What Happens If You Don’t Pay A Credit Card Lawsuit

 Have you ever wondered what happens if you find yourself embroiled in a credit card lawsuit and choose not to pay? It’s a tricky situation that can lead to a cascade of financial and legal troubles. Understanding the possible repercussions can help you make informed decisions about how to handle such a predicament.

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What is a Credit Card Lawsuit?

Let’s start by outlining what a credit card lawsuit entails. When a credit card company, or a debt collector authorized by them, files a lawsuit against you, it’s typically because you missed payments and subsequently defaulted on the credit agreement. This action could stem from persistent missed payments or a refusal to pay your outstanding balance.

The Process Leading Up to a Lawsuit

The journey from default to a lawsuit isn’t instantaneous. Initially, credit card companies will attempt to collect the debt through emails, phone calls, and letters. If these attempts are unsuccessful, the company could then sell your debt to a collection agency. If the situation remains unresolved, they might resort to filing a lawsuit to secure a legal judgment against you.

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