Sportster2008
Oct 15, 2010, 08:05 AM
Had 8 credit cards with all balances less than 50% and most banks cut off the lines to balances owed.
I was never late on a payment and the accounts were very seasoned. We used the line to keep our business running.
Some were corporate but all were guaranteed by me personally.
I quit paying and the harassment started for the past 5 months. Now I have received the 1st lawsuit from Chase.
I still have a chance of settling if certain business deals come through but I need time.
Any advise would be helpful on how to hold them off less a bankruptcy or taking a judgement.
TJT
I was never late on a payment and the accounts were very seasoned. We used the line to keep our business running.
Some were corporate but all were guaranteed by me personally.
I quit paying and the harassment started for the past 5 months. Now I have received the 1st lawsuit from Chase.
I still have a chance of settling if certain business deals come through but I need time.
Any advise would be helpful on how to hold them off less a bankruptcy or taking a judgement.
TJT