How can I keep from being sued?

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How can I keep from being sued?

Understand that credit cards are legally considered unsecured debt. You do, however, have a legal obligation to pay. Recent changes in the Federal Bankruptcy laws have made it much more difficult to use bankruptcy to escape this type of debt. Your best course of action is to work out a arrangement with all your unsecured credit card companies. Call them up and explain to them your situation and they will most likely negotiate with you, after all some money is better than none. But before making this call you better have a detail understanding a written plan as to what you can afford to pay each of these credit cards and for how long. In some cases they will freeze the interest charges etc. If they allow you to enter into an arrangement you better stick with it. If you default all bets are off. You may also want to consider the assistance of credit consulting service. In the mean time cut the credit cards in half and do not use them again. They are bad! Good luck.

How can I keep from being sued?

Is the 25K one card, or multiple cards? If it is several smaller cards, chances are they won't sue you. Because it cost money to go to court, most of the time they won't sue on smaller balances because it isn't cost effective.

HOWEVER, this is not a guarantee, because every situation is different. I would call them and tell them you are in over your head and see if they will work with you on lowering the payments, or some other work around. This is better than ignoring it, cause it will eventually go to collection and just get more fees added on. MOST of the time, they would rather get something than nothing.

Anyway, try and work something out first. That's the best course in my opinion.

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How can I keep from being sued?

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