Being Sued for Debt - Part II

Being Sued For Debt
By John Hurley

Being sued for debt is not a fun thing. If you do not make adequate arrangements with your creditors or the collection agency representing them, they can go to court and seek a Judgment against you.

After that happens, they can garnish your wages for up to 50 percent of what you make each pay period. They can also seize your assets including any bank accounts, cars, or even real property you own.

Obviously, you don't want to let it get this far.

If you are being sued for debt, you need to take action right away.

The first thing you need to do is to respond to the lawsuit. If you do not respond, the creditor will get a Default Judgment against you. This means that you won't have the chance to tell your side of the story or let the Judge know the extenuating circumstances.

After you have responded to the initial paperwork, you will probably get a court date. Now, it is likely that everything will happen quite quickly. Unlike the Judge shows on daytime television, the Judge in the courtroom doesn't have much time to spend on each case so you can expect the whole hearing to be over in a matter of mere minutes.

It is best if you can hire an attorney to represent you. While many people who have a mound of bills feel that they cannot afford a lawyer too, the fact is that unless you are versed in the law, you can really destroy your options.

If you are being sued for debt, take action. Don't let the creditors walk all over you.

If you have fallen into the trap of easy credit, and found yourself over your head in debt, there is help! Go to http://www.helpfordebt.org to reach out to organizations that can assist you in reducing your debt - sometimes up to 50%. You will learn to make - and stick to - a budget and they will help to negotiate your credit card and other bills down.

You are not alone. Many other people who were in exactly the same circumstances as you are have found relief through the programs offered through http://www.helpfordebt.org

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