My question involves collection proceedings in the State of: Texas
I did a lot of research when I was served with the court papers. I responded with Affirmative Defenses as suggested by online research and forums. They came back with a "First set of discovery requests". So I imagine they are going to see this thing through. The debt is more than a year from being out of time (forget what that is called- sorry).
My concern is that if this goes to the point of wage garnishment I will lose my job.
I was unemployed or underemployed for over 3 years. I used all of my savings, 401k, sold everything of value to me and overextended my credit cards to get through the hard times. But I was able to keep my house.
In May I finally got a decent job.
By Jan I will have caught up on my mortgage and planned to start paying off the rest of my debts. This was the arrangement I discussed with my credit card company all along (btw the credit card is the same company as the mortgage company but they don't appear to be aware of each other). They sold off the debt anyhow.
The debt collector would not discuss any settlement that didn't start payment immediately. They were rude and dismissive.
Now that I am able to pay- say $100 a month, should I make that offer? Will they make this arrangement and drop the suit completely? or is it too late?
At this point I'd prefer not to go through the court proceedings. I have always intended to pay off all of my debts. Should I be more forceful with them to accept my circumstances and accept a small payment settlement (which is all I can afford right now).