Ok so I have never needed to ask a question on here but I think I'm in trouble now. I took out a payday installment loan ( in Illinois) for $1,500 last year. I only made 2 payments and then it went to collections. I got a letter in the mail 1 week ago stating that they are suing me. I have to go to court on July 19th and the total with attorney fees is about $2,500. I have contacted them and they are willing to set up a payment plan without this going to court. 6 payments of $414, with at least 2 of those payments before July 19th. They are not willing to give me anything in writing and they are not willing to spread the payments out more months. My question is, if I go to court, I know that I will loose, but do they always go for a wage garnishment or can I ask the judge for a payment plan that's more reasonable? Can I revoke a wage assignment before we even go to court? I really don't know what to do.
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