Here is the quick background. I was in credit counseling and lost my job. I then couldn't make the payments and had to leave counseling. I had a tempoary job and got a bit caught up I have a full time job again and am working on paying things off. I completely forgot about one card, got a call yesterday from a collection agency They said that i should have recieved a collection notice in the mail I said i didn't get it which was true but it was in my mailbox when i got home from work. the amount is around 5500 they offered me a settlement for 3900 but i can't do that They said that the account would go to chargeoff status and affect my credit score, and that they could file judgement against me. My boyfriend is a mortgage consultant, both him and his boss said they have never seen a credit card judgement. I'm reading all this stuff about judgements and it scares me. My boyfriend said that i should just let the collection sit there and that it probably won't do anything. I'm in MD.
2007-01-19
03:32:08
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10 answers
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asked by
Sarah F
1
in
Credit