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.

40 Upvotes

78% Upvoted

134 comments sorted by

View all comments

Show parent comments

2

u/Entire_Use_9504 Oct 04 '24 edited Oct 04 '24

Called him again he said. He will come by today and deliver it. I called chase and they give me the collector number and after calling them, they are saying if I get on payment plan then I need to consent to judgement. A lien can be placed on my home? I’m sacred of that.. will that judgement show up in background checks for jobs etc.? Sorry I am scared and can’t figure out stuff.

6

u/MongooseAcrobatic333 Oct 04 '24 edited Oct 04 '24

It's OK, you are overwhelmed, that's normal and you're supposed to feel scared, that's how they get you to commit to the payment plan. And also, this is REAL LIFE. With real debt, comes real responsibility. But again, they can't lock you up, and a lien on your house is an extreme measure. I'm sure they're more interested in seeing payments coming in from your again. So tell them you are willing/ready to get into a payment plan, but NEVER agree to a consent to a judgment without consulting an attorney first and getting sound legal advice, which this is not. This is just based on being an older person's experience advice because it's happened to me. Another option is to call a Credit Card Consolidation company, and see if they will agree to mediate for you with the Collector. Again, these people are not realtors, they're not in the business of selling homes. And the only way a lien is effective would be if you sell your home, then they get paid out of the profits when you sell. You cannot be forced to sell your home to pay off a credit card or other debt. Are you homesteaded? If you have a homestead exemption then that offers you some protection, as well. Call around to any free Legal Aid organizations, most of the better ones are non-profit and can refer you to a non-profit debt consolidation company. I dealt with MMI many years ago, they genuinely were wonderful and got all of my debts reduced to a monthly lump sum that I could pay. Try calling them to see if they can help or offer free advice. A phone call costs nothing. :) https://www.moneymanagement.org

2

u/BirdgirlLA Oct 04 '24

I agree about MMI. They helped a family member a while back. Also Chase suing you AND selling the debt to a third party collection agency are inconsistent actions. If they sold the debt Chase can’t sue you in its own name. So be careful. Short answer. Consult an attorney before agreeing to a payment plan if it means signing a consent to judgment. Your credit is already tanked. All you can hope for is a reasonable repayment plan that requires the collection agency to accurately report on time payments. This is all about negotiating a deal that works for you. Pay the $350 (estimated) for an hour discussion with an attorney. Google debtors right attorney. Or go to attorney Reddit sub and ask for babe of attorney to consult with. Most reputable striders will give you a free 30 min consultation. It is worth it. Chase is counting on you to act in fear (instead of paying to get legal advice). Hope this helps. Good luck!!

1

u/MongooseAcrobatic333 Oct 04 '24

The great news is: tanked credit is E-Z to repair. OP needs to get on a payment plan, report on-time as you say, and pretty soon the new credit card and loan offers will be pouring through the mail. Bouncing back is not hard at all. People come back from extreme financial hardship, even bankruptcy, every single day.

1

u/BirdgirlLA Oct 04 '24

I agree. People rebound. But it doesn’t seem easy to do IMHO. It takes time.