I had over about $1,000.00 in overdraft fees from my former bank and had not paid them back ever since. I recieved a letter from a lawyer saying they are going to have a law suit against me within 10 days if I don't pay them or response back.
2006-12-26 13:34:01 · 12 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
should I talk to the bank or the law firm?
2006-12-26 13:59:54 · update #1
depends on how far back it was
if it was a long time ago it may be barred. contact a lawyer.
2006-12-27 07:33:55 · answer #1 · answered by BigD 6 · 0⤊ 0⤋
They can and will sue you. You need to do one of the following:
a) Pay them what you owe right now. That is only fair and reasonable.
b) Talk to them about a reduced settlement. Expect to pay cash right now.
If you talk them into taking only $500 today, you have to have it.
c) Talk to the bank about making monthly payments to resolve the situation.
Expect to pay about $100 a month for a year to settle this way.
d) Declare bankruptcy and really get shafted. Bankruptcy really gets messy.
To avoid this problem in the future, talk to your current bank about overdraft protection or a line of credit tied to your account. What this means is that they will cover your check and charge you a modest interest rate when your checks would otherwise bounce. There is usually a small fee around $5 a month for this service.
2006-12-26 13:49:46 · answer #2 · answered by Kevin k 7 · 0⤊ 0⤋
Yes, they will take you to small claims court.
If they win a judgment against you, they will probably get a garnishment order against your employer. The employer will then have to turn over XX amount to the bank until the debt, plus court costs, plus attorneys fees, is satisfied.
2006-12-26 13:44:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sure they can, but you should contact them to make payments because if you go to court and lose, they will ask the court to make you pay their Lawyers fees, and will probably get the court approval. In addition you will have your own lawyers fees.
one thousand is cheap, find a way to pay it.
2006-12-26 13:47:48 · answer #4 · answered by Nort 6 · 0⤊ 0⤋
If the account is still active and open she is legally allowed to remove what she is owed. It is then up to the partner to prove that she took more than she was entitled to. This puts the shoe on the other foot so to speak.
2016-05-23 09:20:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, they will if they haft to. Any ways you did sign a contract claiming that YOU WOULD pay the fees. Pay them back A.S.A.P.
2006-12-26 14:24:23 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Anyone with whom you have a provable debt can sue you in a coiurt of law.
2006-12-26 13:42:16 · answer #7 · answered by quietwalker 5 · 1⤊ 0⤋
Yes they can and they will. It will be on the court records until you get it paid off.
2006-12-26 13:38:02 · answer #8 · answered by Fruit Cake Lady 5 · 2⤊ 0⤋
Yes and your credit rating will be trashed.
Don't expect to get another loan, mortgage or credit card unless you can get someone to co-sign it.
2006-12-26 13:49:22 · answer #9 · answered by robbie 5 · 0⤊ 0⤋
Yes.When you signed the contract with them you agreed topay them back.They will make you one way or another.
2006-12-26 13:37:27 · answer #10 · answered by KM 3 · 2⤊ 0⤋