I recieved a summons for debt collection can i stop garnishment if i agree to use a debt consolidation company


Question:


Answer:
If you received a summons, it means a court action has been filed against you. You, or someone on your behalf, will need to contact the creditor to see if you can arrange for some kind of settlement in order to have the creditor withdraw the petition. My guess is that they've made several attempts to collect by now. I don't know if a debt consolidation company will be able to do anything with respect to the lawsuit. You or your attorney could call the creditor and perhaps make arrangements for them to accept a reduced amount. The creditor may agree to take periodic payments until the debt is satisfied.
More Related Questions & Answers...
  • Debt Consolidation?
  • What will debt consolidation company do for me?
  • Is debt consolidation for me?
  • How much debt should you have before considering debt consolidation?
  • What is a good debt consolidation company?
  • Can anyone give me advise on debt consolidation??
  • Debt consolidation questions?
  • Do Debt Consolidation company hurt your credit?
  • Debt Consolidation is it a good idea? Will it hurt my FICO score?
  • Debt Consolidation Loans for people who don't have homes and have extremely bad credit.?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic