Can you be sued for credit card debts?

How much can you afford to pay off in 90 days? 30% is pretty much the "standard" settlement.

I live in Va and came home from work today and received a warrant in debt from Citibank for $14,100. The court hearing is 2/1/2011. This was taped to my front door. I lost my job about 14mo ago and about a year ago took another job that making about 50k less. I stopped paying all of my credit cards to make sure that we could make our mortgage payment and other expenses. My wife and I have been planning on filing bankruptcy just never really got in gear to do so. I havent made a payment on this card or used it in over a year. What should I do with the court date being so soon...Should I start the bankruptcy process immediately?? I want to keep my home so I have tried to keep it paid up to date as best as possible. I need help in a hurry. Any suggestions would be welcomed. Thank you

While this site can be informative, there are some "hands-on" sites like Creditinfocenter and Debtorboards that will provide detailed support, plus examples of what to do and how to do. You can begin your own thread there, central to you problem. First thing, of course, take a deep breath....one step at a time.....

My spouse and I owe close to 20,000 in credit card debt, with a credit union that I also have my car loan with. We are current on the loan payment, and are making payments to the credit cards. The issue is our payments are not in the amounts that the credit union wants,but they are within our means. We are for the most part conistent with these payments of $150 on one card and $125 on the other. The credit card company is demanding $300 on just one card. Both card accounts are closed, we naively thought this would help our situation.

Now they are threatening to sue. Do they have grounds to sue, and how do we get them to settle if they do not want to work with our payment amounts? They have even threatened to repo my vehicle. What can we do?

If you do not pay off the dues to the credit union, then they will have the rights to sue you. You should negotiate with them so that they agree to settle the dues with you. You can even take the help of reliable debt relief companies of your area and they may help you in settling the dues with your credit union.

Joanne- I feel your pain, I don't have an answer for what you should do, but I would be very careful in choosing a debt relief program. I went that route in 2008, my debt was just over $20,000, they would work with my creditors & after paying a monthly payment for approx. 40 months everything would be okie-dokie. Well it's been 27 months now, I've paid over $10,500.00 towards my dept (oh wait did I forget to tell you, they said my debt would be settled at around 40%/$9,000 & some change), ok where were we, yeah, $10,500.00 & so far 2 cards have been settled. Thats 2 out of 9 cards. Today, with accrued penalties & interest on the other 7 cards, I owe approx. over $25,000.00. I was told not to deal with the creditors, that was their job, they would take care of that for me. I could have taken all the deals & been close, if not out of debt. So please, don't dig the hole any deeper. If they want a big fee up front, "scary". Take Care & Good Luck. Jim

ive,been call many times by a collection agency cause a debt with bank of america,i have settle to pay certain amount every month but they keep changing from collection agency and every time new people and dierent amount of money.its been over ten years now.The last person who call me i explain that i cant pay the amount they are asking which is most interest on delay.they keep calling so i stop answering the phone.is there anything i can do? i propose myself to go into bankrupsy cause i cant aford the amount,plus i only recive smal amount to pay my dues fron social.

i used credit solution for relief of my debt,what happens after certain time i never got any relief and kept paying in a saving account for that purpose,they never gave me any solution to my problem and my credit was damage, today ive been haras by collection agencyes for the money they were suppose to deal with,i dont trust anyone anymore.

What is SOL?

Statute Of Limitations

Going to Answer- I am told the debt collection atty often doesn't show up in court. Are these collectors really just going for default judgments?

If the attorney doesnt show, he doesnt get a judgment.