How can I keep from being sued?
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I have $25,000 in Credit card debt and $2,000 in unsecured loans. If I pay something and not the minimum amount will they not sue me. My credit card payments are $700 a month and loans are $320 a month. Im over my head and want to pay these accounts but due to divorce I cant pay the required amount. These cards and loans are in my name only so Im stuck with the bill. Anyone paid atleast something and not been sured?? Thanks
How can I keep from being sued?Yes, but they still can sue you. However try this:
1. Call each credit card company and ask, no plead with them to help you.
2. Tell each you want to pay your debt completely.
3. Ask for the lowest interest rate.
4. Ask them to help schedule payments to make them reasonable for you.
5. Ask them to help with the unsecured loan debta.
6. Divorce - if it's not final, and they were partially for your spouse or your children, then you can negotiate that some belong to the ex.
7. Keep asking for help to each and every creditor.
They will help you.
8. Tell them that you want to stay out of bankruptcy, and you want to pay this off, but you have these difficultities.
9. Be as honest as possible. - and try speaking with Supervisors and Bank Managers only.
10. I do know that this works! I have advised numerous people to do this and they lowered monthly payments to a reasonable level, and they made the companies happy because they paid their bill completely. It just takes time and effort.
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