Creditor Lawsuits and Common Myths that Need Busted
Being sued by a creditor is a serious event and there are real consequences to ignoring a lawsuit. If you wait long enough after you stop paying your credit cards, chances are fairly high that one or more of your creditors or a collection agency will file a lawsuit against you. The purpose of filing such a lawsuit is so that the creditor can get a judge to render a decision (judgment) that you owe them a particular sum of money. Your responsibility to respond to the lawsuit