Re: Answered the summons! Now what?
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Why Chat (12.78.13.164) on May 13, 2004 at 18:20:56:
In Reply to: Re: Answered the summons! Now what? posted by Kim on May 13, 2004 at 16:48:01:
You say you last paid Cap1 2 years ago?? Were you up to date on your account at that time? What is the date of charge-off showing on your credit report? You can try for a mediated settlement at the hearing, this means the mediator helps you figure out what you can afford and you sign an agreement to pay, if you don't pay, then a judgment is entered. You should appear and make sure the CA lawyer has proof of your debt, including how they arrive at the balance due. If the $$ amount they are claiming is substantially higher than what your credit limit was, you should request a complete accounting of interest and other fees. If you live in a trailer, IT IS YOUR HOMESTEAD!! The exemption is $3,500 net equity figured at a wholesale value.
Follow Ups:
Post a Followup
|
