What is the name of your state?What is the name of your state? Texas
In 2002 My husband lost his job and we did not have the money to continue to pay on my credit cards. The cards were in my name and the credit companies would not honor the credit protection that I purchased. The account continued to increase due to late payment charges. In 2004 the loan was sold to one collection company after another and ended up with a lawfirm who after one request for payment in full sent me a letter stating that they intended to sue. I called them immediately and asked about a re-payment program - they wanted a huge down payment or an unbelievable payment every month. I live paycheck to paycheck and do not have the kind of money they spoke about. I sent them $50 and promised to pay $50 every two weeks, however a couple of days later I received notice from them stating that they received my payment, but it would not be a satisfactory arrangement and I would need to contact their office to make adequate arrangements. I then received a statement from the lawfirm showing the original balance, my payment and finance charges of over $85, so my balance after the payment was more than the balance for this company had been for the last 4 years. This morning I was served lawsuit papers and now I am not sure what to do. Please help me - I am currently pregnant with my second child and am considered a high risk pregnancy and I am concerned about this stress - what should I do?
In 2002 My husband lost his job and we did not have the money to continue to pay on my credit cards. The cards were in my name and the credit companies would not honor the credit protection that I purchased. The account continued to increase due to late payment charges. In 2004 the loan was sold to one collection company after another and ended up with a lawfirm who after one request for payment in full sent me a letter stating that they intended to sue. I called them immediately and asked about a re-payment program - they wanted a huge down payment or an unbelievable payment every month. I live paycheck to paycheck and do not have the kind of money they spoke about. I sent them $50 and promised to pay $50 every two weeks, however a couple of days later I received notice from them stating that they received my payment, but it would not be a satisfactory arrangement and I would need to contact their office to make adequate arrangements. I then received a statement from the lawfirm showing the original balance, my payment and finance charges of over $85, so my balance after the payment was more than the balance for this company had been for the last 4 years. This morning I was served lawsuit papers and now I am not sure what to do. Please help me - I am currently pregnant with my second child and am considered a high risk pregnancy and I am concerned about this stress - what should I do?