Litigation for Credit Card Debt
I was behind on credit card payments and went on a debt reduction program. The payments were made to the credit card company but one acct was sold to a law firm. They have called stating the account is in litigation and demanding full payment immediately or they will sue. What happens and what options do I have as I don't have the money to pay them? What are they able to seize from me to collect this debt and will the court allow payments to be made?
Asked on 12/22/03, 10:42 am
1 Answer from Attorneys
Guy Lewit
Guy Mitchell Lewit, Esq.
Re: Litigation for Credit Card Debt
In a nutshell, they can sue you. The court usually does not get into payment arrangements they simply determine whether the debt is owed or not...(liability). They have nothing to do with payment.
Answered on 12/22/03, 2:58 pm
