I owe a little more than $1300.00. I am 5.5 months from graduating college. I lost my job and went back to school. When I am done I have every intention of paying them in full. However, I am being sued for the 1300.00 from a major credit card company.
Bad car loans joined by car and credit card problems - Top Stocks ::
Oct 1, 2008 Car and credit card derivatives may not represent as big a pool, but, like toxic paper tied to mortgages, no one knew how great the problem
http://blogs.moneycentral.msn.com/topstocks/archive/2008/10/01/bad-car-loans-joined-by-car-and-credit-card-problems.aspxHOME |
Solving Problems By Paying Off Your Debt | Credit Card Debt ::
Paying off debt can be stressful, but with careful planning - and the discipline to stick with your plan - paying off credit card debt can offer many
http://www.mastercard.com/us/personal/en/learningcenter/debtknowhow/payingoffyourdebt/HOME |
I don't even know my rites in this matter and every one I have called just wants to consolidate my debt, for a small fee.
Who can I call????
First thing, did you actualy recieve a court summons? if so, it should indicate the court, address, date of hearing and docket number. If this information is there, then call the court to verify it.
TPMCafe | Talking Points Memo | The Problem with Credit Card ::
The Problem with Credit Card Penalities. user-pic. By Kevin LoVecchio - February 22, 2007, 11:46AM. Seana Shiffrin has written a very interesting article
http://tpmcafe.talkingpointsmemo.com/2007/02/22/the_problem_with_credit_card_p/HOME |
Next, check to see if they can sue you. Each state has a differednt time period in which to take you to court, this is called the states "statute of limitations" (SOL)
You can use this link to find your states SOL on credit card debt
http://www.bcsalliance.com/statute_of_li...
If the debt is time barred meaning too late to take you to court, then that would be your defense and they would not get anything.
If it is not time barred, you can try to work out some payment plan and IF they offer arbitration, stay away, that is like going to court only it always works in their favor. You must remember that if it is the original credit card company then the FDCPA does not apply to them.
Get your credit report to see if they charged off the account. If they did, then you may be dealing with a third party collection agency which changes the rules of the game.
Hope this answer is of help to you
LEGAL DISCLAIMER: The answer provided here is intended for informational purposes only. It is not intended nor presumed to be legal counsel or professional legal advice
You can't just stop paying on loans without unhappy consequences.
Is the $1300 the same $1300 you're being sued for ? If so, you need to contact the credit card company, explain your situation, and hope they're willing to work with you. Forget the consolidators - you don't need them.
 What dress should i wear for an interview ?
 Financial Representative =Insurance salesman?
|
Credit card problems?