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    tslone88's Avatar
    tslone88 Posts: 4, Reputation: 1
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    #1

    Jan 13, 2008, 04:22 PM
    Civil summons over credit card debt
    We were served a civil summons last night over 7685.00 credit card debt we are not denying the debt what I need to know is can we settle this debt out of court and what is a fair amount to offer and will the lawyer set up payments for us.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Jan 13, 2008, 05:02 PM
    A lot depends on whether the debt has been sold and how many times. If it has been they might accept 50-75% as a lump sum.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Jan 14, 2008, 07:10 AM
    I can't say whether you would or wouldn't. You DO need to answer the summons with your Intent to Defend. You then send a copy of that to the plaintiff with a request for verification of the debt. In the cover letter you indicate that if the debt is verified you would be willing to discuss a settlement.
    Justice Matters's Avatar
    Justice Matters Posts: 210, Reputation: 27
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    #4

    Jan 14, 2008, 09:07 AM
    ScottGem is right. While settlement is always theoretically possible it is ultimately up to the parties to make it happen.

    Almost all creditors are willing settle provided a debtor offers terms that the creditor deems acceptable.

    A good settlement will be better than having a judgement entered against you.
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