Us Debt Settlement Creditors
Comments (0) When served with civil lawsuit by credit card company lawyers, do we need to engage an attorney?
My wife was served with civil lawsuit for a $23,000 debt on a credit card in her name. She had opened the card in her name for her brother who had poor credit, and he ran up the charge.
He has been negotiating with the creditor to reduce the settlement to $15,000 and had gotten the creditor to propose $17,000. But now that they have served papers, we have 30 days to respond to the court. Does this change our situation and what should be or next step? (settle for ~$17K; engage a lawyer to represent us). What is the cheapest, fastest way to resolve this to settle the black mark on her credit?
hate to tell you but you need an attorney and the sooner the better
if your brother in law was negotiating when they served her with the lawsuit it means that they weren’t serious about settling to begin with and you can safely assume that you will never actually get the $17k offer now.
hire an attorney that has dealt with creditors before because there are ways to fight them that your average attorney wouldn’t know about…you’ll be lucky if the lawsuit was initiated by a bulk-paper law firm because that means that generally when they get a 50 page counterclaim that they won’t want to deal with it and they will likely drop it or offer a good deal on their own
secondly, never open a credit line in your name for somebody else….you are always asking for trouble, either you will lose your money or your friendship and usually both
good luck
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