The Mud Pit > General

Can a credit card company really take you to court?

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kirksjeep:
A guy that used to work for me was getting similar calls, and he blew it off until the Navy did a back ground check.  I got a letter from NCIS saying that his clearance would be revoked in 60 days.  He took it a little more serious and called the companies he owed, and ended up working out a deal that was on average 50% less then what he owed.  The companies calling have already bought the debt from the original company for a fraction of what you owe.  Even if they only collect a percentage of what you owe they are still making money.

PaulW:

--- Quote from: kirksjeep on March 06, 2009, 01:19:53 AM ---A guy that used to work for me was getting similar calls, and he blew it off until the Navy did a back ground check.  I got a letter from NCIS saying that his clearance would be revoked in 60 days.  He took it a little more serious and called the companies he owed, and ended up working out a deal that was on average 50% less then what he owed.  The companies calling have already bought the debt from the original company for a fraction of what you owe.  Even if they only collect a percentage of what you owe they are still making money.

--- End quote ---

I've never a situation like this before.  I've been late on payments, but this is a card that I co-signed on with my ex-wife 5 years ago.  I thought she had it paid.  I guess it's coming back to haunt me now.  Time to call my divorce attorney again.

rocket:
a divorce can haunt you for a long time!  esp. if all joint accounts are not closed

PaulW:

--- Quote from: rocket on March 07, 2009, 12:13:20 AM ---a divorce can haunt you for a long time!  esp. if all joint accounts are not closed

--- End quote ---

i noticed.

mallcrawl:
good luck with that, a buddy of mine ended up with a forcolsure on his record becuase his x didn't make the payments on the house the divorce papers gave her, fortunately the auction paid off all debt on the house or the bank would have kept coming after him for the balance.

It might be easier to make sure the account is closed and pay it off, then take her to court to recover the expense.

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