Results 1 to 5 of 5

Hybrid View

  1. #1
    Join Date
    Dec 2005
    Posts
    3

    Default Help with credit card debt

    I recieved a summons to appear in magistrates court for a $550.00 collections bill that's about 3 years old I am a college student with no job so I am unable to pay this. Is there jail time associated with this type of lawsuit? Also what are my options if any?

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

    Default Bad Debt Lawsuit

    If you are sued over nonpayment of a debt, there's no jail time involved. It's a civil suit.

    Answer the lawsuit and appear in court as required by the notice. Ask the court if you can pay in equal monthly installments.

  3. #3
    Join Date
    Dec 2005
    Posts
    3

    Default Thanks

    Thanks for the reply. Also I have another question someone told me that if I can't pay this debt that the collection agency can make a request to get my property such as my car that I own is this a true statement? I plan to pay this when I can but I don't have the money right now and a small monthly payment would be more attainable, anyway please let me know about the property situation. Thanks again

  4. #4
    Join Date
    Dec 2005
    Posts
    3

    Default

    I have to appear in court for a civil suit regarding a collection on an old credit card debt at least 3-4 years old. The amount of this debt is $550.00, I am a student and not employed at the moment what are my options? I was told that the collection agency can go after my personal property such as my car which is paid for is this correct?

  5. #5
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Collections

    They will typically seek to collect the debt against any assets which are not exempt from their collection efforts under the laws of your state.

    1. Sponsored Links
       

Similar Threads

  1. Credit / Debit Card Fraud: Mom Has Credit Card Debt in Son's Name, Found on His Credit Report
    By carmstr4 in forum Criminal Charges
    Replies: 1
    Last Post: 04-17-2011, 03:43 PM
  2. Credit Reports: Clearing Credit Card Debt from Credit Report
    By Frdtrtnfx4 in forum Personal Finance And Investment Law
    Replies: 2
    Last Post: 01-20-2011, 12:19 PM
  3. Banking: Credit Union Threatening Car Repossession Due to Credit Card Debt
    By americanwoman1 in forum Personal Finance And Investment Law
    Replies: 2
    Last Post: 12-13-2009, 08:31 PM
  4. Credit Reports: Ten-Year-Old Credit Card Debt Still Appearing On Credit Report
    By amandalynn79 in forum Personal Finance And Investment Law
    Replies: 5
    Last Post: 04-04-2007, 11:25 AM
  5. Debt Collectors: Being Sued for a credit card debt not on my Credit report
    By Miguel863 in forum Debts and Collections
    Replies: 7
    Last Post: 09-26-2005, 07:46 PM
 
 
Sponsored Links

Legal Help, Information and Resources