Legal Question in Credit and Debt Law in Florida

My wife and I have three Chase credit cards that have charged off. My wife has been out of work for over a year. We have been in contact with Chase about our circumstances. Does Chase often sue? Is my wife's unemployment a good argument if we are sued?

Asked on 8/08/12, 12:26 am

Sanford M. Martin Sanford M. Martin, P.A.

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Chase or their collection agency will sue if they believe collection is possible. Also

Chase may sell the debt to another party who may sue to collect. Being unemployed

is not a defense to a lawsuit for collection but it may be one reason why Chase has

not sued yet. If either of you are employed or have bank accounts or property which

can be garnished or seized, Chase or their agent will sue. Just because Chase has

written off the debt doesn't indicate Chase will not sue. Writing off a debt is an

accounting procedure for tax purposes. If you pay any amount toward the debt, you

will not later be able to defend a lawsuit with the statute of limitations. Until you can

arrange to pay or settle the debt, it is best to pay nothing.

Answered on 8/08/12, 4:53 am

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