Re: Sorry One More Settlement Question

Posted by observer (152.163.206.186) on July 18, 2002 at 09:18:31:

In Reply to: Sorry One More Settlement Question posted by Cassidy on July 18, 2002 at 08:17:51:

The reason those payments are hiigher than the normal cc minimum is you represent additional risk to the cc company. They are trying to recover as much a possible in the event you default a second time.

As to a lawsuit. Who knows? You don't have to have assets to be sued. You can be sued and not pay and then you have a judgment hanging out there accruing interest and it's right there to snaggle anything you may eventually acquire. Also, they can place a lein on your house or, if you get a job and, state law allows it, they can garnish your wages.

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