What to Do if Sued by a Credit Card Company

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Before a credit card company files suit, a better course of action is to contact them to find out if they are interested in negotiating an alternative payment plan. Discover how the judgment from a suit can affect a credit score with legal advice from a certified family mediator in this free video on laws and the court.

Part of the Video Series: Law & Court
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Video Transcript

You've just received notice from a credit card company that they intend to sue you to collect the debt and you're not sure what to do. Hello, I'm Robert Todd and I am here to answer the question, what to do if you're sued by a credit card company. Well, probably before it comes to their filing suit against you, when you first receive notice that they're intending to file suit against you, the better course of action is to contact them or their representative and find out if they are interested in negotiating with you and discussing an alternative payment plan. You want to be able to pay off this debt before it comes down to their filing suit against you. Because, if they file suit against you and you do nothing and a judgment is entered, that judgment will go on your credit score and it will stay with you even when you satisfy it or even when you get it dismissed. So, the better course of action is to contact them in the beginning and see if you can work out an alternative payment plan. I'm Robert Todd and thank you for watching.

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