I have not paid one of my credit cards for about a year now. And a collection agency keeps calling me about it. I finally answered and they told me that my debt was around 2,000. I asked them if there was any way they could set up a payment plan that I could afford monthly. But they told me my only option was to pay the 2,000 upfront in court in about a month or so. I do not have that kind of money on me nor do I wish to try and borrow from someone who probably would not lend it to me anyway. If I can't afford to do that, will they sue me and take me to court?
2007-03-14 15:24:28 · 3 answers · asked by LOVE 2 in Business & Finance ➔ Credit
A collection agency is not going to take you to court if you have no money.
It is a waste of their time.
Their job is to threaten you and tell you bad stuff until you pay.
Eventually they will go away.
Your credit is shot either way, but you won't have to pay if their is nothing to go after.
2007-03-14 15:29:48 · answer #1 · answered by bob shark 7 · 0⤊ 1⤋
They very well might. Also, you should know that they may garnish your wages. Now, they won't take it all, but they can take a percentage.
See if you can sell something, pawn some things, or do something. If you have to go to court, they'll also expect you to pay their court costs... and THAT can really add up.
2007-03-14 22:28:54 · answer #2 · answered by Peggy K 5 · 1⤊ 0⤋
Tell them to stop calling you and then go jump in a lake. They cant take you to court and they cant ruin your credit anymore than it is right now but they have to stop calling you if you ask them to, it's the law.
2007-03-14 22:41:48 · answer #3 · answered by Akbar B 6 · 0⤊ 2⤋