No one likes to wake up and find out that they are being sued by a credit card company. I experienced this a few years ago and my stress levels went through the roof. It is hard enough trying to balance all of the other things with in your life before one of these lawsuits comes. The hardest part about dealing with a credit card lawsuit is that it is completely foreign territory for the average person.
One of the first things to understand when being sued by a credit card company is that the company's motivation is to make as much money as possible. If you are being sued it usually means that they feel that it is the only possible way to collect on your account. In some cases this is not true. Citibank, for example, sues almost any of their customers who default on their payments.
As long as you are not dealing with a creditor that acts like Citibank, it can be fairly simple to avoid being sued. Ironically, some consumers try to send their creditors cease and desist letters. This is a terrible mistake because as soon as your creditor receives that letter, they will immediately have to take legal action against you.
No matter where you are in the credit card collection process you want to avoid being sued by a credit card company if it all possible. Your chances for settlement and the stress that will come into your life will be much less if you do not have to go to court. Even after doing everything you can do avoid a lawsuit, you may still find yourself being sued by a credit card company. This is not the end of the world but you will probably feel overwhelmed with all of the information you will have to process.
When being sued by a credit card company, the lawsuit will always start with a complaint or multiple complaints being filed against you. It is also common to see the creditor file motions against you right from the beginning. Don't be intimidated by this because you can file these motions back at the creditor just as easily as the fire them off against you. Then you can move to answering complaints.
It might seem hard to know how exactly to answer all of the complaints filed against you by your creditor. Do not let this intimidate you. Do everything you can to find the correct answers and be sure to follow all the legal procedures when filing these answers. How you answer the complaints makes a huge difference later in the legal process.
One of the first things to understand when being sued by a credit card company is that the company's motivation is to make as much money as possible. If you are being sued it usually means that they feel that it is the only possible way to collect on your account. In some cases this is not true. Citibank, for example, sues almost any of their customers who default on their payments.
As long as you are not dealing with a creditor that acts like Citibank, it can be fairly simple to avoid being sued. Ironically, some consumers try to send their creditors cease and desist letters. This is a terrible mistake because as soon as your creditor receives that letter, they will immediately have to take legal action against you.
No matter where you are in the credit card collection process you want to avoid being sued by a credit card company if it all possible. Your chances for settlement and the stress that will come into your life will be much less if you do not have to go to court. Even after doing everything you can do avoid a lawsuit, you may still find yourself being sued by a credit card company. This is not the end of the world but you will probably feel overwhelmed with all of the information you will have to process.
When being sued by a credit card company, the lawsuit will always start with a complaint or multiple complaints being filed against you. It is also common to see the creditor file motions against you right from the beginning. Don't be intimidated by this because you can file these motions back at the creditor just as easily as the fire them off against you. Then you can move to answering complaints.
It might seem hard to know how exactly to answer all of the complaints filed against you by your creditor. Do not let this intimidate you. Do everything you can to find the correct answers and be sure to follow all the legal procedures when filing these answers. How you answer the complaints makes a huge difference later in the legal process.
About the Author:
Looking to find the best information on what to do if your being sued by a credit card company, then go to http://www.creditcarddebtlitigation.com for the best Credit Lawsuit information available.
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