I owe a credit card company. The account has been written off through the company. I was paying through a collection agency and the interest is growing fast. Now they are filing a judgement against me for twice the amount of the original debt. How do I get the interest off and pay only what I owe when it was written off. I cannot afford to pay the large amount they say I owe. I do plan to pay them when I can and as I can.

What is the statue of limitations on it

What does it mean when the account has been written off

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Originally Posted by kayceep98

I owe a credit card company. The account has been written off through the company. I was paying through a collection agency and the interest is growing fast. Now they are filing a judgement against me for twice the amount of the original debt. How do I get the interest off and pay only what I owe when it was written off. I cannot afford to pay the large amount they say I owe. I do plan to pay them when I can and as I can.

what is the statue of limitations on it

what does it mean when the account has been written off

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Are they filing the judgment because you are behind in paying what you have agreed to pay? If you have been making regular payments to the collection company and they are filing anyway, make sure you attend the court case and tell your side of the story. If you have not been paying, then do what you can to pay. If the judgment is found against you and you do not either pay in full or make and agreement to pay a certain amount regularly, then they can and probably will freeze any bank accounts you have until you pay (and then the bank will charge you a fee (with my bank, the amount is $200.00). The best advice that I can give you is to go to a non profit credit counseling service and let them help you. They will try to work with the collection agency that is coming after you as well as help you get a handle on your complete financial picture.