Know the Consequences of Legal Action Against You
Creditors may take legal action to recover payments owed to them. Since legal action can be expensive, creditors may be open to negotiating payment arrangements over time rather than going to court. It’s important to talk to your creditors and see if legal action can be avoided. If your creditors should initiate court proceedings, it is important that you understand the consequences.
Check out the links below where we discuss some of the outcomes of legal action to collect debts, such as judgment, foreclosure, repossession and wage garnishment. Make an appointment to see a Faber Trustee today and let us help you make sense of your financial situation.