Legal Question in Credit and Debt Law in Pennsylvania

Credit Report Judgements

Will my credit be less affected if I have one large credit card judgement or several smaller ones? How high does the balance need to be before a company will consider it ''worth'' initiating a lawsuit?


Asked on 6/15/08, 7:47 pm

1 Answer from Attorneys
John Gibson John W. Gibson, Esquire

Re: Credit Report Judgements

Don't let the credit card companies get judgments against you in the first place. Whether you can afford an attorney or not, when you get a letter from the Magisterial District Judge, call and tell them that you intend to defend. At worst, you will be able to settle with them. I've seen them file actions for as little as $1,200.

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Answered on 6/16/08, 11:32 am


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