Can Credit Card Companies Seize Your Bank Accounts?
January 31, 2010 by derricke
Filed under Credit Card Debt
www.creditcardreliefformula.org What happens if a credit card company sues you during debt settlement? Can they seize your bank accounts or garnish your wages? If so, when can they do this? Very important information if you are in a position where you cannot keep paying your credit card debts.
mitchellberry on Sun, 31st Jan 2010 5:06 pm
There is SO MUCH disinformation about there about settlement. THANK YOU for speaking the truth…. I may ask you if i can use your vids on my site.
brucerby on Sun, 31st Jan 2010 5:06 pm
I also wonder how uncommon it is to get sued by CC companies. Even tho some say its rare, if you visit online forums about credit card debt, there are usually many posts about people being sued.
I’d like to know the basis for the claim that suits are rare?
mrigmaiden1 on Sun, 31st Jan 2010 5:06 pm
While you are correct that they can sue you if they need a judgment, you are incorrect in that it is rare for them to sue. I have seen many cases online at Alameda County Superior Court and there are tons of collections lawsuits by MAJOR banks over some debts as small as $700. You ought to help people with affirmative defenses to combat the lawsuit because if they don’t answer, default judgments can be taken out.
smhutson on Sun, 31st Jan 2010 5:06 pm
A court can’t garnish your wages if you don’t get to speak for yourself. They must prove standing. Also, if you call a credit card company and agree to pay anything you are now in a binding verbal contract. Don’t agree to pay anything. That is why htey record the calls.
Iambusy3 on Sun, 31st Jan 2010 5:06 pm
You brought up the point of phony personal service. We had a case where the server lied about personal service, a judgement arrived in the mail and even with a lawyer the judge refused to set aside the fraudulent judgment.
hobieslug45 on Sun, 31st Jan 2010 5:06 pm
why isn’t anyone answering these questions from jc7622
good info on this vid
MrCalafrio on Sun, 31st Jan 2010 5:06 pm
thanks for your comments on how to pay off my credit cards….
I have a problemm toright in english, but , im a good talking… could you call me (914) 469-6766 Souza please
drewby3440 on Sun, 31st Jan 2010 5:06 pm
You seem to know alot about debt settlement and legal matters. What are your credentials?
jc7622 on Sun, 31st Jan 2010 5:06 pm
Does the amount of credit card debt increase the probability of being sued? Does the current economy increase or decrease the probablility of being sued? Does who the credit card is with determine how likely it is to be sued (some more aggressive than others)?