Decatur, GA asked in Collections for Georgia

Q: 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..

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1 Lawyer Answer
  • Collections Lawyer
  • Cary, NC
  • Licenced in Georgia

A: 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.

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