Hello! Last week I recieved a letter from an attorney of the credit card company I was with a couple years ago when I was 20, I had originally applied for a card to build my credit well that backfired. Im being sued for $1167.00. I was told I could call them ask for a lower settlement. I have never had the money to pay it. Even though in the beginning it was a small amount I was out of a job at the time for health situations and had no money then either. The money just started adding up. Now Im working again... problem is I have rent and bills to pay and get maybe $150 after my bills are paid to live off of. I had planned before the new year that Id call and offer a settlement once I recieved my income tax but they got to me first. Should have called but thought they would want the money immediately. Anyway .... I need some advice. I cant afford a lawyer... I'd rather settle this outside of court. I cant afford to get out of work... How can I go about doing this?
Do they really accept settlements? I was told I could ask for a settlement of $400... Is that too low?
Could you please give me advice on what I can do?
Should I let them know I can pay with my income tax? Is it too late for a settlement? I heard they would rather settle out of court??
Thank you all for your advice.
Also I have no idea how to fill out this answer thing? What do I say... Its given me options but none apply to me.
Any kind of advice will be greatly appreciated