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
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.
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
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
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
Shop Online or Sign Up To Sell AVON & Earn Fast Cash Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.