Results 1 to 2 of 2

Hybrid View

  1. #1
    Join Date
    Jun 2008
    Posts
    1

    Default Court Summons for Credit Card Debt

    My question involves collection proceedings in the State of: Virginia

    I have been going through a debt settlement company for 9 months. I've paid the monthly fee and in turn they were supposed to work with my creditors to either arrange payment plans or settle with lowered interest rates. They have yet to contact any of my creditors unless I showed court papers.

    I recently received a summons for Capital One. The debt settlement company says I'll have to go to court and explain why I wasn't able to pay (they told me not to pay because of their program - before that I had been paying the monthly but was over the limit due to fees) and the court could possibly garnish wages or put a freeze on my bank account until the debt is paid.

    Feeling left out to dry, I called Capital One and they offered to either accept payments of $600 a month or the full balance minus interest (5100$) in two days or I'd have to go to court and they'd request judgement.

    My question is this - do I stand a chance going to court in getting the courts to allow a reasonable payment plan, or should I look forward to being even more financially screwed and not being able to pay my other bills (rent, car, etc) with a frozen bank account if I show the contract that shows I've been trying to do something to work on this for the past 9 months?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Court Summons for Credit Card Debt

    You can try to negotiate a settlement with the creditor, or you can see what happens in court then try to get put on a payment plan. I would take the first approach, as it's likely to result in a smaller payment. Or consider bankruptcy.

    Your "debt settlement company" sounds incompetent and/or unethical. Consider complaining about them to your state attorney general's office.

    1. Sponsored Links
       

Similar Threads

  1. Debt Collectors: Do I Need a Lawyer for Court Summons of Credit Card Debt
    By ranedaze in forum Debts and Collections
    Replies: 6
    Last Post: 02-06-2010, 04:03 PM
  2. Debt Collectors: I Received a Summons for Court Today for Credit Card Debt.in
    By Ashley667 in forum Debts and Collections
    Replies: 1
    Last Post: 01-13-2010, 04:46 PM
  3. Debt Collectors: Summons to Court for Credit Card Debt
    By jd2co in forum Debts and Collections
    Replies: 5
    Last Post: 06-25-2009, 04:53 AM
  4. Debt Collectors: Court Summons for Credit Card Debt in Illinois
    By Spring in forum Debts and Collections
    Replies: 1
    Last Post: 05-03-2009, 09:29 PM
  5. Debt Collectors: Illinois Credit Card Debt Court Summons - What Next
    By IL_rsdnt in forum Debts and Collections
    Replies: 4
    Last Post: 08-04-2008, 01:37 PM
 
 
Sponsored Links

Legal Help, Information and Resources