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Offlinejoshisstoned
Motorcycle Enthusiast
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Registered: 05/24/09
Posts: 3,544
Loc: Ohio
Last seen: 9 years, 6 months
Being sued by a creditor...
    #14643367 - 06/20/11 02:09 PM (12 years, 7 months ago)

Does anyone have any experince with this. I owe a semi small amount, $1600. What can I expect? I figured it would cost too much to sue and would just be written off and be on my credit. Thanx!


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,805
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Re: Being sued by a creditor... [Re: joshisstoned] * 1
    #14643414 - 06/20/11 02:19 PM (12 years, 7 months ago)

If you own nothing, your creditor will lose or eventually manage to cease your salary. Unless you move and don't give him your address, in that case he wont know where to find you

You credit score will be affected and odds are you wont be able to borrow for a long time

Just pay your damm bills and/or learn how to be financially responsible


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Invisibleblewmeanie
I'm a teapot User Gallery


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Registered: 10/01/06
Posts: 28,984
Loc: Flag
Re: Being sued by a creditor... [Re: Patlal]
    #14643463 - 06/20/11 02:26 PM (12 years, 7 months ago)

psssht. That's the suckers way to go about it.

OP, take out another credit card, and use it to pay off your debt; repeat until your progeny curse your name durring your funeral. That's a lot of your's in one sentence, but I don't give a fuck; it's the American way.


--------------------
The Prophecy!

Learn To Code


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Offlinejoshisstoned
Motorcycle Enthusiast
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Registered: 05/24/09
Posts: 3,544
Loc: Ohio
Last seen: 9 years, 6 months
Re: Being sued by a creditor... [Re: blewmeanie]
    #14643720 - 06/20/11 03:18 PM (12 years, 7 months ago)

If I had some extra cash it would be fine...it's just left over college debt. I'm raising my family...


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Offlinelove2shpongleIRL
Opiophile
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Registered: 06/11/11
Posts: 4,784
Last seen: 11 years, 9 months
Re: Being sued by a creditor... [Re: joshisstoned]
    #14643805 - 06/20/11 03:39 PM (12 years, 7 months ago)

See if you can bargain with the creditor. They generally purchase your debt for a significantly reduced amount so that leaves them some wiggle room.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot


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