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can i sue my debt settlement company?

I signed up with a debt settlement co, because my 3 credit cards raised their rates to 29.99 % without notice and refused to work with me to lower those rates. The settlemrnt co. advertised that only .005% of their clients get sued by the creditors. Well i have been sued by 2 of 3. In my view this is false advertising and lapse of ability to settle.

Asked By: Don - 12/31/2011
Best Answer - Chosen by Asker
Regarding your question, your potential cause of action is a breach of contract. Did the debt settlement company act, or fail to act, in a manner that caused the creditor to file a lawsuit? You may be able to argue that the debt settlement company encouraged you to default on your payments caused the lawsuit. However... More
Answered By: Daniel - 1/4/2012
Additional Answers (9)
You should have never used them... More
Answered By: Angry Bird - 12/31/2011
 
Apparently you are the .005% of their clients that have gotten sued.
Answered By: Peilthetraveler - 12/31/2011
 
No you cannot sue your debt settlement company. You were naive to sign up with them to begin with. Read over your contract along with the fine print and you will see that you agreed to their terms and conditions from the start. Individuals who think a debt settlement company will change their lives for the better have... More
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Answered By: Heather - 12/31/2011
 
It is false advertising, but not for the reason you say. The reason that it is false is because more than .005% get sued, not because you got sued.
Answered By: StephenWeinstein - 12/31/2011
 
No you can't. Too bad you didn't post here before you started as we would have warned you about this.
Answered By: CatDad - 12/31/2011
 
Just give it a little time, that third credit card will be sending a summons too.
Source(s):
Answered By: bdancer222 - 12/31/2011
 
And how much did you pay the debt settlement company to make your credit take a dive... More
Answered By: Use Your Noodle - 12/31/2011
 
If you need debt collection help I decided and went to http://www.debtconsolidationloan.me - they are a debt consolidation company
Source(s):
Answered By: Mauricio - 1/1/2012
 
Nope you certainly cannot. In the first place, there is always a contract, and that would tell everything.
Answered By: Stephanie - 1/2/2012
 
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