Ask Experts Questions for FREE Help !
Ask
    ehep2007's Avatar
    ehep2007 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 12, 2010, 09:31 PM
    Being sued for old credit card debuts, what are my options?
    When I was younger I had a credit card that I ran up about $1,000 worth of debt, and than money got tight and I defaulted on payments and the account got turned over to a collections agency. I have always had the intention to pay back the debt after I finish my degree and I was more financially secure. Well today I got served with a notice stateing that the collections agency is sueing me for the amount on the credit card plus attorney fee's. I am a college student... I don't have a whole lot of money. What are my options? Can I call the collections agency and set up a payment plan? Or do I have to go to court and most likely have my wages garnished? What are my other options? Thanks!
    bendingleconte's Avatar
    bendingleconte Posts: 112, Reputation: 9
    Junior Member
    		  
    #2

    Aug 24, 2010, 12:37 PM

    Most likely the attorney will allow you to make payments or settle for a fraction of the cost. People don't realize that when a collection agency turns to an atty, it is like they are sending it into collections.

    DO NOT IGNORE the atty papers. Call them and discuss the options to settle with them.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Served a summons/being sued for credit card debt/first time being sued [ 2 Answers ]

I have been served a summons by first class mail of a lawsuit against me by an asset collection agency on behalf of a credit card company. The asset company has purchased the debt,in an amount just over $1000. My question is how do I proceed as I have never been sued before. I currently am...

Being sued for credit card debt by law firm representing credit card company [ 7 Answers ]

Well, its happened. I have received a summons for a credit card debt by law firm. I have to go to the county court house to talk with the clerk... (not sure what will happen,never been sued before)If I don't go within 20 days, they say they will start proceedings to garnishing my wages. I do owe...

Credit card sued me [ 1 Answers ]

A credit card sued me for not paying 6.5 K and 3K fees. I'm a partime worker. I asked them to pay about 1500$ from the bigining then, I will pay 150$ month. They didn't naccept it. Note that the credit is almost 6 years old. Please advise. Thank you in advance,

I'm getting sued for old credit card [ 2 Answers ]

I'm getting sued for old charged off credit card what do I do

View more questions Search