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If Credit Card Companies Sue You During Debt Settlement

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http://www.CreditCardReliefFormula.org
What happens if a credit card company sues you during debt settlement? It is easy to settle your own debts often for a dime or two on the dollar. Creditors do not often sue you. But if they do, here’s what can happen…and you will be absolutely shocked.

Duration : 0:5:56


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25 Responses to “If Credit Card Companies Sue You During Debt Settlement”

  1. deedeespirit16 says:

    this video is great …
    this video is great! it is all true. i know for a fact the information is true. but you have to make sure the judge dismiss the case w/o prejudice.

  2. Tuberidin01 says:

    4:12 just a thing …
    4:12 just a thing thats settled? You sure? Please Mr. Smartass, explain to us what obligates the creditor to settle with you? The creditor can get off that you tried to put him through this bull shit, demand full payment with interest, court fees AND ATTORNEY FEES and garnish you, put liens on your property, garnish your bank accounts and much more.

  3. KRSchannel says:

    thank you, very, …
    thank you, very, very helpful video!!

  4. nancyllang says:

    Due to the …
    Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us @ debt-freesolutions.blogspot.com

  5. nancyllang says:

    Due to the …
    Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us at debt-freesolutions.blogspot.com

  6. OZRIC1985 says:

    Thanks very much …
    Thanks very much for this helpful information! What you said in this video really could save my life financially! If I do get sued, I will definitely file an answer and go to court on it asking the creditors to prove that I was the one who in fact incurred the debt and signed the cash advance checks. Thanks again!

  7. debtsettlementstory says:

    This is a good …
    This is a good start to the debt settlement conversation.

    There are a lot of unscrupulous companies out there.

    I used a company called Consumer Recovery Network that charged me $1150 to settle $130,000 of unsecured debt. It took 6 months and my final settlement amount was $40,000 or 28 cents on the dollar. Their fee of $1150 was minuscule compared to other companies whose fees were on average $10,000..or more!

    I am blogging about it at debtsettlementstory (dot) com

  8. debtsettlementstory says:

    fda
    fda

  9. joeyqifeng says:

    dnt read this(cuz …
    dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp

  10. pyrouzi says:

    @zliminator


    @zliminator

    Someone once said, we don’t need everyone to wake up…just a few of us will be sufficient to get things rolling. Let these sheep carry on living in their dream world!

  11. basserjack says:

    EVERY ONE SHOULD …
    EVERY ONE SHOULD CUT UP THEIR CARDS AND SHOW THE BANKS THAT THEY NEED US!!! DON’T KEEP PAYING THESE FEES PEOPLE. i CUT MINE UP! NOW GO TO YOUR WINDOWS AND OPEN THEM UP AND SHOUT I’M MAD AS AND I’M NOT PAYING IT ANYMORE, DO IT NOW AND TEAR THOSE CARDS UP TODAY!!!!!!!!!!!!!

  12. zliminator says:

    HEY MORTGAGEMAN420 …
    HEY MORTGAGEMAN420 – we, our children and grandchildren will be complete slaves for decades to work off the debt we now have. Go back to your dopey, dreamy world of 420. You can do your own surgery on yourself!

  13. Velcroisaripoff says:

    Cyber – not when …
    Cyber – not when you get 80 percent of the debt because you get killed in a divorce……..

    I agree it’s one thing having debt and agreeing to pay it. It is another thing when your agreed 5.9 interest goes to 29.9 for no reason. Never made a late payment and perfect history.

    That is another matter and a reason new laws are coming into place.

  14. CybershulDotCom says:

    @Velcroisaripoff – …
    @Velcroisaripoff – You are the one speaking bull. You have the debt because you spent money you didn’t have!

  15. gregorymct says:

    Debt settlement is …
    Debt settlement is a scam.. call attorney generals office and RUN ….. rip off

  16. 407buddy says:

    Gov’t Data is a lie …
    Gov’t Data is a lie and a fraud in cahoots with the Blankfein’s of
    WallStreet, manipulating the “American free market”,
    high frequency trading, flash orders, naked short selling, on and on
    The Goldman’s and Gov’t are in bed, setting the rules to benefit the few
    Jobs been exported your labor de-valued to Zero to screw you into debt
    Walk away from your CC cards and (underwater) mortgage
    FICO scores are a scam to enslave you and keep you in debt
    Get out of paper. Don’t be sheeple. Fight back!

  17. careymahoney1974 says:

    One part where you …
    One part where you might be off is when they win in court, because they can garnish if they win.

    HOWEVER,

    Often, the CC companies are just looking for a default judgement, and if you answer them and fight back, as you stated correctly, they won’t go after you.

    You will be at the bottom of the their list, and SOL will save you eventually.

    Smart man here.

    Good job.

  18. bluediamond2077 says:

    signing check thing …
    signing check thing? file ch 7

  19. bluediamond2077 says:

    File bankruptcy . …
    File bankruptcy .The whole system is going to collapse anyways and your credit won’t mean anything.

  20. bluediamond2077 says:

    ch 7 you would have …
    ch 7 you would have paid back 0% . Yeah your credit score may be a little better but who cares the banks are going to collapse and credit will only be for suckers who want to pay 30% interests rates

  21. DebtEliminationDon says:

    Debt settlement …
    Debt settlement works. It worked for me. I only payed 40% of my debts.

  22. heavyneptuno says:

    After 6 months: I …
    After 6 months: I have to settle for $ 8000 but them whan from me to pay it only in 3 months. So, I don’t have that money to pay them. Also I asked payments by six months. That it not possible.
    Now, What do will happend if i can’t settle? Please some body can help me. Thank you!

  23. sergantfalcon says:

    stop paying for at …
    stop paying for at least three months. They’ll be calling. When, they call, you can settle for about 50% and removal of your negative reports to your credit. you will have to close your account though.

  24. Velcroisaripoff says:

    Yea its bull. Hate …
    Yea its bull. Hate credit cards and only have the debt because of a divorce.

  25. fubecabr says:

    Yes. I will wait 6 …
    Yes. I will wait 6 months and offer them a 29.99% settlement just before 180 days and at the end of the month. I had paid down my citi card principle balance by 50% in one year and 29.9% interest is how they reward me.

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