Have you found yourself being sued by a credit card company? A few years ago I had this unfortunate thing happen to my family and I. It was an extremely stressful period of time for us. I felt like I already had too much on my plate before I was served with the lawsuit. Now looking back on that time I realize that some of the reason that it was so hard was the fact that I had no idea how to defend myself.
In most cases, when a consumer is being sued by a credit card company, it is because the creditor feels that legal action is the best way to get money out of the consumer. Understanding this can be of great value to you when trying to avoid lawsuits in the future. One of the few creditors that do not follow this logic is Citibank. Citibank sues almost anyone who stops making his or her monthly credit card payments.
If you are not dealing with a creditor like Citibank, you will stand a much higher chance of avoiding a lawsuit. A terrible mistake that I see made all the time by consumers is that of sending cease and desist letters. This is one of the worst things that you can do when trying to avoid a lawsuit!
No matter where you are in the credit card collection process you want to avoid being sued by a credit card company if it all possible. Your chances for settlement and the stress that will come into your life will be much less if you do not have to go to court. Even after doing everything you can do avoid a lawsuit, you may still find yourself being sued by a credit card company. This is not the end of the world but you will probably feel overwhelmed with all of the information you will have to process.
When being sued by a credit card company, the lawsuit will always start with a complaint or multiple complaints being filed against you. It is also common to see the creditor file motions against you right from the beginning. Don’t be intimidated by this because you can file these motions back at the creditor just as easily as the fire them off against you. Then you can move to answering complaints.
It might seem hard to know how exactly to answer all of the complaints filed against you by your creditor. Do not let this intimidate you. Do everything you can to find the correct answers and be sure to follow all the legal procedures when filing these answers. How you answer the complaints makes a huge difference later in the legal process.
Looking to find the best info on what to do if your being sued by a credit card company, then go to http://www.creditcarddebtlitigation.com for the best Credit Lawsuit info out there..