Legal Question in Credit and Debt Law in Indiana

I defaulted on a credit card and the collection agency is trying to get a summary judgment against me for $788 plus accruing interest from 2/27/2011. This debt was written off from original lender for $300 on 4/01/11. I read an article where debt collectors were getting in trouble for tacking on fees. Here is the link to the article http://www.foxbusiness.com/personal-finance/2013/10/16/how-much-can-collectors-legally-boost-charged-off-debts/. Just wondering if I could get this debt reduced.


Asked on 4/20/14, 10:00 pm

1 Answer from Attorneys

Kenneth Wilk Rubino Ruman Crosmer & Polen

The credit card company and collection agency can add interest, court costs, collection fees, assuming that they're reasonable and provided for by contract. Your best bet is to call them and try to negotiate a reduced lump sum settlement. Collection agencies are often willing to take a lump sum and give you a break.

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Answered on 4/21/14, 12:38 pm


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