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    cchelpme's Avatar
    cchelpme Posts: 2, Reputation: 1
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    #1

    Mar 22, 2008, 12:38 AM
    Credit crisis/ being sued
    I have had financial trouble over the last 2 years. I'm just now starting to be able to pay all of my min. payments on my credit cards however most are in collections and one is at a law firm. This is the one I'm concerned about. They tell me that I need to pay the full amount or I will be sued and this needs to happen now! The amount I owe is about 8,000. This is more than I have and more than I can bare to ask my parents for. What do I do? They will not accept any kind of payment plan. Either pay all of get sued which I know will add about 5 grand onto the amount I already owe. Please help any suggestions are welcome!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 22, 2008, 04:28 AM
    Will they, have you asked ? Have you looked into a credit counseling service
    cchelpme's Avatar
    cchelpme Posts: 2, Reputation: 1
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    #3

    Mar 22, 2008, 10:17 AM
    If your question was in reply of if they will sue me the answer is yes. I am looking into a counceling service. I hope to talk to a councelor today. However, I'm afraid they can't help me with this situation but rather just get my other credit cards on track. Any suggestions of what I can do to prevent being sued?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #4

    Mar 22, 2008, 11:06 AM
    Hello cc:

    Yeah, they tell you have to pay the full amount. But, talk's cheap. I'll bet if you had $2-4K in your hand that you were about to send them, I'll bet they'll listen to your offer.

    excon
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