Being sued by a credit card company for unpaid debts can be demoralizing and frightening—but it shouldn’t scare you into inaction. By confronting the situation head-on, you can find a solution that works for you.
What to do if your credit card company is suing you
If you’re currently facing a law suit from your credit card company, you have a few options:
- You can contact the credit card company yourself and try to settle the debt. Because most credit card companies would rather get paid than spend time and money on legal proceedings, you do stand a chance of being able to stop the lawsuit by negotiating with the company and reaching a settlement.
Tip: Negotiating with a credit card company can be time-consuming and extremely stressful. If you do go this route, stay committed, and make sure that you don’t agree to anything that isn’t in your financial best interests.
- You can file for bankruptcy. If you choose to file for Chapter 7 bankruptcy, you will be released from the debts you owe to your creditors. For those that are being sued by a credit card company, this may actually seem to be of the most attractive options.
Tip: While the idea of a fresh start and freedom from credit card debt may tempt some into filing for bankruptcy, this is not a decision to be taken lightly: bankruptcy can hurt your credit, put your assets at risk, and in some cases, could affect your employment options in the future. Make sure to explore all possible alternatives to be sure that this truly is the best option for you.
- You can (and probably should) hire an attorney. When you’re being sued for unpaid debts, the credit card company is being represented by legal experts who are working in the best interests of the firm. It makes sense, then, that you should also represented by a legal expert who is working in your best interests.
Our consumer debt attorneys can help you understand your rights when you’re being sued by a credit card company. Moreover, unlike debt settlement companies and credit counseling services, a consumer debt lawyer can give you advice, represent you in court, and settle your debt with the company—often for pennies on the dollar.
Tip: Worried you can’t afford the cost of an attorney? Don’t be. Consumer debt attorneys understand the situation you’re in; after they’ve negotiated down your debts and settled the lawsuit, they’ll work with you to create an affordable payment plan.
If you’re being sued by a credit card company for unpaid debts, call Wites & Rogers today. We’ve worked with hundreds of clients just like you, and credit card companies know that we mean business. We’ve settled lawsuits by credit card companies for a fraction of the original debt and helped our clients move on with their lives.
Get in touch today for a free consultation, and find out how we can help:
Call Us Now: 954-933-4400
