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My husband has been sued by credit card company.

My husband entered into an agreement with HSBC to make installment payments for a debt. I'm not sure if the agreement was a verbal or written. My husband missed a payment. Creditor is filing suit and the court date is set for 9/22/2011. The amount of the debt is $2600.00. We are trying to come up with the total to pay before the court date if possible. Is there anything we can do before then to maybe give up more time. Creditor is requesting 3yrs of bank statements, life policies, CD's etc. The debt was my husband's debt and yet they want my information as well. Is there anything we can do? we live in the state of FLORIDA.

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My husband has been sued by credit card company.

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Sep 28, 2011
My husband has been sued by credit card company.
by: Debtcollectionanswers.com.

It is important for your husband to let the creditor know that you are trying to come up with the money you need to pay his debt. If he does, the creditor may agree to settle the debt before the date of the hearing. When you settle a debt, the creditor accepts less than the debt's outstanding balance as payment in full. You can even try to negotiate a settlement on the day of the hearing or at the hearing itself. If you are successful, the lawsuit will end without there being a judgment entered against your husband.

As for why the creditor has asked for your financial information as well as your husband's, it's because Florida is a community property state. Therefore, you are liable for the debts he incurs during your marriage and he is liable for yours.

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