I am being sued by citibank credit card. I live with my daughter and have no income, i have not been able to pay on this debt since oct2001, i am scared i have never had this happen to me. what is the worst thing will happen to me?
Not much, especially when you indeed owe the debt.
Well, the creditor has the discretion not to cooperate with the
settlement firm and therefore can sue you for the debt. I'd suggest you
to speak to the settlement firm immediately and update them about the
development. You need to build a defence for yourself to reply to their
summons.
Do you have documents to show that HSBC has rejected your settlement
proposals in the past when you tried to sort the matter with them? Also
carry proves that you're currently on social security which can't be
garnished.
like sc mentioned have those
papers ready and take them to court with you. in my case the judge was
pretty peeved that citibank waisted his time when i was trying to do
something instead of nothing. they dont look too kindly on that sort of
thing and it will help in your favor, you will mostlikely still get
judgment BUT how he requires you to pay it may make it easier. in my
case i had as long as i wanted to pay it or not pay it. he put a lein
on my home and told me right in front of them if i have never had
intentions of moving dont worry about paying it. i still did when i got
the money but still i had as long as i wanted. and you can still
negotiate even after judgement keep that in mind
also
Hi everybody. I just
registered here, and this looks like a great forum. Very professional
and friendly. Keep up the great work!
I'm just an average city kid, currently i am attending the university of
philadelphia and my name is Sam. Just wanted to say hello to you
all i hope to have a great time here i guess!
Sub: #33 posted on Wed, 01/13/2010 - 22:47
Unregistered
We have been served in
missouri for a substantial credit card debt after we received letter of
validation and we are within the SOL. We now can afford to go on a
payment plan or debt settlement. How do you suggest we respond? Thank
you.
Sub: #34 posted on Thu, 01/14/2010 - 15:34
Unregistered
well first you need to figure
out if you want to do a payment plan or if you want to save to
settle
my wife is getting sued by
collection co. for citbank the court date in 25 days what should we do
thanks
Sub: #36 posted on Sun, 01/17/2010 - 20:33
Unregistered
im in nc can a credit card
company take my property for a unsecured debt and can the court order me
to sell my property
Sub: #37 posted on Wed, 01/20/2010 - 15:10
Unregistered
Once a credit card
"charges-off" your account and sends it to an attorney or agency can a
judgment be filed? and if it can . . . can the judgment be chargfed off
in a bankruptcy?
Sub: #38 posted on Fri, 01/22/2010 - 11:17
Unregistered
what is the sol in mo? we are
2 mths behind on credit cards bills and just can't pay anything right
now. companies are not willing to work w me and am affraid we will get
a lawsuit on us.
Sub: #39 posted on Mon, 01/25/2010 - 08:08
Unregistered
Not sure about sol in your
state but 2 months late will not get you sued. The companies won't work
with you because you are not late enough.
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Not much, especially when you indeed owe the debt.
Well, the creditor has the discretion not to cooperate with the settlement firm and therefore can sue you for the debt. I'd suggest you to speak to the settlement firm immediately and update them about the development. You need to build a defence for yourself to reply to their summons.
Do you have documents to show that HSBC has rejected your settlement proposals in the past when you tried to sort the matter with them? Also carry proves that you're currently on social security which can't be garnished.
Sub: #31 posted on Sun, 01/03/2010 - 21:31
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Sub: #32 posted on Mon, 01/04/2010 - 11:24
(Posts: 1434 | Credits: )
I'm just an average city kid, currently i am attending the university of philadelphia and my name is Sam. Just wanted to say hello to you
all i hope to have a great time here i guess!
Sub: #33 posted on Wed, 01/13/2010 - 22:47
Sub: #34 posted on Thu, 01/14/2010 - 15:34
Sub: #35 posted on Thu, 01/14/2010 - 16:49
(Posts: 1434 | Credits: )
Sub: #36 posted on Sun, 01/17/2010 - 20:33
Sub: #37 posted on Wed, 01/20/2010 - 15:10
Sub: #38 posted on Fri, 01/22/2010 - 11:17
Sub: #39 posted on Mon, 01/25/2010 - 08:08
Sub: #40 posted on Mon, 01/25/2010 - 08:21
(Posts: 555 | Credits: )