Ask Experts Questions for FREE Help !

    Being sued in Michigan by HSBC

    Asked Jun 16, 2008, 01:42 PM 1 Answer
    Hello. I live in Michigan and forgive me ahead of time for being nave. It's not an excuse, but it is the reason I've fallen into the hole I'm in. :o
    Last August I realized I was falling behind on my credit card debt.
    I got involved with a Debt Consolidation program.
    My PROBLEM is that one of the creditors, with two different accounts (HSBC) are sueing me and taking me to court.
    Has anyone experience this before? Are there Michigan laws that might help me here?
    I know they do not have the original agreement for when I first got the card. I never received any notice that they were not going to work with the Debt Consolidation company. I have other HSBC credit cards that DID agree to the consolidation.
    What the heck do I do now? :eek:
    Thank you in advance for your time and consideration.

    Last edited by Curlyben; Jun 16, 2008 at 02:56 PM.
    Search this Question
    Share |
    1 Answer
    purplewings's Avatar
    purplewings Posts: 145, Reputation: 24
    Junior Member

    Jun 16, 2008, 02:51 PM
    Since litigation is expensive and time-consuming, if I were in your position, I would contact the company and try to set up a repayment schedule - even if you have to borrow from your family to get it started - and then adhere to it 100%.

    We don't have debtor's prisons anymore, so you won't go to jail, but they will destroy your credit record and attach any monies you may have in your bank account, or winnings you may receive from another source.

    All they really want is what you owe them. I think you could relate to that - I know I don't want to pay for what someone else is enjoying.

    Give settling a shot and if it doesn't work, you may want to start gathering paperwork showing your income and your monthly expenses for the courts to view.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Served a summons/being sued for credit card debt/first time being sued [ 2 Answers ]

I have been served a summons by first class mail of a lawsuit against me by an asset collection agency on behalf of a credit card company. The asset company has purchased the debt,in an amount just over $1000. My question is how do I proceed as I have never been sued before. I currently am...

I'm On SSI disability And Being Sued By HSBC Credit Card Company [ 9 Answers ]

I'm hoping someone can help me on here since I feel like I'm at the end of my ropes. I'm a 53 year woman and I'm on SSI disability since the age of 18 for mental and physical disabilitiesI managed to get my credit cleared up last year and obtain a couple of credit cards one being a HSBC MasterCard....

Hsbc & phone calls [ 3 Answers ]

I am so aggrevated (pulling hair out). We have a second on our house from hsbc and owe for may 2008 payment. I have spoken with reps. On days & times letting them know that due to the shooting deaths of my 2 children I would not be making a payment at this time due to burial costs. This company...

Hsbc Bank [ 16 Answers ]

My husband filed his taxes and used our children for his dependants. Well, someone used our children's ssn# and the IRS refuses to pay hsbc bank until they finish their investigation. That's understandable and is really not a problem. However, hsbc is being very ugly about the situation (We...

View more questions Search