gemini4776
Junior Member
What is the name of your state (only U.S. law)? CA
I'm being sued by a debt collector who purchased my account from Direct Merchants Bank for a credit card from 2004 for approx 2100.00. I tried repeatedly to settle for a lesser amount after being continuously harrassed by the collector who would not budge. Now the fees, interest and principle total over 5k and the lowest they are willing to go is 5k w/monthly payments of 500 per month, which I cannot afford.. I go to court next Wed. 11/19. I have acknowledged the debt; however am not sure that the amount is exact; in addition, i believe the interest rate and fees are excessive and did request a copy of the original contract. They only sent me bills from 5/04 to 9/04 and said they could not locate the original contract. When I inquired about it, I was told that they did not need it. I'm really concerned that my wages may be garnished. Help!
I'm being sued by a debt collector who purchased my account from Direct Merchants Bank for a credit card from 2004 for approx 2100.00. I tried repeatedly to settle for a lesser amount after being continuously harrassed by the collector who would not budge. Now the fees, interest and principle total over 5k and the lowest they are willing to go is 5k w/monthly payments of 500 per month, which I cannot afford.. I go to court next Wed. 11/19. I have acknowledged the debt; however am not sure that the amount is exact; in addition, i believe the interest rate and fees are excessive and did request a copy of the original contract. They only sent me bills from 5/04 to 9/04 and said they could not locate the original contract. When I inquired about it, I was told that they did not need it. I'm really concerned that my wages may be garnished. Help!