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More on rebuilding credit, the third toughest job — 2 Comments

  1. Excellent post with lots of great resources!

    Just one thing that I recommend you correct is your statement that lawsuits are rarely filed for consumer debt. Actually, suing for consumer debt, especially credit card debt is now big business. Anyone who is notified that they are being sued for debt should definitely show up for court. If you don’t, the court will find for the plaintiff as a default judgement. Then, if you do not pay the debt, the collection agency can take further court action to get payments from you, and you can be subpoenaed to show up for a debtors examination hearing (called an OEX or Order of Examination in some locales). If you fail to show up to court for that, the judge can issue a bench warrant for your ARREST (CRIMINAL CHARGE for failure to comply with a court order).

    Links:
    https://www.avvo.com/legal-answers/what-happens-if-i-can-t-appear-in-small-claims-cou-1673460.html

    http://www.lawqa.com/qa/will-i-get-arrested-for-failure-to-show-in-court-for-debt

  2. Pingback: Mental toolkit for overwhelming times | Life, CRPS & Everything

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