I just got served this morning for a debt that was for 900.00 originally but is now 1275.00! I am pregnant and had a very difficult pregnancy which left me with no choice but to stop working until I have the baby, (which is in 12/06/07). Anyways, I got served today by Wells Fargo Financial and have 20 days to respond...has anyone been through this that has experience with going to court over such matter? I don't own my car yet, and I don't own a house so what then can they do to me? At this point can I file bankruptcy or is it too late? Or will I be required to make payment arrangements at the court? Help!
2007-09-14 05:53:09 · 7 answers · asked by moopie 1 in Business & Finance ➔ Personal Finance
I guess I should of mentioned I have other debts but never in my life have I been summond to court for anything I owe. I was left with alot of credit card bills from previous marriage and was never served. I was thinking of filing bankruptcy for all I owe including this one.
2007-09-14 06:20:39 · update #1
You want to file bankruptcy over "such a small debt"?
Actually it is becoming more common for creditors to sue for smaller amounts. File your response. If you are unable to go to court due to your physical condition, you should be able to request an extension.
When you do go to court, they will win a judgment. They can then garnish your wages, attach your bank account, or lein your property. Judgments are good for 10 years and can be renewed. They will just wait till you have assets or a paycheck to go after.
2007-09-14 06:04:11 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
Technically, you don't owe enough to make it worth filing bankruptcy. Infact, it would cost you more to file the bankruptcy than to pay the debt. If you do file bankruptcy, and are eligible under the new laws, you would need to make a payment arrangement via the court. First, contact Wells Fargo and explain that you are out of work due to your pregnancy and see if you can set-up a payment arrangement with them that you can make. They're not required to do so now that they've served the papers, but they might. After that, look into obtaining legal counsel.
2007-09-14 06:04:59 · answer #2 · answered by Ari 3 · 0⤊ 0⤋
If you do not show up at your court hearing, Wells Fargo can attempt to get whatever monies you may have in any other bank accounts under your name or if you have a husband, go after his.
Since you seem to have a legitimate medical excuse, I would get this in writing from your doctor and show up at the court hearing and present your situation. Perhaps, they can make up a payment plan for when you are on your feet again.
2007-09-14 06:05:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
ABSOLUTELY, keep any and all documentation that shows you made a deposit and how much you were not credited. Add to that amount ALL fees and penalties plus credit damage and stress related to this matter. Wells Fargo tried to screw me over about a year ago, but I had all the paperwork so the IRS dropped a $600 claim against me for back taxes.
2016-05-19 04:51:48 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Darlin I though I was going to be able to help you with this one but I am also wondering about that same thing. I had a debt to Wells Fargo also but it was originally $400 but now it has been charged off. I don't have to worry about then anymore but I do have a charge off on my credit now.
2007-09-14 06:19:27 · answer #5 · answered by daisygirlsgp 2 · 0⤊ 0⤋
Looking for a good answer on this too
2016-07-30 03:10:06 · answer #6 · answered by ? 3 · 0⤊ 0⤋
thanks to each and every one of you for the answers!
2016-08-24 15:56:05 · answer #7 · answered by Anonymous · 0⤊ 0⤋