If you are in Florida and if you have credit card debt, if you have started to go delinquent on the credit card payments, you should know that you may get sued by your creditor or creditors. A credit card lawsuit can have a huge negative impact on your credit and so it is best to avoid getting a judgment against you. So, it is essential for you to keep a track of your expenditures and your credit card payments so that you don’t miss payments on your cards.

Credit card lawsuit

If you are facing problems in making payments on your credit cards and if you think that you may get sued by your credit you can try credit consolidation. Credit consolidation helps you to avoid a lawsuit as consolidation groups together all of your credit cards into a single debt and lowers the interest rate on your bet. As a result it becomes easier for you to make the payments.

It is best to avoid a lawsuit as it gets listed on your credit report. A judgment generally stays for 7 years on your credit report even if you pay off the outstanding judgment amount. It lowers your credit score and affects your ability to get new credit. Moreover, you should also know that your wage can get garnished or a lien can be out on your property as a result of the judgment. If you want to avoid a garnishment you will have to talk to the creditor about a repayment plan and go on making payments till you are able to pay off the outstanding debt amount.

When a creditor files a lawsuit against you, you are supposed to receive a summons and complaint letter. You will have to answer to this summons within a stipulated time and if you miss this, the creditor will end up winning a default judgment against you. In that case you won’t be able to plead your case in court. However, if you do not receive any summons and if you know that you are being sued, you can appeal in the court against your creditor. As per the law, you can file an appeal in court to voi9d a judgment against which you have received no summons.

Another thing that you should keep in mind is that a creditor can sue you for non-payment of dues only within a stipulated time. This is known as the Statute of Limitations or SOL. With the expiration of the SOL, the creditor can’t file a lawsuit against you. The SOL in Florida for credit card debt is 5 years.

To know more about Florida credit card debt law, get in touch with a competent Florida Debt Attorney. Visit www.helpingfloridaconsumers.com for more information.