I got a notice today and I am being sued by Capitol One. Never been sued before and I don't even know how to repsond to their complaint. I need help, I have many credit cards I owe and its only a matter of time before they all sue me. Does anyone know what happens from here? do I sign up with a debt settlement company, can they help me? Will the courts give a judgement to Capitol one and all the others who follow suit as well? I actually had 3 capitol one cards, none of them were large cards, when I first got into trouble and could not pay, I asked Capitol one to consolidate the 3 small cards into one so I could afford the payments. They began trippling all the overlimit fees as well as late fees and it became impossible to keep up with all their fees. Now I am lost and don't know where to turn.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.