here is the thing... i'm in debt over 20.000. I went for help to a law firm and they took all my credit cards to try to settle for me.. I pay them $300 each mos. The problem is that Chase bank sued me for $3000 which i owe on one credit card. I don't know what to do... i don't have the money to pay and i have to go to court on Monday 10/29/2007 . The law firm that took my credit cards said that i should go to court and give them copies of all my bank statements, wages, income taxes... everything that i owe... I'm a bit scared. Please help me as soon as posible... i'm very scared and i don't know what to do.
2007-10-23 11:27:55 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
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2007-10-24 00:22:06 · answer #1 · answered by brady ewart 3 · 0⤊ 0⤋
From what it sounds like is that this lawyer is a debt negotiator. Where they charge you a set amount each month and then offer a bulk payment to a specific creditor in order to settle the account. The problem is to do this they usually do not pay any of your other bills during this time. It seems that Chase did not want to wait until they got paid and sued you.
Since you have to go on Monday you may have to do some quick checking and defend yourself in court, or find another lawyer. It does not sound as if this law firm is really interested in defending your case. The first thing you need to look at is the Statute of Limitations. Depending on your state this is anywhere from 2-6 years from the date of the last delinquency. They must also prove that they have the right to collect as well as that it is indeed your debt. If they can not show proof of any of these things you can make a request to dismiss the case.
If you don't think it can get thrown out then another option would be to see how many payments you have done to the law firm. If there is enough then get this lawyer to see if he will negociate with them for a reduced amount.
Your problem in any defense past this point is you have enough money to pay your "attorney" $300 a month. Then your debt with Chase was only $3,000 your payment to them was probably less than that. So the court won't care about your wages and income, and probably won't give you any breaks.
Now, if you signed anything with this "attorney", you need to read it over very carefully. If they did not disclose this posibility of you getting sued you MIGHT be able to file a case against them for malpractice. They probably covered every option, so it is a small chance, but something you should look into.
2007-10-23 18:53:45 · answer #2 · answered by OC1999 7 · 1⤊ 0⤋
I think you should give the company that is suing you a call asap and see if you could work out a last minute deal. this same thing happened to me. I was supposed to go to court at the end of july but I had sent a written letter to the court and to the company suing me about a month before the court date. I stated that I didn't have all the money up front like they wanted but would be willing to make payments of $200/mo until it was paid off. They replied with a letter back about 3 weeks later and said they would accept my deal and I didn't have to go to court. If it really is too late I would say to show up with all your bills also because I am sure they can't garnish you for more than you can handle. Good luck!
2007-10-23 18:45:31 · answer #3 · answered by faith b 3 · 0⤊ 0⤋
Don't be surprised if you get summons from other credit card companies.
One of the reasons these debt repair/consolidation companies don't work is that more and more credit cards just go ahead and sue.
If you're credit was bad before, it will be completely trashed when that repair company gets thru with it.
2007-10-23 20:27:51 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋
Follow the lawyer's advice. Its bound to be better than anything you'll get here.
2007-10-23 18:35:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Follow your lawyer's advise.
2007-10-23 18:31:07 · answer #6 · answered by mister 7 · 1⤊ 0⤋