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?
2 Answers from Attorneys
Courts decide whether you owe the debt, not payment plans.
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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