If you are being sued for debt, there are some things you can do to lessen the impact it will have on your life, and maintain the lifestyle you are used to. It won't always be easy, but it really can be done. It seems that more and more people are finding themselves in this predicament with the poor economy. Unfortunately, it's really up to you to survive being sued for debt. Don't just bow your head, fight back.
Contact legal help, if you desire, to survive being sued for debt. While this is an additional expense, it may be a wise investment. Very few people are truly able to defend themselves in court, so it only makes sense to secure the services of a professional. Of course, if your being sued for debt in small claims, or if the amount just doesn't warrant legal assistance, you may want to take a different approach.
Negotiate a settlement when you are being sued for debt. You may very well be able to do this on your own, so it's worth a shot. Gather up your bills and attempt to settle for less than you owe. While this may not always work, it's worth a phone call. Ask to work out either a lump sum type of settlement, or go for increased monthly payments. Offer to sign a contract to pay, which may help to sway things in your favor. Above all else, be professional and courteous. Keep in mind that if you attempt this, it will be very hard to claim that you don't owe them any money in court.
Look at credit counseling services. This will really help you survive being sued for debt. Credit counseling is basically a loan, but it's a little different than most. The credit counseling company will work with your creditors to reduce payments, interest rates, and late fees. The end result, in many cases, is a reduced monthly obligation, payable solely to the credit counseling company. They, in turn, pay your creditors the reduced amount. This is a legitimate way to survive being sued for debt.
Filing bankruptcy may help you survive being sued for debt. In most cases, court judgements can be claimed during the bankruptcy proceedings, giving you a chance to keep your head above water, and survive. While bankruptcy is considered to be a last resort, it really is a viable option to survive being sued for debt.
Secure a high risk personal loan to survive being sued for debt. While it's true that another loan may be difficult to obtain, it's really not impossible. There are plenty of companies out there that specialize in high risk borrowers, so give it a shot. When you're being sued for debt, you really have to look into all options.