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I stopped paying my credit cards more than a year ago. American Express is the first one to sue me in court. I paid $380 filing fee to answer their summons and also provide proof of service within 30 days as required by the California law. The court is scheduled to have a hearing in December. Judgement day will be in June next year. I have little income right now. Next year this time, I will have pension. two years from now, I will have my social security. Capital One is the one next inline to sue me.Am I doomed in December? I have two houses which are "equity rich but cash poor".
Since it is over a year, Am Exp probably charged them off already.In my answer to summons, I stated: Lack of Standing Because No Debtor/Creditor Relation. Am I correct? Does my future looks bleak or bright?