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Sued for Credit Card Debt

by jan
(K.C. Mo)

We live on social security only and a credit card company has send us a letter regarding a credit card that was charged off for $1,900 three years ago, they are suing us for $3,118 plus court costs.

Went to bank yesterday and they said charged off and sold to Dickersin Financial.

Court is in June, do not have the money to pay what they want a month and they also said the interest at 9% would keep on.They have no paperwork, when the account was opened or charged off. A law firm from Iowa is Dickersin's lawyer. Help

Should I go to court or ignore it. Have not got a summons yet, but I imagine it is on the way.
Thanks for the help!!!

Comments for
Sued for Credit Card Debt

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May 18, 2011
 how to respond to lawsuit
by: DebtCollectionAnswers.com

Jan,

Whatever you do, do not ignore this. The last thing you want is for them to get a default judgment against you and then have them try go to after your assets.

We recommend you make an appointment immediately to get a free consultation with a bankruptcy attorney. If this is the only debt do you owe, then it may not be enough to make it worthwhile to even consider bankruptcy. However, the attorney can tell you if you are what's called "judgment proof." If you are, then there is not much that the law firm can do to collect from you even if it successfully sues you. This information can be helpful in getting the collection agency to back off. No need for them to waste their time and money if there is nothing they can get from you.

The attorney should be able to tell you how to respond to the collection agency, and you may be able to hire him or her to write a letter to try to get them to leave you alone.

We have also written a page with the information about what happens if you are
being sued by a debt collector - we hope it helps!

Click here to add your own comments





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