Do not ignore your credit card debts - it can really haunt you!

[shah]

We had a very interesting situation today where a person who owed $3500 on a credit ignored a summon and found out after judgment she owed $115,000 and a lien on her house. The attorney representing the finance company added attorney fees and charges on the judgment. Now to clear this - will be a headache but we are ready for the challenge - bottom line do not ignore the collection agencies or creditors - www.yourdebtsettlementattorney.com

[rajretro]

How long can they go after someone if you owe and you did not pay?

[shah]

For a long time, depending if judgment is filed or not?

[gabriel]

I am absolutely satisfied with Shah. If you are in credit card debt and due to some situation beyond control, you are not able to pay it then the better option before you is to bring the clear facts before your creditors and they will surely help you in the shape of negotiating the amount or they may extend your payment time. If you hide clear facts , then they will think that you are avoiding the payment and they may take rigorous action against you.

[FardinGomz]

I have found one really interesting article, talking on how credit card companies use some tricks to keep you in debt:

• They make it easy for you to spend money. Just because you have a certain limit does not mean you should go on a spending spree, and buy whatever you want.
• When you spend, the thought of how you are going to pay for it may never enter your head. The bill will arrive, and reckless spending could leave you with a paying problem.
• Credit cards are often thought of as an extension to one’s income, and used as such until payments have to be made and not enough money is available to pay.
• You may use your card until it is maxed-out, and then the only amount you will be able to spend is the amount you pay in, less interest and charges of course.

Source:

http://www.elitepersonalfinance.com/credit-card-companies-keep-you-in-debt/

Hope you will find this interesting.

[tinamoran]

We had a very interesting situation today where a person who owed $3500 on a credit ignored a summon and found out after judgment she owed $115,000 and a lien on her house. The attorney representing the finance company added attorney fees and charges on the judgment. Now to clear this - will be a headache but we are ready for the challenge - bottom line do not ignore the collection agencies or creditors - www.yourdebtsettlementattorney.com

Thanks for the advice. All or many of use have debt so we need to settle it

[bernie450]

I have to agree with you on this one, I have experienced difficulties on the past regarding debt and it totally damaged my credit score, even after I consulted a financial advisor, I failed to do the things which I was advised to do.

[grantphillipslaw]

Hello Everyone
How are you to all

Do not ignore your credit card debts - it can really haunt you! It is right thing for everyone because for a long time, depending if judgment is filed or not? Thank you so much for the advice.

[KendrickTill]

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