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College Student Needs Serious Help!!! PLEASE!!!


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Posted by Tracey (172.128.239.102) on September 05, 2003 at 16:18:36:

Hi,

I am in a serious situation. I am a full time college student that works part time and only makes enough to pay my bills. I have a Capitol One credit card that i owe 1200.00.

I recently tried to do some debt management program but I got a letter in the mail from a lawyer informing me that they are going to sue me for the amount owed if I cannot pay them.

I called the lawyer office and was told that I could make a settlement of 600.00. I told them that I would try to get the money they gave me 1 week and told me that they would charge my account on the specific date. I tried everything I could to get the money and was only able to come up with 100.00 which they did take from my account. I finally decide to call them today and told them that it was no way I could get the money and they told me that I either have to pay 70% which is like 765.00 or i need a lawyer because they will take me to court.

I just don't know what to do. I am an international student and I don't want to go to court. but I don't have the money. If I accept to pay that $765, I will have to pay it in 2 installments and I don't even make that amount in a month.

If there is any type of information that someone can give me. Any advice etc. I will be happy.

I am scared and don't know what the heck to do.

Thanks


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