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What To Do If You’re Sued By Your Credit Card Company?

What To Do If Sued By Credit Card

Being sued by a credit card company for unpaid debts can be demoralizing and frightening—but it shouldn’t scare you into inaction. By confronting the situation head-on, you can find a solution that works for you. What to do if your credit card company is suing you If you’re currently facing a law suit from your credit card company, you have a few options: You can contact the credit card company yourself and try to settle the debt. Because most credit card companies would rather get paid than spend time and money on legal proceedings, you do stand a chance of...

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How to Get Rid of Credit Card Debt?

Credit Card Debt relief attorney

If you find yourself wondering how to get rid of credit card debt quickly, you’re not alone. A recent study by CreditCards.com estimates that the average American carries a balance of $15,950 in credit card debt. While some may find solidarity in that statistic, the vast majority of people are searching for ways out of crushing credit card debt. The good news for those struggling to pay off their debt is that there is always a way out. With a plan, patience, and perhaps a little help, you can pay off your credit cards, return to good standing with creditors,...

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How to Reduce Credit Card Debt without Ruining Your Credit

Lowering your credit card debt isn’t always synonymous with a negative credit score. There are ways to reduce credit card debt that don’t always adversely affect you, your credit score, or your financial future. Here are a few suggestions. Pay off your credit debt. Paying off your debt in full is obviously the easiest way to reduce your credit card debt without hurting your credit rating. Depending on your financial situation, this may be the most realistic way to get rid of debt while maintaining a good credit score. Some quick tips to paying down your debt—especially if you’re starting...

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What Are Some Alternatives To Filing For Bankruptcy?

How to avoid bankruptcy

Four Solid Solutions to Avoid Filing for Bankruptcy If you’re drowning in credit card debt, it can feel like there’s no alternative other than to file for bankruptcy. And while the prospect of bankruptcy scares most people, it often feels better than the endless struggle with credit card debt. But is the baggage that comes with filing for bankruptcy—relinquishing your assets and taking a massive hit on your credit score—really worth it? Before you make any decisions about what to do regarding your credit debt, make sure that you’ve carefully explored all of your options. Below are some tried and...

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JP Morgan Chase Stipulation and Consent Order Could Have Broad Sweeping Effects for Consumers

The pervasive financial instability that persists in this country has taken a different turn as credit card issuers and collection agencies, who buy overdue credit card accounts in bulk, ramp up their aggressive tactics in pursuing litigation against consumers.  Wites & Kapetan, P.A., a law firm that represents consumers who find themselves in court over lawsuits concerning credit card debt, reports that creditors often use robo-signing and boilerplate affidavits to support their lawsuits against consumers. As litigation over consumer debt mounts, however, some of the tactics in these lawsuits resemble those that marred the mortgage foreclosure cases a few years...

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Wites & Kapetan, P.A. Reports on Robo-Signing in Credit Card Collection Lawsuits

The pervasive financial instability that persists in this country has taken a different turn as credit card issuers and collection agencies, who buy overdue credit card accounts in bulk, ramp up their aggressive tactics in pursuing litigation against consumers.  Wites & Kapetan, P.A., a law firm that represents consumers who find themselves in court over lawsuits concerning credit card debt, reports that creditors often use robo-signing and boilerplate affidavits to support their lawsuits against consumers. As litigation over consumer debt mounts, however, some of the tactics in these lawsuits resemble those that marred the mortgage foreclosure cases a few years...

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Having Trouble Refinancing or Modifying Your Mortgage?

THERE ARE GOVERNMENT PROGRAMS THAT CAN HELP Given the current condition of the real estate market, many home owners find themselves with a lot of debt, and some very tough choices.  For those who are struggling to keep up with mortgage payments, both refinancing and loan modification can provide relief, but often such relief may be difficult to secure.  In particular, when the value of one’s home has decreased to less than the amount that is owed on the home, it can be difficult to refinance or obtain a modification.  Fortunately, there are some government programs that can help. The Home...

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RESOLVING CONSUMER DEBTS: Negoiate Discounted Settlements with Your Creditors, or File Bankruptcy?

Credit card debt can easily and insidiously become overwhelming, especially in today’s difficult economy.  Lately, many well-intentioned consumers have seen their debts spiral out of control due to layoffs and depressed real estate values, as well as factors not related to the economy such as unanticipated expenses resulting from the loss of a loved one, the need for medical care, or a disability. The question of how to resolve such debts is a difficult one.  Should you attempt to negotiate with your creditors, and when necessary litigate with them, in an effort to obtain a settlement that you can afford,...

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Consumers Are Protected by the Fair Debt Collection Practices Act

The Unfortunate Reality. Many Americans are facing the sad reality of not being able to pay their bills. The country’s depressed economy has left many without jobs, or with far less income than during the boom times.  Calls from debt collectors often impede the balance of silence and calm in your home, and can add undue pressure to financial and emotional stress. To make matters worse, some debt collectors attempt to collect debts using harassing tactics that may violate Federal and/or state law.   What is the FDCPA? The Fair Debt Collection Practices Act (FDCPA) is a federal law that...

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Banks Want Their Cake and YOUR Cake Too! – Exemptions to the Garnishment of Your Wages.

  It’s 8 p.m. and you arrive at home after a 12-hour day at work.  You’re exhausted, but feel thankful that you found a job that is putting food on the table.  On your way in, you grab the mail and start flipping through the stack, when you see an envelope from the local court between the phone bill and a coupon from Bed Bath & Beyond.  Your heart begins to beat faster, as thoughts of an unpaid debt rush into your head.  Opening the envelope, you realize that ignoring all those legal notices brought you to this moment; the...

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