Q: Should I worry about my 3rd creditor lawsuit?
A: Too many lawsuits while you are in the program can be very disadvantageous for a client. Why do they keep suing you? There are some things to keep in mind why a creditor finds it to their advantage to sue. Remember, hiring an attorney to do collect on the debt is a very expensive route for the creditor so here are a few things to keep a note of:
- Do you own a home? The creditors feel that having a home to attach a lien on is a good route to eventually collect on the debt and keep the interests coming. Though they will not get paid immediately, they can expect that one day you will have to sell or refinance the home and you will have to face them again.
- Do you have a job? The creditors can go after your wages by means of garnishment. In most States the maximum is 25% of your disposable earnings. You can check your State as to what the maximum is. Some States do not allow wage garnishment for their citizens. It is always good to know what you are faced with.
- Do you have a bank account? Going after a bank account is always a good way of the creditor recouping money from the debtor by force. Although they can only take what the judgment has granted them, it puts your bank account on hold and you cannot take out any money until the debt has been paid in full or a release of lien has been submitted to the bank.
Always remember that even if the creditor sues, they need to secure a judgment against you in order to do any of the above. They cannot go after your assets without winning the case. Be vigilant, it is your money and your debts involved. You can control what happens if you know what to do or if you are in a program where experts know what to do.
Ating lesson, Laban kung laban para di tayomagingtalunan!
If you need help in getting out of debt, call Debt Aid Consulting. We help with Credit Repair while and after your program. We do not use call centers which keeps your information safe. We have a new program that reconstruct debts for half of what you would pay our competitors. We also provide legal assistance that keeps collectors away. We take Federal Credit Unions, Payday loans and high interest personal loans in our program too. This is exclusively available for Debt Aid Consulting clients. None of our competitors provide this program. You are well protected.
We only provide Federal Trade Commission compliant programs. Debt relief companies who charge non refundable upfront fees are in violation of the ban. Go with Debt Aid Consulting!
Do not fall for marketing gimmicks saying that they have the right program for you. Most marketing companies only have one program and will enroll you in that program whether it fits you or not. So beware!
Ben Lou at your service! I have over 30 years of real financial experience. If you would like sound financial advice, call us at Debt Aid Consulting. We do not use call centers like Financial Rescue. No one has the right to put your information at risk. Say no to LLC corporations in Canada! Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.
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Tawagnaposa 1-888-341-5234 at tutulunganponamin kayo.