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74transporter
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What is the name of your state? Kentucky
I was served a civil summons on 5/10/04 for a debt. Asset Acceptance LLC is bringing suit for "$648.09 together with interest thereon at the annual rate of 8% from May 29 2003, until the date of Judgement, then at 12% per annum on the judgement until satisfied...costs expended herein...and and all other relief to which the Plaintiff may appear entiltled."
It was a credit card -DOLA (last payment) is 11/95 ..."$253.39 representing the principal and $394.70 representing accrued interest to date."
I must file a Statement of Defense to my local clerk's office within 20 days of the summons, which I will do. The wording of this doc is in question.
A lawyer advised that Asset Acceptance buys old debts for pennies on the dollar and that an offer to settle with a payment of $350-$500 might be accepted.
My question(s): Should I informally contact the lawyer that filed the complaint and make the settlement offer, or should I include the settlement offer in the Statement of Defense?
I wish to prevent the next steps of litigation - there is no need for discovery or trial. I do have a tax return coming and could pay the $350-$500 in full, but wage garnishment would probably result in loss of employment or housing and must be prevented.
I'm wondering how I can not dispute the debt (it is legit) but get out of paying "$648.09 together with interest thereon...." .
Do you think they'd settle?
Thanks for any and all help.
I was served a civil summons on 5/10/04 for a debt. Asset Acceptance LLC is bringing suit for "$648.09 together with interest thereon at the annual rate of 8% from May 29 2003, until the date of Judgement, then at 12% per annum on the judgement until satisfied...costs expended herein...and and all other relief to which the Plaintiff may appear entiltled."
It was a credit card -DOLA (last payment) is 11/95 ..."$253.39 representing the principal and $394.70 representing accrued interest to date."
I must file a Statement of Defense to my local clerk's office within 20 days of the summons, which I will do. The wording of this doc is in question.
A lawyer advised that Asset Acceptance buys old debts for pennies on the dollar and that an offer to settle with a payment of $350-$500 might be accepted.
My question(s): Should I informally contact the lawyer that filed the complaint and make the settlement offer, or should I include the settlement offer in the Statement of Defense?
I wish to prevent the next steps of litigation - there is no need for discovery or trial. I do have a tax return coming and could pay the $350-$500 in full, but wage garnishment would probably result in loss of employment or housing and must be prevented.
I'm wondering how I can not dispute the debt (it is legit) but get out of paying "$648.09 together with interest thereon...." .
Do you think they'd settle?
Thanks for any and all help.
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