Originally Posted by
Judd80
Yesterday I was served via USPS for a debt with Susquehanna Bank here in Pennsylvania. The debt is for an auto loan which I defaulted on. A few months after the default (repo), they contacted me to make payment arrangements based off the $12,XXX which was left over from what they got at an auction for the car. I agreed to make payments of $100 per month. Unfortunately I was only able to do so for a few months (3-4) as I lost my job and went to work for another employer making less money.
What should I do? The court date is scheduled for the end of August. Can I still call the originally creditor and see if they will settle for .30 on the dollar? I don't think Susquehanna sold the debt because on the summons it shows them versus me. Granted we don't have that money, but if they would agree, we could just get a small loan to cover it. I really want to avoid having my wages garnished. I am a National Guard member and will be deploying at the end of September. A garnishment "could" put a hardship on my Family while I am away.
The creditor is asking for $11,837.97 + court fees from what I see.
Fees are $158.50 for filing costs and $11.00 for postage.
If I could still offer an amount to settle the debt I'd like to. Perhaps $5,000.00? I only have this one gig on my credit and my Wife has perfect credit, so I am sure we could get a small loan if need be. They really don't HAVE to settle for less than everything. But the closer you get the more likey they might be to take it. Because they can easily have your wages garnished as well as garnish any money you have in a bank.
Please give me any and all advice that you can.
I appreciate it!!
