S
Simplesmile
Guest
North Carolina
My husband and I are being taken to Small Claims court by a loan company. We have signed up with a debt consolodation company, and we included this debt on the program. We then recieved, notice that we were being taken to court for this debt. I contacted the company, and they are willing to settle if we pay the last 3 payments, and court costs. They will then work with our program. We cannot afford that amount to be able to settle.
My questions...
If we present the information about the program. Would it be a possibility for the judge to aknowledge this, instead of an immediate repayment?
Would it be possible to work out a repayment schedual for the company, to pay the last 3 payments, and court cost...while they would also work with the program?
If this is rejected, what kind of consequences would we be facing to repay this loan?
Any information would be greatly appreciated. Thank You
My husband and I are being taken to Small Claims court by a loan company. We have signed up with a debt consolodation company, and we included this debt on the program. We then recieved, notice that we were being taken to court for this debt. I contacted the company, and they are willing to settle if we pay the last 3 payments, and court costs. They will then work with our program. We cannot afford that amount to be able to settle.
My questions...
If we present the information about the program. Would it be a possibility for the judge to aknowledge this, instead of an immediate repayment?
Would it be possible to work out a repayment schedual for the company, to pay the last 3 payments, and court cost...while they would also work with the program?
If this is rejected, what kind of consequences would we be facing to repay this loan?
Any information would be greatly appreciated. Thank You