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There are many persons who are more interested in finding out whether the summons has been issued from the court of law or whether it has been issued by the credit card issuer. To tell you the truth, it does not make any difference whatsoever.
Irrespective of whether the summons has come from the issuer or not, you will have to answer it. The simplest reason why you will have to answer it is because non-answering will put you in a position where the credit card issuer can go to the court to seek action against you.
On the other hand, if you answer the summons, chances are high that you can come up at a reasonable negotiation point where both the parties can work together. However, you cannot just walk in to the credit card issuer's office and expect the company to suggest the solution.
It is obvious that you have been summoned because you are not repaying the debt on time. What do you intend to do to repay the debts? Why are you not repaying the debts on time? How do you intend to change the situation? You should have the answers to all these questions. Remember that credit card issuers are unsecured lenders and they are scared that the money that they have invested in you will go waste.
They have to rely on your future income for their repayment. If you do not repay the debts on time, they have no option but to utilize the legal option to recover the amount. However, the legal solution is fraught with risk and consequences. In such a scenario, a borrower who gets in touch with the company and explains his or her problem and gives a definite time frame to solve the problem will always be given a fair hearing.
Of course, credit card issuers act tough because they don't want to be taken for a ride. However, you can always establish good channels of communication and maintain good relations. Again, it is a misconception that credit card issuers maintain good relations only with those who repay their debts on time.
They shower the good borrowers with goodies and other benefits. However, communication is always kept open with those who do not repay the debts on time. Hence, when you are answering the summons, irrespective of whether you are going to meet the company or the court, you should have answers to these basic questions in your hand. If you do not, you can appoint an intermediary to help you out.
It does not hurt to think ahead and think of settlement and other such solutions that will offer permanent relief. If the credit card issuer is completely inflexible, you can use these arguments to tone down the level of opposition.
If you are over $10k in unsecured debt it would be financially prudent for you to consider a debt settlement. There are organizations that exist called "Free Debt Relief Networks" that are a great place to start in locating legitimate debt settlement companies in your region. They provide free debt help and know where to locate the top performing debt settlement firms. To get free debt help check out the link below:
<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2133993');" href='<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2133993');" href="/links/?u=http://www.debtreliefemergency.com/" target="_blank">http://www.debtreliefemergency.com/</a>'>Free Debt Advice</a>
contact us for free debt advice = 8884442820
There are many persons who are more interested in finding out whether the summons has been issued from the court of law or whether it has been issued by the credit card issuer. To tell you the truth, it does not make any difference whatsoever.
Irrespective of whether the summons has come from the issuer or not, you will have to answer it. The simplest reason why you will have to answer it is because non-answering will put you in a position where the credit card issuer can go to the court to seek action against you.
On the other hand, if you answer the summons, chances are high that you can come up at a reasonable negotiation point where both the parties can work together. However, you cannot just walk in to the credit card issuer's office and expect the company to suggest the solution.
It is obvious that you have been summoned because you are not repaying the debt on time. What do you intend to do to repay the debts? Why are you not repaying the debts on time? How do you intend to change the situation? You should have the answers to all these questions. Remember that credit card issuers are unsecured lenders and they are scared that the money that they have invested in you will go waste.
They have to rely on your future income for their repayment. If you do not repay the debts on time, they have no option but to utilize the legal option to recover the amount. However, the legal solution is fraught with risk and consequences. In such a scenario, a borrower who gets in touch with the company and explains his or her problem and gives a definite time frame to solve the problem will always be given a fair hearing.
Of course, credit card issuers act tough because they don't want to be taken for a ride. However, you can always establish good channels of communication and maintain good relations. Again, it is a misconception that credit card issuers maintain good relations only with those who repay their debts on time.
They shower the good borrowers with goodies and other benefits. However, communication is always kept open with those who do not repay the debts on time. Hence, when you are answering the summons, irrespective of whether you are going to meet the company or the court, you should have answers to these basic questions in your hand. If you do not, you can appoint an intermediary to help you out.
It does not hurt to think ahead and think of settlement and other such solutions that will offer permanent relief. If the credit card issuer is completely inflexible, you can use these arguments to tone down the level of opposition.
If you are over $10k in unsecured debt it would be financially prudent for you to consider a debt settlement. There are organizations that exist called "Free Debt Relief Networks" that are a great place to start in locating legitimate debt settlement companies in your region. They provide free debt help and know where to locate the top performing debt settlement firms. To get free debt help check out the link below:
<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2133993');" href='<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2133993');" href="/links/?u=http://www.debtreliefemergency.com/" target="_blank">http://www.debtreliefemergency.com/</a>'>Free Debt Advice</a>
contact us for free debt advice = 8884442820
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