When you are not able to pay for the debts in your credit card, can you be sued for that? The answer is simple.
Yes.
This article will explain to you when you can be sued with your credit card debt and what steps should you take before and after the judgment is concluded.
Question number one: Can you be sued for credit card debts by your credit card company? Again, the answer is yes.
Each creditor varies from the next on the amount that it will take for them to sue you.
They can bring you to court for a couple of years after you have defaulted on your supposed payments.
The number of years, known as the statute of limitation (SOL), differs from one state to another.
If your credit card company will try to sue you after the SOL date, then you can defend yourself using the SOL defence.
All you need to do is show to the judge the proof of the SOL such as statements that shows when the account was first defaulted or copies of your credit report which specifically shows the default date.
You can get this from the credit bureaus.
When a judgment is filed under your name, it will be reflected on your credit report for another seven years following the filing date.
If you want to protect your credit history, you can arrange, in your best interest, to settle the debt in exchange for a dismissal of the judgment.
Question number two: Can you be sued by a collection agency? The answer is yes, again although not all collection agencies have an in-house lawyer.
Some of these firms illegally claim false threats of suing you when in fact, they cannot.
This is a clear violation and if they are caught doing this, they can be fined seriously.
Collection agencies should serve your notice by certified mail, or they can simply have it listed in the local newspapers.
Again, there are varying rules for serving notices for each state.
If you want to determine the exact rules, then you should call your local court house and determine the rules that apply for your particular situation.
If the notice is not properly served, then you can dispute this in court.
You should also monitor your credit report or call your local court house because judgments may have been sent to your old address.
Question number three: If your identification is stolen, can you be sued for the actions of the identity theft criminal? For the last time, the answer is yes.
If you are a victim of identity theft, you should take the necessary steps to protect yourself like: Placing a fraud alert on your name with the credit bureaus.
Report the identity theft to the police and file a police report.
Maintain a copy of all your transactions.
Keep the originals so if you are tried, you can show the judge a reason to throw the judgment out because you have been a victim of identity theft.
Yes.
This article will explain to you when you can be sued with your credit card debt and what steps should you take before and after the judgment is concluded.
Question number one: Can you be sued for credit card debts by your credit card company? Again, the answer is yes.
Each creditor varies from the next on the amount that it will take for them to sue you.
They can bring you to court for a couple of years after you have defaulted on your supposed payments.
The number of years, known as the statute of limitation (SOL), differs from one state to another.
If your credit card company will try to sue you after the SOL date, then you can defend yourself using the SOL defence.
All you need to do is show to the judge the proof of the SOL such as statements that shows when the account was first defaulted or copies of your credit report which specifically shows the default date.
You can get this from the credit bureaus.
When a judgment is filed under your name, it will be reflected on your credit report for another seven years following the filing date.
If you want to protect your credit history, you can arrange, in your best interest, to settle the debt in exchange for a dismissal of the judgment.
Question number two: Can you be sued by a collection agency? The answer is yes, again although not all collection agencies have an in-house lawyer.
Some of these firms illegally claim false threats of suing you when in fact, they cannot.
This is a clear violation and if they are caught doing this, they can be fined seriously.
Collection agencies should serve your notice by certified mail, or they can simply have it listed in the local newspapers.
Again, there are varying rules for serving notices for each state.
If you want to determine the exact rules, then you should call your local court house and determine the rules that apply for your particular situation.
If the notice is not properly served, then you can dispute this in court.
You should also monitor your credit report or call your local court house because judgments may have been sent to your old address.
Question number three: If your identification is stolen, can you be sued for the actions of the identity theft criminal? For the last time, the answer is yes.
If you are a victim of identity theft, you should take the necessary steps to protect yourself like: Placing a fraud alert on your name with the credit bureaus.
Report the identity theft to the police and file a police report.
Maintain a copy of all your transactions.
Keep the originals so if you are tried, you can show the judge a reason to throw the judgment out because you have been a victim of identity theft.