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Credit Card Debt Judgment? Consult a Consumer Credit Attorney

Once a debt collection agency has obtained a credit card debt judgment against a consumer, it’s a relative breeze to have the consumer’s wages garnished or bank account seized, to put a lien on their property, and to put a black mark on their credit report. Community property is included in the assets that can be seized after a credit card debt summary judgment. To add insult to injury, the money that comes from a consumer as a result of a credit card debt judgment first goes to pay fees and interest, and lastly to principal. Because of this provision, consumers with a summary judgment entered against them often find themselves in situations where they pay twice or three times the amount of the original debt.

If you’ve received notice of a summary judgment, you should consult a consumer credit attorney. A default judgment feels like the end of the world, but there are ways to fight back. For example, a consumer credit attorney can go to court and argue that you never received notification of the lawsuit, that the debt collector misrepresented the debt owed, or that the credit card debt judgment was entered in error in some other way.

Once the judgment has been entered, it is still possible for settle the debt for less than the judgment, and a consumer credit attorney can negotiate that settlement on your behalf. The debt collection agency or creditor likely doesn’t want the cost and hassle of seizing property and garnishing wages; they may be just as willing to take a lesser lump sum. Finally, if the judgment is substantial, a consumer credit attorney can help you navigate the bankruptcy process in order to discharge the obligation and make you judgment-proof.

We hope that you find this information useful, and urge you to contact us at 203-529-5100 if you’d like to speak to a consumer credit attorney or need help with credit card debt.