Yes, you can negotiate and settle a credit card lawsuit. In some cases, if you cannot raise enough money to settle in a lump sum, you will be able to set up affordable payment arrangements to keep from being garnished, or your bank account levied. Being sued for a credit card debt happens at different stages of collection. Are you being sued by a collection law firm on behalf of your original creditor? Lawsuits in the first stage of credit card collections (your account has never been sent to a debt collector) is not that common, but it does occur. Most of the time (but not all), you have at least 6 months of nonpayment before the risk of being sued begins. The risk of being sued increases incrementally from there. Your original credit card bank may target your account for placement with a collection attorney based on several factors. 1. The credit card is new, saw heavy use and was nearly maxed out, then payments were missed. 2. The balance on the credit card is mostly made up of a balance transfer that was recently made (last 12 months, and with some creditors within the last 24 months).

The attorneys and debt collectors hired by a debt buyer often work on a contingency (original lenders and credit card companies hire collectors on contingency too). This means they get paid when they get you to pay. For this reason, they have developed different methods for evaluating which accounts will have the highest likelihood of a return - getting you to pay. This sophistication is