I have tuition debt with my university. After being contacted by a few collections agencies for a few years, I finally received a letter from an attorney representing my school. So, I mailed a letter explaining my financial hardship and plan to make monthly payment of a few hundred dollers because I did not want to be sued.
Now, after I sent an initial payment, the attorney sent me copies of the Stipulation of Settlement for me to sign and return to the attorney.
What does this mean? The reason why I decided to make a monthly payment is because I do not want to be filed with the court. So, can I refuse to sign the Stipulation??
I cannot afford to find an attorney to take care of this situation, so any information is very appreciated!
2007-10-27 09:25:38 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
sounds like its just a repayment agreement. make sure there's no language in the agreement that states you waive your rights to dispute or right to trial. you said you have not been sued so its not a consent judgment entry or a dual entry for judgment. again make sure theres no waiver of rights language. if there's not its just a payment plan in wruiting.
feel free to email me if you have any questions or would like me to view it.
2007-10-27 11:31:29 · answer #1 · answered by wareagle30 2 · 0⤊ 0⤋
It would be in your best interest to have a written agreement of the repayment plan. Otherwise, after you make a few payments, the collector could just sue you anyway or pass you to yet another collector.
Have you read thru this stipulation of settlement? Is it a payment plan?
2007-10-27 18:12:54 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋