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Old 09-11-2003, 04:11 PM
dialing$
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Question

Paying any amount?

What is the name of your state? Virginia

May a debtor avoid legal action if they pay a very small portion of the debt payment required on a legal retail installment contract? Say they only pay $10.00 a month when the regular payment is $75.00. Can a Creditor sue for default?

Thank You..
  #2  
Old 09-11-2003, 05:46 PM
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Join Date: Feb 2002
Location: Nashville,TN
Posts: 15,706
Yes, they can sue. A creditor is under no obligation to accept less than what you agreed to pay in the agreement.
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