It's no big secret that the economy could be doing better. The sad thing is that the poor economy is having a negative impact on a lot of people. Unfortunately, even the most hardworking and honest of people are now finding themselves in financial trouble, due to no fault of their own. If you have credit card debt that's starting to pile up, and you are not able to make payments on it, then credit card judgments are a real possibility.
Generally speaking, you will be sued to recover as much of what you owe as possible. Now don't get too worked up about it. Even though it is a serious matter, being sued is really nothing more than being taken to court so a judge can try to make a fair arrangement. If the judge finds you do, indeed, owe your creditor money, then a judgment will be filed against you.
A judgment may actually be a better option for you in some cases. The judge should take a look at your current income and expenses, as well as the total amount you owe all of your creditors. The judge will then rule on how much you owe. However, if you are in a really bad situation, the judge may decide to reduce the total amount. Also, the judge may give you very good terms for the repayment of your debt; making sure to give you enough time to pay it off.
Don't get me wrong, though. Credit card judgments aren't fun, and should only be used as a last resort. A far better option is to avoid being sued in the first place. One way you can do this is by taking out a new loan to pay off your credit card. You will still have to repay that loan, but at least it won't be under the terms of your credit card. Credit cards are usually the worst form of debt, so a consumer loan of any kind makes more sense.
The best way to handle it is to call your credit card company at the first sign you will be missing payments. Some credit card companies will put a temporary freeze on your account, which will give you some time to get back on your feet. They may also be willing to enroll you in what's known as a hardship program. Such a program will reduce your interest rate substantially. There is a catch, however. Once you are in such a program, you won't be able to use your credit card at all, but that's actually a good thing.
Finally, be sure to pay any credit card judgments that are found against you. If you don't, then your wages can be garnished (they will take money directly from your paycheck), or a lien be held against your home until it's paid off. The main thing to remember is that being sued and having a judgment filed against you are not as bad as they sound, and could actually help you to get back on your feet.