I'm looking for someone who has been sued by a creditor..Can you post exactly what happens and what the outcome was? Like from the beginning to the end... I've not been sued, but some day might be, I really want to understand the process or can someone tell where to look to get this kind of information?
I'd also like to know if you are sued and the creditor wins, is this when and/or how your wages get garnished or do you just have to make pmt arrangements and stick to them?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.