Can collections agencies file a judgment against you even if you offer to pay?
Question Details: I have been paying a certain amount on a credit card debt for the last six months (pre-authorized for 6 months). When the company called back to continue payments, I told them I am no longer afford it and needed to reduce my payment. They refused and said they would send me to an attorney. Is there anything I can do before filing for bankruptcy?
Bankruptcy Law Answers
The credit card company is holding most of the cards here unfortunately. The have the right to sue you for the nonpayment of fees owed, plus they get interest and attorney's fees if the contract permits it - which I am sure it does. What you can do is offer to pay a compormised amount of money to close the account. This will afect your credit however. You will lose in court, so the idea is to either see if you can qualify for some type of hardship program that the company has or work out a settlement of the claim now. If you get sued, you should hire a lawyer to negotiate a deal for you.
Related Bankruptcy Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen207 Answers|Points 10350Gold Contributor
- Joseph Gasparrini46 Answers|Points 2200Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Glenn M. Lyon, Esq.27 Answers|Points 1330Bronze Contributor
- Hong Shen207 Answers|Points 10350Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
 |