They said they would settle for less...but I have not the amount and they say they will file judgement on Friday...
2006-06-14 05:52:24 · 5 answers · asked by Wanda R 1 in Business & Finance ➔ Personal Finance
I paid on it for a few years and the balance never changed... can they still hold me liable for the full amount?
2006-06-14 05:57:54 · update #1
Can they garnish wages or put a lien on my bank account?
2006-06-14 06:04:25 · update #2
I had a judgement filed against me. I paid the debt. I am now in the process of debt recovery. I did find out that when they file a judgement, you can call the lawyer in charge of the action and talk to them about debt repayment. The interest didn't mount up either after the judgement was filed. The only draw back is that they keep it on file for the next 6 years after the debt is satisfied
2006-06-14 06:00:41 · answer #1 · answered by amaridy 3 · 0⤊ 0⤋
You need to discuss settlement, before they file. Work with them on a lower rate and a payment schedule. They will work with you if you show you want to resolve it.
Once this gets filed in court, your credit record will be toast. It will take you years to clean it back up.
2006-06-14 12:59:43 · answer #2 · answered by Dallas 2 · 0⤊ 0⤋
I believe if they said they would it is wise to assume that they will.
However, I would be more interested in addressing your ability to pay your debts as I believe they would be too.
2006-06-14 13:02:18 · answer #3 · answered by Darren J Smalley 2 · 0⤊ 0⤋
Try to make a settlement before they do decide to make a judgement.
LC
2006-06-21 15:49:49 · answer #4 · answered by littlebit 5 · 0⤊ 0⤋
yes they can
2006-06-14 13:57:17 · answer #5 · answered by JULIE 7 · 0⤊ 0⤋