New York | Credit and Debt Law
Legal Question
What is the worst case scenario?
Hello. I received a summons dated 12/03. I never responded to it bec i im afraid, and i havent been well. Its from a law firm, regarding an old cc debt of around $2000. They have been very threatening to me. Recently threatening a judgement, even though i was making monthly payments of $88.
I have made no payment this month, bec I have learned from them, that a process server was hired and a lawsuit started. (Also i have never officially received any document yet from the process server).
Im really scared. What is the worst thing that can happen here? I think worse case, that a judgement will be entered. But what happens to me then? Is that a terrible thing?
In a moment of weakness, i wrote a letter asking them if they would settle the account for an amount. They are willing to settle for $1300 by 2/27. I am thinking of borrowing the funds to pay them, but part of me thinks that is insane.
Any advice i really appreciate. Many thanks to you.
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