What could happen if you do nothing after a credit card company sues you?

There are many different strategies you can employ to handle a credit card lawsuit. Although only an attorney can advise you about your legal rights, an experienced debt relief professional may be able to help you take steps to resolve the underlying credit card debt. However, no matter the situation, the very worst thing you can do is nothing.

Failure to respond to a lawsuit can result in forfeiture of your right to later defend yourself against the allegations. This can result in the credit card company seeking - and likely getting - a default judgment against you. Once the creditor gets a legal judgment against you, they may potentially be able to get an order to seize your assets.

Although the specific rules on what the creditor can seize vary by state, generally, you may face:

  • Losing funds from your bank account
  • Losing a portion of your paycheck
  • A lien placed on your home.

What to do if you get sued for a credit card debt

The best steps to take will vary based on your particular situation. However, because such serious consequences can result from doing nothing, it’s advisable to do something so that you can preserve your right to defend yourself or settle the debt with the creditor.

Keep in mind that the lawsuit will not simply go away if you ignore it. Tackle the situation head-on by seeking some form of professional help.

What are some of the most common credit card companies that file lawsuits?

  • Capital One Bank
  • Discover Bank
  • American Express
  • Bank of America
  • Chase
  • Citibank
  • Credit One Bank
  • Synchrony Bank
  • Wells Fargo Bank
  • Barclays Bank

How it works

Creditor Files Suit

Creditor Files Suit

You get Served

You get Served

You Hire Professional Help

You Hire Professional Help

Debt is Resolved

Debt is Resolved

Why Consider CountryWide Debt Relief

With 30+ years of combined experience in helping people find a solution to getting out of debt, the staff at CountryWide Debt Relief has helped thousands of consumers save millions of dollars and we can help you! Here are a few reasons why you should consider us:

See What Our Customers Say

"I originally heard about Countrywide Debt Relief via the pink flyer that I received at my home earlier this year. I responded to the flyer and I am very glad that I did. Prior to working with Countrywide, our debt situation was completely out of control. The pressure exerted by creditors on our family and the associated financial and emotional stress created a really difficult situation. The kind and understanding people at Countrywide helped us come up with a payment plan that would be sustainable and ultimately enable us to cope with the debt while dealing in a fair and straightforward manner to those to whom we owed money. They have been dealing directly with our creditors relieving the stress and thereby enabling us to resume our lives, and livelihoods, creating a real path out of financial difficulties. It is difficult in writing how the professionalism and outstanding services at Countrywide has enabled us to reduce stress, regain financial security while achieving a debt free life. This has had broad and positive implications for the happiness and opportunity my family has now regained. I wanted to take this opportunity to sincerely thank you and your team for the work that you do to help families such as ours become debt free and live happier and more fulfilling lives."
Barry G

Barry G.

West Hills, CA

Proven Results

Case Study #21051 - Client from West Hills, CA saved $265,163 by enrolling in CountryWide’s Debt Consolidation Program

THE PROBLEM:

Client #21051 needed debt consolidation help because they were sued by a creditor after losing their business and falling behind on paying their bills. The client did not want to file for Bankruptcy to stop the lawsuit from the creditor, so they looked for other options.

THE SOLUTION:

Client # 21051 hired CountryWide Debt Relief to help settle and pay off their past due debts. They were able to pay off $86,677 in total debt including the creditors that filed a collection lawsuit. Making just minimum payments on this much debt, the client would have had to pay back an estimated $295,079 over 813 months of minimum payments. By utilizing the Debt Consolidation program from CWDR, they paid off their debts in 25 payments for a total of $29,916 saving $265,163.

MORE CASE STUDIES
Credit card debt lawsuit case study

*Do nothing option assumes making only the minimum payments on the debts each month with APR of 17% and minimum payment of 2% of the outstanding balance each month.
Source: creditcards.com/calculators/minimum-payment.php.
Savings illustrated is the difference between the total payments to CWDR and Total payments if just the MINIMUM monthly payments were being paid on the debts.

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