Credit Card Debt Relief - What Can You Do If Your Lender is Taking you to Court?

Credit Card Debt Relief - What Can You Do If Your Lender is Taking you to Court

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Anyone who has fallen behind with their credit card bills or unsecured debts knows what happens. First of all the lender starts harassing you for payment. Then if you cannot pay they pass what you owe to a debt collection agency. What happens if you cannot pay. What will they do?

In many cases they will take you to court or threaten to take you to court. At this point many people panic and that is not surprising as no one wants to be in this position. There are still steps you can take to salvage this situation and if this debt is credit card debt or other unsecured debt there are solutions for credit card debt relief to eliminate credit card debt.

The first thing to do though is to avoid pressure from lenders and creditors to take a loan. This is a fatal trap. This will turn the debt from unsecured to secured and the usual way to secure it is against property and you could lose your home.

By seeking help you can usually reach a debt settlement agreement even at the late hour where you have received a letter to attend court. Lenders know if what you owe is unsecured debt their chances of getting anything are low if you cannot pay up.

Remember your lenders would rather get half of what you owe rather than nothing at all and you have several options to help to deal with this. You can approach the credit card company yourself and offer them a negotiated settlement. Even if they have served papers on you it is still possible to do this. You need to keep this in mind if you go down this route for credit card debt relief if you want to legally eliminate your credit card debt.

Most lenders will be prepared to accept half of what you owe them but you will have to negotiate to get to that. Explaining to them clearly that you cannot affords the payments or even half of it will set alarm bells ringing in their heads and they will be more willing to negotiate with you. The reason is because they will realise that if it goes to court they may end up with nothing at all.

If you are afraid of doing the negotiating yourself or just do not know how to you can always seek help from a debt settlement company. They know exactly how to deal with lenders and can slash what you owe by up to half and will then help you to reschedule your payments so you can afford to pay them.

If your credit card issuer is not willing to help and some are not then a debt settlement company is your best solution for credit card debt relief and help. If you do owe a lot of money do not despair You can get free debt help and advice and get rid of your debts for good and legally eliminate all credit card debt.

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