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go to court?
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Posted by msmess
(66.65.61.211) on August 06, 2004 at 12:25:22:
I have a court date end of month with Midland credit/ Chase bank, being sued for $8000 c/c debt.
They sent me a letter to settle outside of court- $100 per mth after 12 mths raised to $264 per mth for 24 mths. I can't forsee 12 mths time and that is a huge increase. They said if i agree but can't make payments in 12 mths they will get a default against me.
I said i would think about it. It just seems like alot of money in a short amount of time.
Should i just go to court? will the judge be fairer on me or should i take their offer? I know someone who pays $250 mth for $25,000 debt. So mine seems excessive.
Thanks.
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