My question involves judgment recovery in the State of: Minnesota
Before Christmas I received a summons from a Lawyer working for Capital One for a credit card bill from 2002. The summons was from ND and stated that I had to contact them within 10 days or Judgment would be filed. I called them the next day and tried set up a payment plan, they wanted way more a month then I could afford because Iím unemployed and I told them that. I did make them monthly payments, not as much as they wanted, but I was trying. Last month I didnít make a payment because I just didnít have any money to send them. Today I received a letter from the court saying that I didnít contact the party when I was suppose to so they granted a Judgment to Capital One for $2400.43.
Iím unemployed and my husband is a independent contractor. We have a joint bank account and I also have a joint bank account with my mom whoís only income is Social Security. I donít own any property and the only cars in my name donít run so Iím basically worth nothing.
I guess my questions are how likely do you think it is that Capital One will try to garnish these bank accounts? Would they go to this extent for $2400? Also how fast do you think they would do it? Do you think they would start garnishment if I send them monthly payments? Iím not even sure where to send the payments all it says on the letter is Capital One.
Thank You for your time.