Validation Letter: Temporary Solution When Being Sued By A Credit Card Company

Thousands of Americans are embroiled in credit card debts that the number of people being sued by a credit card company is on the rise. Unfortunately, many people think that they can get away with not paying their credit card debt when their accounts were marked as a charged off on their credit report.

The fact is, junk debt buyers, collection agencies and of course, the original creditor would still want to collect even a portion of the debt and to do this, they will have to file a card lawsuit. In doing so, they could get legal authorization to garnish wages, empty bank accounts or worst, debtors' properties may actually be seized once they are being sued by a credit card company.

The good news is, you can do something about it. You can prevent your creditor from getting a-hold of your money or property when being sued by your credit card company and even thwart possible lawsuits. How?

One effective but temporary solution to get more time to determine the next step is to request a validation letter when being sued by your credit card company. By requesting a debt validation letter when being sued by a credit card company, the other party will be required to send you a signed document that verifies the card debt in dispute. If they send this document, all collection efforts go to a grinding halt. From there, you will gain enough time to determine what you can do next to handle the credit card lawsuit.

You can either go ahead and study how to defend yourself in court or by hiring a lawyer or you can negotiate a deal with your creditor. To negotiate a deal with your creditor, you will have to contact the person with the authority to handle such accounts, and not discuss the issue with a random customer service representative.

Once you get a-hold of the right person, discuss the issue, and let him or her know that you are serious about paying the debt. If you are going through a difficult time, like a loved one being sick, you've gone through accidents, disasters or any events that could've led to depleted funds, let your creditor know and he or she just might give you a break. They could either drop the credit card lawsuit altogether or they just might agree to get only a portion of the debt with a sensible payment plan to boot.

If things work out in your favor, make sure you get everything in writing! Don't expect your creditor to do exactly what they promised because let's be honest, some will say just about anything just as long as they get the money. Get everything in writing, have the representative of the company, and yourself sign the agreement.