Managing Personal Finances (LO$T-Part 4); Being sued by a creditor, received a court summons, making payments to a debt management firm, how should i?

One couple shares their story God’s faithfulness and how following His financial principles can revolutionize your financial world.

Question by mark b: Being sued by a creditor, received a court summons, making payments to a debt management firm, how should i?
answer the summons? Creditor will not negotiate with debt management firm.

Best answer:

Answer by Steve D
Creditor is not required to negotiate with the debt management firm. Answer the summons or you will lose via default judgment. Talk to the court clerk regarding what you need to file to answer the summons. Show up in court on your court date and tell the judge you have a debt management company that is acting on your behalf. The judge will not order the amount to be reduced, but may order the creditor to work with your debt management firm. As inall of life, there are no guarantees.

Give your answer to this question below!

Bookmark/share via AddInto

DEBT BEAT: The truth about your credit card’s minimum payments. Debt Settlement Industry.; What to expect from Credit Counseling?

For mobile devices please go to: vimeo.com In our video blog “Debt Beat” we share some of the fundamental things that consumers struggling with credit card debt should know. In this video Marcia, our head of Client Services goes over credit card’s minimum payments and some great free tools. If you or a loved one is looking for option to finally get out from under credit card debt please don’t hesitate to give us a call. We will do our best to point you in the right direction even if you don’t use our services. Thank you for watching and enjoy, American Client Services 1-866-333-0408 www.amcerv.com Links: www.bankrate.com

Question by amy1577: What to expect from Credit Counseling?
I’ve had some issues with money in the past, and have decided to see a credit counselor to get things in order. I received information on a reputable company through a financial planner at the Bank where I work, so now I just need to make an appointment. Does anyone have any experience with Credit Counseling and what it involves? I’d kind of like to know what to expect before I make an appointment.

Best answer:

Answer by viperbjw2
all i know is it sounds good and you save money and they make moey so it cant be all bad!

Give your answer to this question below!

Bookmark/share via AddInto