How Do You Handle Being Sued By Creditors?
Despite their many threats, it is simply not in the best interest of creditors to litigate every debt. The costs of going to court can be more than the amount recovered through a judgment. Therefore, if you are sued by creditors, chances are the amount in question is significant. The suit will probably allege the debt and enter documentary evidence. Proving that the debt is not owed will probably be difficult, but if the suit is not answered, or if it is found in favor of the creditors, the resulting judgment will make it easier for the creditor to garnish wages and attach other assets. The issue, therefore, must be confronted sooner rather than later. Get credit counseling. Though it might seem degrading to seek advice from others about your less than ideal personal credit situation, a professional credit counselor can actually be quite helpful in making suggestions for how to resolve a debt problem. Credit counselors are trained to examine a person’s budget, trim the fat and devise a
