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Ms. Garcia said she had seen many clients take on terrible credit card debt to pay for basic dental procedures. Well, there are a few different outcomes that typically depend on the creditor youre working with and the size of the debt. A settled debt will report on your credit history as debt settled for less than the full amount owed. This negative reporting will likely decrease your credit score, making future borrowing more costly in the form of higher interest rates and annual fees on credit cards., Also, be aware of potential tax consequences resulting from settled debts. Use of its products are governed by its Terms of Service, Privacy Policy, and Legal Disclaimer. Getting Your Credit Card Lawsuit Dismissed | San Antonio Debt Ask for Alternative Form of Repayment If you have received a notice before the lawsuit is filed, you may still have time to If you received a collections letter, that means you are in collections. Your use and access of this website are subject to Supplemental Terms. Written by Attorney Jenni Klock Morel.Updated November 29, 2021, Hearing the words youve been served is never good. If there are grounds to get a lawsuit filed against you tossed out of court, you should do so. Likewise, the person or company suing can also dismiss the case voluntarily if they realize they can't prove their claims. Identify and challenge any discrepancies in interest calculations, which could help achieve a debt settlement or relief. Understanding the common reasons for dismissal can help you assess your situation and determine the best course of action. For years she practiced consumer bankruptcy law exclusively as a debtor's attorney, helping individuals and families file for Chapter 7 or 13 bankruptcy protection. You can request alternative forms of repayment, some of which may include: If your creditor agrees to either of these things, the lawsuit they filed will be dismissed and you will be able to move forward with the new payment plan. It's one of the greatest civil rights injustices of our time that low-income families cant access their basic rights when they cant afford to pay for help.