Re: Being Tricked by Cwazy Collection Attorney

Posted by Elmer Fudd (192.138.150.250) on December 11, 2003 at 19:15:44:

In Reply to: Re: Being Tricked by Cwazy Collection Attorney posted by Why Chat on December 11, 2003 at 18:55:54:

Thanks WhyChat.

The debt is around $11,000. Does that all by itself mean they'll sue? It's a lot of money, but I've got a horrible CR, lots of charge offs and a tax lien. I'm sure a CA would have to balance waiting it out vs. sueing someone, since taking someone to court could easily trigger a bankruptcy declare, in which case they would get none or very little money.

I live in CA. I last made a (partial) payment back in April 2003. Card charged off in July 2003. Last made a full, minimum payment in Nov 2002. Not sure which counts as far as the SOL is, but I'm still at least have another 3 years to go in CA.

Would a settlement offer by likely to work? I could only pay 10-20% in the near future.

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