Legal Question in Credit and Debt Law in California

jugdment

got a jugdment aganist me from an old credit card debt for 2600. should I try to set up a payment plan with the attorneys or negotiate a settlement?I rent and don,t make that much money so should I claim exemption


Asked on 10/01/06, 8:03 pm

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: jugdment

Depends on how old!!! If over four years old, don't "negotiate," you could possibly be inadvertently agreeing to waive or reset the statute of limitations on a debt that they are legally barred from collecting.

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Answered on 10/01/06, 8:19 pm
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: jugdment

Oops, I didn't see the word, Judgment. In that case -- assuming there are no grounds for setting aside the judgment -- you are stuck and you should settle for the best deal ou can get.

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Answered on 10/01/06, 8:20 pm


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