I am getting a threatening letter taking me to court!

If you receive a letter saying that if you do not pay within a certain period of time then your account will be submitted to court for a judgement. This means that the collection agency is flexing its muscles and saying, its just about had enough of the outstanding debt. The fact is that it will take several weeks or several months to obtain a judgement but that is the way they are going. The company has every right to obtain a judgement to collect however, its really just a piece of paper signed by a judge that says you have to pay. We know that with out the action right?

Your best bet is to complile all of your debts and finances and sit down with a Credit or Financial Health counsellor and have a full assessment done.