What Happens If a Debt Collector Sues You But You Can't Pay?

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If a debt collector sues you over old debt but you can't pay, don't panic. You have options. Responding to the lawsuit preserves your rights and gives you time to explore options like negotiating a resolution, enrolling in a debt forgiveness program, seeking legal advice, or even filing for bankruptcy. Understand your state's statute of limitations on debt and gather records about the debt. A debt relief expert can help you navigate this complex situation. Ignoring the lawsuit can lead to a default judgment against you, giving the debt collector significant power to garnish wages or seize assets. Stay informed and respond appropriately to collection attempts to better protect yourself.

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