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Thu 30 Nov, 2006 07:54 am
Ok been served papers on a old account approx $3,000
Trying to work out a payment plan with them but i am getting charged attorney fees late fees full balance and 9% interest above that which brings it double almost triple the original amount
Trying to negotiate a payment plan with no luck so far atleast they can knock the interest rate down i would assume. (9% plus all the extra fees) ..
They crazy
Need some advice what to do and what would be the worst case scenario if it went to court in a month>?
Thanks
Worst case? Add court costs and additional collection fees. Best news it they can't garnish over 25% of your after tax income. 9% from a credit card company doesn't sound bad when you get right down to it.
There are agencies that work as intermediary in these situations. Your better business bureau can probably connect you with one. If they negotiate an agreement, you will really have to stick with it.
I wo
Well after much persistance i got it down to 6% and take off original interest but pay court and attorney fees
much better
The key to this seemed to be persistance and willing to pay but not there first couple of offers
Kev
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