Okay, I am freaking out and need to talk to someone who has been through the debt settlement process before?
teejay asked:
I am currently working with a debt settlement company and right now I would like to talk to someone who has been through this before so I know what to expect especially when it comes to arbitration and trial maybe if I know what is coming I can get rid of this pit in my stomach.
I am currently working with a debt settlement company and right now I would like to talk to someone who has been through this before so I know what to expect especially when it comes to arbitration and trial maybe if I know what is coming I can get rid of this pit in my stomach.
If you are being sued by your creditors, what will happen is that you and your creditor will show up in front of the judge. The creditor will state that you owe $x. The judge will ask you if you owe the money (and you will say yes, because you owe the money.) The judge will then find in favor of your creditor, and a judgment will be granted. The creditor can then start garnishing your wages and seizing your money (bank accounts, tax refunds, etc).
Try to avoid getting to the point that your creditor is suing you. Make a budget, and decide how much you can reasonably afford to pay on your debt each month and make a written agreement with your creditor(s).
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: