Okay, last year I was sued over some old debt from 2 long-defunct credit cards... the debt had been bought from the credit-card company by one of those companies that does that sort of thing and then goes after the debtor on its own.
I agreed in civil court (in New York City) to pay this new creditor $200 a month of my debt until it was repaid. (Which would take about 70 months.)
I was able to pay back $1,400 in '06, but my financial situation has changed for the worse, and I haven't been able to pay anything since November.
So I'm getting sued again (the summons claims I haven't paid anything back at all (WRONG) and adds over $4000 in instant interest)... what should I do?
I won't be able to pay anything else for at least several months (housing, utilities, and food (and Internet of course!) take priority).
Is it likely that my creditor will agree to a new settlement? I can't have my bank account frozen, that would be the end of me.
Thanks for your advice.
2007-03-07
19:24:14
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2 answers
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asked by
Portishead
2