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Debt Question in VA

Date: Wed, 11/08/2006 - 12:49

Submitted by anonymous
on Wed, 11/08/2006 - 12:49

Posts: 202330 Credits: [Donate]

Total Replies: 2


I have received a debt warrant from Target. I'm to appear in court on the 30th of November. It is not that I do not want to pay the debt. As soon as I realized that I was not able to pay the debt I signed up with a settlement group. As soon as I was about to complete the last payment of one of my credit cards, I lost my job. I was out of work for about 4 months and could not make any payment. Then Target card decided to sue me too. I was even collecting unemployment for some time. I have all the documents to prove everything. As soon as I found a job I resumed the program and is still on the program up to now. I am making effort to pay. Most of the debt now is due to interest that has been added to the original amount which is ridiculous. I am living from month to month just to settle my debt. I cannot pay all the amount for one creditor at a time. I really want to go to court to show the judge that I have been making all efforts to clear my financial situation. Is it the right thing to do. What are some of the ways the judge can rule and what are some things I could do? Is it true that you are asked how much can you afford? Because to tell you the truth, if they do the calculation of all of the other debt I owe and how much I make they will be surprised how I make it from day to day.


You have taken the right decision of going to the court. If you don't go, the creditor will get a default judgment against you because of your absence in the court. In that case, the chances of your wages garnished will be higher depending upon the job.

You have reasons to explain in the court why the payments were not done. The judge will prepare a payment plan for you after going through your income stub and the amount of debts.

Try to gather good points that can make your case look stronger. Check the laws in your state for the maximum interest rates. If the creditor is charging more than the permissible rates in your state, you have a case against the credit company. The judge will bring down the total debt to normal and the company may be asked to compensate for the damages.

There is no point in avoiding the court date. If you do, it is going to be a bad decision. Either a payment plan will be fixed for you in the court or if the creditor wins the case, alternative methods will be used to recover the money. The debt is valid and it has to be paid by you through court orders. At least, the credit company won't have any chance of making money from you illegally.


lrhall41

Submitted by orake on Wed, 11/08/2006 - 13:04

( Posts: 482 | Credits: )