Resolving your debt problems is not always an easy task.
Aside from writing a huge check to pay it off, at one extreme, and declaring bankruptcy, at the other, there are many other methods you can look into.
If you don't have the means to write the big check and you're falling behind on your payments, don't think you can wish your debt problems away.
We talk to people all the time who thought their debt problems would go away by ignoring them.
They usually find that they just get worse! It's only when the pain gets too unbearable that they do anything.
If you're one of these people, there are methods that are tried and proven to be successful to help you.
You have to do a little work but the time and effort expended will be worth it to you.
Do not give up on yourself.
For you, what is the first step? If you have a checking and/or a saving account at the same bank that issued your credit cards, MOVE THE MONEY NOW! While your creditors may not legally be able to freeze your accounts, they may do it anyway.
And if they do, suing them to release the funds will be expensive at the least.
In the end, they may not be required to do it.
So, do the common sense thing and move the money somewhere they can't get at it.
This next step will involve a little more time and preparation.
Your chances of avoiding a lawsuit are improved if you get this done quickly.
Your mailing address determines which law firm or attorney will handle the suit against you.
Therefore, you are going to want to move! Don't panic.
You're just going to change your mailing address which, in these days of internet access, is very easy to do.
The bank must file in the county in which you reside.
And since it's assumed that your residence is your mailing residence, this is where the law firm will be located that will file the suit.
If your mailing address is in Houston, for example, the bank will look for a firm in Houston to file the suit.
After all, that's where they think you live.
If you'd filed a change of address notice to the credit card company letting them know you now receive your mail in Houston rather than Peoria, Illinois, how would they know that you didn't physically move? As long as you ultimately receive all your mail and you pay your bills online, who's going to know the difference? (Just make sure you're paying your bills online.
) The third thing you will do is change your phone number to stop the harassing phone calls and to confirm that you have moved.
This, too, is easier than it sounds.
If you are familiar with VOIP, technology, you know that you can get a phone number in any area you wish.
And that number is not tied to the location that is associated with that area code but to a router which can be located anywhere in the world! Of course, there is more detail behind this.
And you're going to need the help of experienced professionals to take it from this point.
But, I've laid out the first steps to putting yourself on even ground with your creditors so that they will be willing to negotiate with you.
Aside from writing a huge check to pay it off, at one extreme, and declaring bankruptcy, at the other, there are many other methods you can look into.
If you don't have the means to write the big check and you're falling behind on your payments, don't think you can wish your debt problems away.
We talk to people all the time who thought their debt problems would go away by ignoring them.
They usually find that they just get worse! It's only when the pain gets too unbearable that they do anything.
If you're one of these people, there are methods that are tried and proven to be successful to help you.
You have to do a little work but the time and effort expended will be worth it to you.
Do not give up on yourself.
For you, what is the first step? If you have a checking and/or a saving account at the same bank that issued your credit cards, MOVE THE MONEY NOW! While your creditors may not legally be able to freeze your accounts, they may do it anyway.
And if they do, suing them to release the funds will be expensive at the least.
In the end, they may not be required to do it.
So, do the common sense thing and move the money somewhere they can't get at it.
This next step will involve a little more time and preparation.
Your chances of avoiding a lawsuit are improved if you get this done quickly.
Your mailing address determines which law firm or attorney will handle the suit against you.
Therefore, you are going to want to move! Don't panic.
You're just going to change your mailing address which, in these days of internet access, is very easy to do.
The bank must file in the county in which you reside.
And since it's assumed that your residence is your mailing residence, this is where the law firm will be located that will file the suit.
If your mailing address is in Houston, for example, the bank will look for a firm in Houston to file the suit.
After all, that's where they think you live.
If you'd filed a change of address notice to the credit card company letting them know you now receive your mail in Houston rather than Peoria, Illinois, how would they know that you didn't physically move? As long as you ultimately receive all your mail and you pay your bills online, who's going to know the difference? (Just make sure you're paying your bills online.
) The third thing you will do is change your phone number to stop the harassing phone calls and to confirm that you have moved.
This, too, is easier than it sounds.
If you are familiar with VOIP, technology, you know that you can get a phone number in any area you wish.
And that number is not tied to the location that is associated with that area code but to a router which can be located anywhere in the world! Of course, there is more detail behind this.
And you're going to need the help of experienced professionals to take it from this point.
But, I've laid out the first steps to putting yourself on even ground with your creditors so that they will be willing to negotiate with you.
Source...