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Ask Dave

Sued By Collectors?

Anthony gets the bad news on what will happen if the creditors follow through with their threats and do sue him.

QUESTION: Anthony is being threatened by creditors.  They have told him that they’re going to sue him.  He makes $1,600 a month and has a lot of debt.  What will happen if they do sue and they win?

ANSWER: If they sue you, they will win because you owe them money.  You have failed to uphold your end of the contract.  It will go into judgment and then they will execute the judgment, which means they will garnish your wages, clean out your bank account, and take just about everything you own.