Im in rolled in debt consolidation program for credit debt and got served with summons for credit card

Asked about 1 year ago - Joliet, IL

what or my legal options

Attorney answers (3)

  1. Thomas O. Moens

    Contributor Level 19

    6

    Lawyers agree

    Answered . As previously mentioned, creditors are not required to works with debt consolidations. If you ignore the lawsuit, a default may be entered against you, which would allow the creditor to garnish wages and bank accounts. You should contact an attorney to discuss your options.

    By the very nature of Avvo, you have only provided limited facts and no documentation, therefore, our response to... more
  2. J. Richard Kulerski

    Contributor Level 20

    6

    Lawyers agree

    Answered . Unfortunately, the credit card company is not obliged to agree with your arrangement .

  3. Carl H Starrett II

    Contributor Level 16

    5

    Lawyers agree

    Answered . You've now encountered one of the many weaknesses of debt consolidation programs: not all creditors are willing to deal with the program provider. Some creditors, particularly American Express and Capital One, either won't deal with them at all or will take a hard negotiating stance.

    You should consult an attorney about the proper way to respond to the lawsuit. You should also consult a bankruptcy attorney. You can read an article at the link below that explains why bankruptcy is usually superior and cheaper than debt consolidation.

    First, the firm is a debt relief agency according to the U.S. Bankruptcy Code. We help people file for bankruptcy.... more

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