.

  • 1-866-504-1098

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