I have a received a summons for a judgement that has been filled for a credit card balance that I thought was charged off. I have been unemployed for 2 years and can't afford to pay. What can I ask for in answer to this request for judgement in regards to payment plans?
What are my options?
Answer
Courts decide whether you owe the debt, not payment plans.
Answer
Charged off does NOT mean you don't owe a debt. It is a derrogatory entry on a credit report that essentially says the creditor considers you a deadbeat who is unwilling to pay. Generally, charged off debts get sold to collectors and you get sued. Once you get sued, you need a lawyer as in yesterday. Do NOT answer the case yourself! You may waive or lose defenses if you have any, and will lose the case. You CANNOT request a payment plan from a court.
See a lawyer to determine if you need to go bankrupt, or if you have a proper defense. After 30 days you have waited too long to see the lawyer.
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