Card Credit Debt Help Judgement

I have about 6 credit cards way past due. Most of them are in collection agencies. The highest balance I have on any card is around $1,300. All together less than $5,500. This law firm called me and informed me that they will get a jugdement against me and garnish my wages if I do not settle the debt(this account has balance of around $550) I DO WANT TO PAY BACK. But I have a small job and planning to go back to school!!!Will a judgement deny me a US passport? Do you think they will go to court for such a low debt??? People with much higher debt get away from it. I do accept my mistake though :-(

As long as you are a U.S. citizen without a criminal background and have the ability to pay your fees for obtaining a passport, you shouldn't have a problem. You can get more info on this. Try these sites:

www.rushmypassport.com
www.prioritypassports.com
www.allamericanpassports.com

Good Luck!

2007-08-24 17:33:36 by RaiderNation

Motions for Summary Judgment are among the most lethal weapons facing you as a pro se debt defendant. This video discusses what they are, how to ...

Will I be consider having a criminal record if I am slap with a credit card judgement by a law firm representing my credit card company? And if the balance is around $550. I have never ever been arrested in my life. Never had any problem with law. So will judgement ruin my CLEAN RECORD???

There is no such thing as a "Debtors Prison". You cannot be put in jail over a debt! The only time that can happen is if you receive a summons to appear in court and do not attend court. In that case a bench warrant will be issued for you only because you didnt attend the court date,,,,NOT because you owe a debt!!!! The Judgement for the credit card will show up in your credit bureau and affect your credit rating and credit scores. It is not a criminal offense and will have nothing to do with your criminal record! Rest easy. The only other possible thing that could happen is that your wages could be garnished. That would depend of what state you are in. The only 2 states I know the law on are LA- wages CAN be garnished, TX- wages CAN"T be garnished. Hope that helps.

2007-08-25 18:51:07 by RaiderNation

I was injured and lost my job 6 years ago, I only paid what I could afford to. I had a credit card that I let go. The card company charged it off and the debt has been sold many times since. Now the latest company who has bought the debt has filed papers in my local county court to put a judgement on me for the unpaid money. Can they do this? I thought that only the original company could do this?

If it's within the statute of limitations for your state, then yes. Any company that bought your debt can take legal action.

There is a statute of limitations for credit card debt, which is the amount of time that they can successfully take legal action against you for the debt. This time period varies for each state. You can find this time period for your state by going to the link below and looking under "Open Accounts."

http://www.creditinfocenter.com/rebuild/ statuteLimitations.shtml

If the number of years since you defaulted on this account and stopped making payments on it is greater than the number listed for your state, then they can no longer defeat you in any court action because the debt is time-barred
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If this is a real, confirmed lawsuit:

On the court date: DO NOT be a no-show under any circumstances whatsoever. People often make the HUGE mistake of not showing up because they think they’d loose anyway or because they can’t afford an attorney. Not showing up is the worst thing you can possibly do. Even if you are frightened....or you're sick with a 102 degree fever...or if you think that you'd loose, show up anyway! If you don't, the other side will get a default judgement and they will get this on THEIR terms. They will tack on all sorts of add-on fees and the amount of the judgment could end up being two or three times the actual amount of the debt.

IMPORTANT: bring complete documentation of your income and living expenses: Pay stubs and copies of bills. Even if you loose, you can use this to negotiate much more favorable repayment terms. Request the following info from the other side on the court date:

- A copy of the original application with my signature for this alleged debt
- How much was this debt purchased for?
- Provide a fully itemized statement for the amount you are asking which clearly details how this amount over the amount that was paid for this debt was calculated, including the interest rate being charged. Confirm that this rate falls within state usury limits

I wrote a more through response on how to deal with being sued for credit card debt at:
http://answers.yahoo.com/question/index? qid=20090806101155AAtqVxu

2009-09-19 14:02:21 by sweetnchunky

I failed to show up in court and now an attorney is saying Chapter 13 bankruptcy is the only way to go. I don't want a lien put on my rent property. I heard they can even auction it for the debt. Is it too late to make them prove it's my debt to delay this for 30 days? I have 1 week left to answer the post judgement interrogatories.

Why not just pay the debt or make arrangemets for payments to the legal firm handling the court case?

The time for monkeying around with "prove it's mine" are long gone if there is a post judgment. You pretty much gave up the right for any proof when you failed to show up for the court hearing.

2008-02-19 01:43:45 by Need Answer

here you'll find a few comprehensive sites that explain debts quite nicely.
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com

2006-09-27 15:39:48 by Sydney H