Credit Card Judgement Against Me - Accruing Interest - What are my rights?
I have just received a notice from my local court that an old credit card account I have is suing me for payment. The account is currently with its' third collection agency. The second agency harassed me at work until I did my research and sent them a "cease and desist" letter. I have spoken to the collection agency the account is currently with to see if they are willing to "settle". They are not. He will only accept a minimum of $150.00 a month on the entire balance beginning early January. I told him I can only afford to pay $100.00 a month beginning late January. The creditor is not willing to bend, but this is all I can afford to pay them. I am in no way refusing payment at all. Also, this account is continuously accruing interest!! The collection agency said it will continue to accrue. How can this be?? Every time I talk to this guy, my balance has risen by at least $100.00 or more!! If they don't freeze the account, how will I ever get this paid off?? Can they do this? I'm really concerned and need to know what my rights are and what they are allowed to do. I have never had a judgement against me before (I did file bankruptcy in 2001 - I obtained the credit card I'm speaking of after my bankruptcy) and also need to know if I have any options, and what those options might be. Any help any one can give me would be GREATLY appreciated. THANK YOU!!