I have a $2500 debt with Capital One. I got in financial trouble in college and I was not able to pay it off in time. My debt has bounced around to several different law firms and the new one is trying to make me pay 400 a month until I pay it off. If I don't they said I would be served. Is this threat real and how often do they come after people this hard. I basically have nothing they could put a lien on as I am still in huge financial trouble.
2006-12-18 16:33:36 · 3 answers · asked by brewers06 1 in Business & Finance ➔ Credit
they will get a judgement against you and you'll have wages garnished
2006-12-18 16:37:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
depends on the state you reside. If you have money issues still and limited income they are just blowing wind.
If they have stated "you will be served" means they have to peruse it or be in violation of the FDCPA. Most have said something like it but not those exact words. Send them a refusal to pay and no not contact certified letter. Then the only 2 choices they have are either sue you or leave you alone.
2006-12-18 16:44:29 · answer #2 · answered by ML 5 · 1⤊ 0⤋
i would not ignore this problem. trust me. it will just get worse. :( i would suggest calling or contacting a credit counseling service (not bankruptcy) like greenpath debt solutions, they will work with your creditor and negotiate a payment plan thats good for you.
hope this helps.
2006-12-18 17:25:57 · answer #3 · answered by Nicky 1 · 0⤊ 0⤋