Being a single income family fighting to keep my mortgage current it is getting tougher?

Question

I have some 5 year old unpaid debt 12k credit card . why would it take them so long to come after me? 3 years ago they sent me a summons for a court date which I turned over to my attorney! havent had to show up in court yet! the statute of limitations is 6 years in ct

Answer 1

If you were issued a summons most likely you already have a judgement against you. In that case the statute of limitations becomes longer (check you state on SOL for judgements). When you don't show up to court when issued a summons the plaintiff typically wins by default. COnsider a debt settlement program before having a lien placed on your home or wage garnishment. You would probably not be able to refinance your home nor get many other types of credit without paying the judgement.

Answer 2

David,

The legal system is painstaking slow so it is not impossible that it would take two years for the court case to progress through the court system.  

What I am more shocked about is that YOU decided to wait for the credit card company to come after you instead of trying to set up a payment arrangement with them to avoid court altogether -- not to mention the escalating costs of an attorney.

You should be happy that they took 5 years to come after you.  That means you have had 60 months to come up with a creative way of paying the amount owed.

Their lateness should have worked in your favor.

Answer 3

Hi,

I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:

http://twurl.nl/8pk4ux

Answer 4

Your attorney might have been able to stop the suit through procedural maneuvering. Call your old attorney and ask him what happened before you do anything else.