Legal Question in Credit and Debt Law in New York

I made a deal with a debt collector years ago on a $7k balance I owed for a surgery since I didnt have medical insurance. I have been paying for 7 years already at 100/month. which essentially paid off the original balance. I called to find out when i will have satisfied to loan and was informed i have 7 more years left...>>??? Isnt that essentially 50% interest? My question is can I stop making payments or can they put a freeze on my bank account? I offered to pay 2k upfront to get rid of it and they refused. what are my options?


Asked on 1/30/12, 3:44 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Do they have a court judgment against you? Was your deal reduced to writing?

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Answered on 1/30/12, 5:15 pm


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