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Collections Law/My fiance is being sued
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Question
My fiance is being sued by state employees credit union for a loan of 3000 plus court cost for like missing 3 payments due to switching of jobs, im really worried because we just bought a house from then over a year ago, what are they going to do, we don't have any money if we did they would of gotten it, plus they never contacted me at all about it, and they did last time back in feb! Please help me im so worried!
Krissy
First, don't panic. You have rights. No one is going to do anything without giving you time to deal with it. I need to know which state you are in to be specific but I may be able to shed some light on things.
Before you go any further you need to put your finances to paper. This means listing all of your expenses and debt and comparing that to your income. Whatever money is left is what you have to work with for a payment plan. If you have any resources available you may also be able to negotiate a lump sum settlement.
This can be complicated so it would be a good idea for you to call me so we can discuss your situation. Call me at 877 270 8204. Fear not there is a solution. Things aren't always as bad as you think.
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Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
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