Credit Card Lawsuit

What Good Credit Means

A summary of an individual’s credit history, a credit report serves as both a marker for an individual’s financial history and a measuring tool for business to consider when offering financial services to an individual.

Credit reports change depending on the individual’s financial decisions. A bad credit report can limit an individual’s financial opportunities, but the individual always has the option of working to improve the report and have more options for future financial decisions.

The Credit Report

 A credit report gives a summary of an individual’s credit history, including debt and open credit lines. The report is provided by one or more consumer reporting agencies (CRAs) to potential lenders giving them information to help make decisions on an individual’s financial requests, from car loans to starting a business.

Why Credit Reports Are So Important

The Importance of a Credit Report

 A credit report gives a summary of an individual’s credit history, including debt and open credit lines. The report is provided by one or more consumer reporting agencies (CRAs) to potential lenders giving them information to help make decisions on an individual’s financial requests, from car loans to starting a business.

What Is A Credit Report?

What Is A Credit Report?

A credit report gives a summary of an individual’s credit history, including debt and open credit lines. The report is provided by one or more consumer reporting agencies (CRAs) to potential lenders giving them information to help make decisions on an individual’s financial requests, from car loans to starting a business.

The Importance of a Credit Report

I absolutely cringe when I hear the term judgment proof. I originally wrote this blog several years ago. It makes more sense than ever now that the majority of phone calls I get are from debtors who are now facing post judgment collections. Just because you do not make a high income does not mean that the creditor cannot garnish a checking account, or create a cloud on title which can slow down the sale of your homestead. 

The better question is can you afford not to hire one. Credit card lawsuits are filed en masse by a handful of law firms across the state. I’ve personally reviewed court files and seen one attorney file over 20 cases in one day in the same Justice of the Peace Court.

I’ve been sued by a creditor. Is Bankruptcy the only option?

Someone came to my house, maybe late in the evening or on a weekend. They were wearing civilian clothes and driving their personal car. They handed me some official looking papers stating that I was being sued by some company I’ve never heard of on an old credit card debt. Should I be concerned? Is this legitimate?