CreditCursed
New Member
Hey all,
I hate to start a similar thread to one that is already in existence but my circumstances are somewhat different and I also don't want to hog his/her help.
I live in Florida.
I believe it was 2 years ago that I was sued for credit card debt. I was stupid and never even went to court. Last January, my bank account was garnished and $900 was removed. At the time of judgement I had owed $1900. Like a fool I stopped using that bank account and ignored it. I was bringing in 1100 a month and my expenses were 1400 a month. There was no way I could afford to pay anyone at that time. The car I had recently paid off was transferred into my mother's name.
In November I lost my job. I'm now receiving unemployment benefits. Last Monday I went to a hearing where I was to give a deposition regarding all incomes, all assets, income tax filings, wage records, etc.
At this point I knew I had to start paying them off, the debt I am told is now back to $2100, that's 9% interest and lots of other fees I guess.
I had planned to call them Monday and offer them $200 as an initial payment (I sold some junk and was able to bring in a few extra dollars).
This past Friday I received a subpoena stating that I have a hearing this Friday the 8th regarding my car. It was believed that I transferred the title to avoid it being taken for debt collection.
I am hoping I can still call them in the morning and work something out. Is it a big inconvenience for them to have to seize my car and sell it?
Is there a way I can petition to delay the hearing? Maybe if I can get another 30 days I can pay the creditor and they will be willing to back off?
Any ideas? I do not have $2100 and I don't think there is a way for me to get that before Friday.
Another crazy question: I know many creditors are willing to settle for pennies on the dollar. Even though they have me good right now, is there a chance they might be willing to take a $500-1,000 payment and call it even?
Thank you!
I hate to start a similar thread to one that is already in existence but my circumstances are somewhat different and I also don't want to hog his/her help.
I live in Florida.
I believe it was 2 years ago that I was sued for credit card debt. I was stupid and never even went to court. Last January, my bank account was garnished and $900 was removed. At the time of judgement I had owed $1900. Like a fool I stopped using that bank account and ignored it. I was bringing in 1100 a month and my expenses were 1400 a month. There was no way I could afford to pay anyone at that time. The car I had recently paid off was transferred into my mother's name.
In November I lost my job. I'm now receiving unemployment benefits. Last Monday I went to a hearing where I was to give a deposition regarding all incomes, all assets, income tax filings, wage records, etc.
At this point I knew I had to start paying them off, the debt I am told is now back to $2100, that's 9% interest and lots of other fees I guess.
I had planned to call them Monday and offer them $200 as an initial payment (I sold some junk and was able to bring in a few extra dollars).
This past Friday I received a subpoena stating that I have a hearing this Friday the 8th regarding my car. It was believed that I transferred the title to avoid it being taken for debt collection.
I am hoping I can still call them in the morning and work something out. Is it a big inconvenience for them to have to seize my car and sell it?
Is there a way I can petition to delay the hearing? Maybe if I can get another 30 days I can pay the creditor and they will be willing to back off?
Any ideas? I do not have $2100 and I don't think there is a way for me to get that before Friday.
Another crazy question: I know many creditors are willing to settle for pennies on the dollar. Even though they have me good right now, is there a chance they might be willing to take a $500-1,000 payment and call it even?
Thank you!
