Consumers who find themselves in difficult financial situations are often worried about being served with a credit lawsuit. The stress that comes with financial difficulty is magnified many times once you are sued. Do not wait until then to try to figure out what to do, as your ability to learn will be significantly inhibited by your stress. The best way to prepare for a potential credit lawsuit is to prepare in advance.
Your first goal in regards to credit lawsuits should be to avoid them if at all possible. For most consumers, avoiding a credit lawsuit only requires that you understand why your creditor may sue you in the first place.
Your first goal in regards to credit lawsuits should be to avoid them if at all possible. For most consumers, avoiding a credit lawsuit only requires that you understand why your creditor may sue you in the first place.
For the most part, banks and creditors want their defaulting customers to worry that they could be sued at anytime. While it is possible that your creditor could sue you at any moment, it is usually quite unlikely. Banks and creditors are motivated solely by the desire to make more and more money. Thus, if suing you will help them make more money, you can be sure that they will! On the other hand if they feel like suing you will be a costly process, the odds of you being sued are quite low.
The principle I shared with you does not always hold true. One of the toughest creditors to deal with is Citibank. Citibank has a way in which they can sue for low cost and because of this method; they sue almost anyone who defaults on one of their credit accounts. If you have a credit card with Citibank, I recommend closing it and transferring the balances to another credit card.
If you are served with a credit lawsuit, do not worry. There is still a good chance you can swing a favorable ruling. You can do this by recognizing that creditors win the majority of their cases against consumers because of the consumers lack of knowledge of the legal system. You can turn the tables by becoming well acquainted with each step of the legal process.
Once again, to come away with a favorable ruling in
The principle I shared with you does not always hold true. One of the toughest creditors to deal with is Citibank. Citibank has a way in which they can sue for low cost and because of this method; they sue almost anyone who defaults on one of their credit accounts. If you have a credit card with Citibank, I recommend closing it and transferring the balances to another credit card.
If you are served with a credit lawsuit, do not worry. There is still a good chance you can swing a favorable ruling. You can do this by recognizing that creditors win the majority of their cases against consumers because of the consumers lack of knowledge of the legal system. You can turn the tables by becoming well acquainted with each step of the legal process.
Once again, to come away with a favorable ruling in
The principle I shared with you does not always hold true. One of the toughest creditors to deal with is Citibank. Citibank has a way in which they can sue for low cost and because of this method; they sue almost anyone who defaults on one of their credit accounts. If you have a credit card with Citibank, I recommend closing it and transferring the balances to another credit card.
If you are served with a credit lawsuit, do not worry. There is still a good chance you can swing a favorable ruling. You can do this by recognizing that creditors win the majority of their cases against consumers because of the consumers lack of knowledge of the legal system. You can turn the tables by becoming well acquainted with each step of the legal process.
Once again, to come away with a favorable ruling in a credit lawsuit, you simply need knowledge. Go ahead and shock the opposing attorney with your knowledge of the legal system. Who knows, you may just walk away with a wonderful result.
About the Author:
If you are served with a credit lawsuit, do not worry. There is still a good chance you can swing a favorable ruling. You can do this by recognizing that creditors win the majority of their cases against consumers because of the consumers lack of knowledge of the legal system. You can turn the tables by becoming well acquainted with each step of the legal process.
Once again, to come away with a favorable ruling in a credit lawsuit, you simply need knowledge. Go ahead and shock the opposing attorney with your knowledge of the legal system. Who knows, you may just walk away with a wonderful result.
About the Author:
Do you need to know how to answer a credit card summons and discover the many tips for winning a credit lawsuit? Then go get your free report at www.creditcarddebtlitigation.com