Are there any potential risks if I choose not to settle my debts?

Choosing not to settle your debts in West Virginia could have serious financial repercussions. If you are unable to pay your debts, creditors may take action to collect what is owed, which can include filing a lawsuit and placing a lien on property. If a creditor is successful in court, you may be ordered to pay more than the amount you owe, as well as court costs and attorney fees. If you fail to pay, the creditor can also win a judgment against you, which allows them to garnish a percentage of your wages or bank accounts. Additionally, creditors can report delinquent payments to the major credit bureaus, negatively affecting your credit score. Debt settlement may be able to help you save money and avoid legal action, but it is important to weigh the associated risks against potential benefits when considering this approach. If you choose not to settle your debts, make sure you are familiar with the legal actions a creditor can take in West Virginia to ensure you can respond to any threats.

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Are there any potential risks if I choose not to settle my debts?

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