 Is having 4 credit cards good or bad? |
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is this legit?:
thiS IS TO OFFICIALLY INFORM YOU THAT YOUR EMAIL HAS DELIVERED YOU AND WE HAVE VERIFIED YOUR INHERITANCE FILE AND FOUND OUT THAT YOU HAVE NOT RECEIVED YOUR PAYMENT AND YOU HAVE NO... |
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Wild H | I received a judgement against a credit card...? |
I had a credit card with a small limit, but life happens (births, accidents causing disability, etc) and I was just making the bare minimum payments until the extra fees and interest being charged were almost 3 times the credit limit. Anyhow, I am now receiving paperwork to attend court for a judgement against me. What (if anything) can I do to stop this from happening? And what happens with a judgement because I have never had one against me before. (note this debt is below $2000 but I support a family of four (one disabled adult and two children) on a small income, and we are barely making it as we are). Thank you for any help... |
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Sgt Big Red
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If you receive a notice that a default judgment has been issued against you and you were not aware of the court date, immediately go to the court and request copies of all the paperwork.
Look for mistakes and misinformation, especially on when and how you were notified. If you believe you were not given "due process" then you can file a motion for rehearing or motion to dismiss with the court.
If you can prove that you were not given due process, the judge must consider your circumstances. It's possible to have the case dismissed. Unless you are very comfortable with filing pro se (by yourself) I highly encourage you to discuss your case with an attorney well versed in credit and debt consumer law.
If you have recieved notice of a pending judgment and a court date, then you might try the following.
Request a waiver as being "Judgment proof" (if you qualify)
Judgment-proof is the commonly used term but a more accurate term would be "execution-proof"!
Although creditors and debt collectors win lawsuits, they still have to collect from you, but if you are penniless then you are at least temporarily insulated not from judgment but from execution of the judgment (the collection of the debt)
You may be considered "Judgment Proof" during periods of unemployment or while drawing disability pay or disability retired pay or if you have no assets such as home, car, land, and other big-ticket items. In other words, you have no money and can prove it!
Never ignore a lawsuit just because you are broke or have no assets! If a debt collector or creditor is trying to sue and you believe that you are judgment proof, you must respond to the lawsuit as such.
Failure to appear and show the judge why you are judgment proof opens the door for the judge to grant the collector a "default judgment". Even though they cannot collect anything from you now, with a judgment against you, collectors can wait many years while periodically trying to collect the debt.
Judgments also show up on your credit report as a huge negative! If you lose your "judgment proof" status due to new employment, be advised that whoever owns the judgment can seek wage or bank account garnishment.
So, unless the debt has expired, once you're employed again, it's better to negotiate a reduced payoff rather than risk a court-ordered judgment.
Your credit report will show "debt settled" instead of the more negative "judgment"!
Hope this is of help
LEGAL DISCLAIMER: The advice contained herein is for informational purposes only. It is not to be construed as Legal Counsel nor Legal Advice. |
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SDD
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YOU did not receive a judgment against a credit card company, THEY are seeking one against YOU. And their is nothing YOU can do to stop it. THEY would have to withdraw the court process, which would only happen if you reaches some sort of settlement agreement with them |
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Pengy
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At this point you can do two things. But I digress how old is this debt? If it is past the statute of limitations (usually 4-5 years) since the last payment then by all means go to court and state that it is past the SOL. If not either call them, explain the situation and see if they will work with you, another option that just came to mind is to call the local Consumer Credit Counseling Service in your area, a non profit agency that might be able to get a payment plan without, or with a reduced interest rate. If all fails and the court date remains make sure you show up because if not, they win by default and can and will garnish your wages. |
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keith_dude
 |
Hi there!
Did you ignore a summons to court? Is this a hearing to determine how the judgment will be enforced or is this the start of the court case?
If this is a judgment hearing, then you need to contact legal aid society in your area and get someone to help you. You will need to assert your exemptions to prevent your assets from being taken. Seeing as you have very little from what you describe in your situation, you're probably judgment proof as it is. An exemption is something that you ask the court not to take. You're allowed exemptions, but what exactly varies from state to state. If you lose a court case, typically the plaintiff must serve you with the necessary exemption papers. You then fill them out and send them to the court and to the plaintiff who can either object or accept what you submitted.
Does the credit card company know about your situation? Were you sued by the credit card company or a debt collector/collection agency?
If this is a summons for the start of a law suit, then you have some time to respond. It's vague from what you've typed what your situation is. I suggest that you contact Legal Aid. They often work with families that have very little money, and considering that you are taking care of a disabled adult and two children, you are definitely a candidate.
I hope that your situation improves.
Good luck. |
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Jennifer
|
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://dwarfurl.com/966e5 |
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65% water
|
You didn't pay your debt and now a judge is going to tell you to pay or face the consequences. Why would you think there is anything you can do to stop this from happening? This is what happens when you don't pay your credit card or other bills. Your life situation, while sad, is completely irrelevant to the credit company and the courts. |
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Sally G
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Hey..they want their money! I am not sure why they are taking it to court unless you stopped making the payments. |
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latebreakfast
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Let me recommend this excellent message board dealing with this very issue. It is completely free, and full of people who have gone through this. You can learn a lot there.
I received untold help from this site in other areas. I hope you find something to help you.
http://creditboards.com/forums/index.php?showforum=37 |
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Crazyjester9
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Without knowing what state you are in or any other information, the only advice I can give you is to show up and defend yourself. Challenge the amount...etc.
You might want to take my advice and join the one or both of the forums listed below. They can provide tons of help for people being sued.
http://www.debt-consolidation-credit-repair-service.com/forums/index.php
http://www.creditboards.com/forums/
Good luck getting it sorted out. Again, I highly recommend you join those forums. |
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msldybug2003
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The only thing you can do is go to court at least you can tell the judge your story and they may let you pay pennies on the dollar. If you do not go they will garnish your wages for 25% of your earrings. (Good Luck) |
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