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Thanks again Judy. Can you possibly elaborate on the term judgment, just to make sure I fully understand it?

So you settle with the creditor lawyer, out of court, and you agree to make payments. What happens if you default on these payments? Does anybody have an idea?

Thank you Judy.. I think I need to rephrase myself. It was not a court settlement, it was out of court agreement.

So here is question for you guys. The credit card company get a judgement, and then you fail to make the payments, what happens next.

No reduction in the balance. Like you said once they go to court they are in no mood to negotiate.

The only break I got was lowering the interest rate to a fixed 8% down from 30. The lawyer fee was waved, but still had to pay the court fee.

Yw

So do you thing the consumer responsibility thing is not a BS.
Does anybody thinks I could have done better? This might be not my last battle.

So I went to court today. The judge tells you to talk to a the plaintiff lawyer. I tried playing the original contract song and the charges with my signature on it. It did not go far. He was like:...

I came across what might helpful. It needs some lay man explanation tough, like the part about "produce a note" and wrong credit reporting. I received a notice to appear for a pretrial conference,...

I have a question to all. When you guys refer to the "contract" are we talking the original credit card application? If yes how does this relate to subsequent charge made when the card was used?...