Opened line of credit in 2005. in 2011 mortgage co wrote it off..Now I am being sued for same loan. What can I do..
1 Answer | Asked in Collections Law for Georgia on Apr 8, 2013.
Answered On Apr 8, 2013
You do not provide enough details. What do you mean by the "mortgage company wrote it off." When was this? Why? Did you get a 1099c? Who is pursuing you now if so? Depends on your circumstances, but your options are: (1) file bankruptcy; (2) try to defend in litigation if you have valid defenses; or (3) try to settle this or work out some arrangement depending on what is owed.