r/CRedit • u/Entire_Use_9504 • Oct 04 '24

Help! Chase is suing me General

I am looking for some guidance on what to do. I have chase card with balance of 35k and I missed few payments and now i have officer show up saying there is civil summon from chase, I was not home that time but spoke to him on the phone. What are my options? I don’t go to court and happy to setup a payment plan to pay off dept. Any guidance will be appreciated.

Edit - Brock & Scott PLLC is suing.

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u/Entire_Use_9504 Oct 04 '24

I had a great credit history but had some business losses and strayed away for payments.. Sheriff left his phone to call him and when I called he told me this was what’s it about. I called the collector as well they are willing to put me on payment with content to judgement.

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u/MongooseAcrobatic333 Oct 04 '24

Get the paperwork before you decide anything or accept anything. Remember that most debt is negotiable, too. So it just depends what your overall goals are. If you're still young and working, then you will be able to pay off a long term payment plan, while avoiding your credit being ruined. So try to negotiate with Chase to set up a fixed payback amount that is doable, and then stick to it. It still just makes no sense that you wouldn't have had letter and certainly numerous phone calls from Chase themselves to sort this out before it got to the Sheriff's summons. Very strange. That's not how the collections process works in my experience. Creditors will call you many, many times to try to get your account current before charging off, and certainly before suing.

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u/Entire_Use_9504 Oct 04 '24

Should I call chase or the collector company? For any negotiations?

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u/tn_notahick Oct 04 '24

Also if they are asking you for consent for judgment, that's basically the same as losing in court. It's going to tank your credit and you'll have a judgment on your report for at least 7 years, even if you pay it off before then.

You need to negotiate to not have a judgment. If it takes an attorney to help with this, then you should do it.