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Joining a class action suit


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On of my favorite books on credit repair "To pay or not to Pay" (www.amazon.com/gp/product/158062944X/sr=1-2/qid=1155412107/ref=sr_1_2/102-5917180-6916113?ie=UTF8&s=books)

suggest joining a class action suit in order to get a debt settlement . Two active suits against Chase & Capital One (www.braunlawgroup.com) are two Im thinking of joining. Does anyone have any experience with type of technique for debt settlement and credit repair?

Thanks

Playmaker

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In case you aren't aware, if you currently have an account with a company, such as Crap1, and a class action incurs, you will usually receive a letter of sorts, advising you of your rights to be or not be involved. An example is we have a HELOC with Countrywide, and though we have no problems with them and all transactions have been proper, we received a letter informing us of a new class on them. It is in regards to a fee they charge in that is it legal or not.

If you have not received a letter, and are able to read the whole action, look for the date range, if applicable, to see if it does involve you. If you still have questions as to if you are, contact the attorney of record for the plaintiff to inquire. then go from there.

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