I owe 3400.00 on a credit card. Is that considered hgh? It has been sent to court. Could the judge accept a settlement of me paying half? What is the best thing to do in this situation?
2006-07-04 13:44:44 · 4 answers · asked by CMG23 1 in Business & Finance ➔ Credit
if a collection agency is takeing you to court they really don't have the authority....They almost always will take less.
if you need help, check out the website below, it was a big help for me.
2006-07-04 14:25:56 · answer #1 · answered by hhhthegame 3 · 0⤊ 0⤋
I hope you answered the summons within the time allowed. If you don't, they may get a default judgment on you.
Did you file any counterclaims? If the collection agency has violated your rights by the way they have tried to collect, if the amount that they are trying to collect is illegally inflated or the way that they are reporting on your credit reports.
Are you still within the statute of limitations for them to file a suit?
I know, many questions, sorry.
Usually, if you want to try to settle, do that before you go to court. If you come to an agreement ""MAKE SURE" that agreement is placed into your case file !!!!!!!
I doubt that they will accept 1/2 if they have already filed.
If you do have counterclaims filed against them, that may make them say "we will drop ours if you drop yours".
I would suggest contacting an attorney. There are many atty's that will give a free first consult, just be sure and ask about that before setting a time to see them. Or, you might try Legal Aid.
You need to learn your rights and use them.
I would also suggest going to the site that I've listed. You may find info that can help you deal with this. There is alot of good info on that site and links to your states statutes.
2006-07-04 22:38:16 · answer #2 · answered by echo 7 · 0⤊ 0⤋
It's possible, as the business will most likely think that it's better to get something than nothing. But say goodbye to ever having good credit.
2006-07-04 14:22:09 · answer #3 · answered by opticalnoise 4 · 0⤊ 0⤋
YOU SHOULD HAVE SIGNED FOR THAT CERTIFIED LETTER MY FRIEND. ONCE YOU START A DIALOGUE AND GET DRAGGED IN COURT - THEY GOT YOU BY THE BALLS. YOU SHOULD HAVE NEVER SIGNED AND NEVER RESPONDED!
2006-07-04 14:30:08 · answer #4 · answered by johncharlesrealty 2 · 0⤊ 0⤋