Collections threatening to send my account to an Attorney ..
Date: Sat, 08/11/2007 - 20:10
I got a letter today from midland credit management, asking for a debt in the amount of $1,181.56. The Debt is from Aspire Visa, a card I used to have .. I could not pay it all off since I lost my job and i'm having trouble finding a new one. I can't pay off this debt in this amount .. it originally was NOT over $1,000, it was around $630. They added on all these late fees / interest when I could not pay over a amount of time.
I tried to make small payments, but obviously they didn't help, it just got larger and larger. The account has been in collections for a while and so, it doesn't matter how much I pay, it's still not enough.
They sent me a letter today saying:
"This letter is to inform you that Midland Credit Mangement, Inc. Is Considering forwarding this account to an attorney with the intent to initate legal action to settle the debt.
Please call our office immediately at 800-939-2353 to make arrangements to pay this debt and prevent any legal action on your account."
What do I do?? I cannot afford this, although I make it my job everyday to find a job.
.. There is no one I can borrow from, and I have nothing of extreme value to sell. I have absolutely no funds, and there no point in calling telling them that because well, what are they gonna do?
I've told them that I can pay it when I get a job, which I am currently looking for, but if the case goes to an attorney, what are they gonna do? even if I will have to go to court, that's still not going to get them money .. because I don't have it. I also have no assets, no car, no house, or anything. So what can they do?
I'm really worried. I am still trying to find any job I can, but even if I do, it will take me a while to save up that much money, so I need some advice. I've heard that I should just pay any amount I can afford and send it to them money order and certified mail, just to show I am trying to pay. But I can at most only afford to pay $20~$30 a month from selling whatever I can, which is nothing, but at least it shows i'm trying.
So what can happen?
Thanks for your help.
I tried to make small payments, but obviously they didn't help, it just got larger and larger. The account has been in collections for a while and so, it doesn't matter how much I pay, it's still not enough.
They sent me a letter today saying:
"This letter is to inform you that Midland Credit Mangement, Inc. Is Considering forwarding this account to an attorney with the intent to initate legal action to settle the debt.
Please call our office immediately at 800-939-2353 to make arrangements to pay this debt and prevent any legal action on your account."
What do I do?? I cannot afford this, although I make it my job everyday to find a job.
.. There is no one I can borrow from, and I have nothing of extreme value to sell. I have absolutely no funds, and there no point in calling telling them that because well, what are they gonna do?
I've told them that I can pay it when I get a job, which I am currently looking for, but if the case goes to an attorney, what are they gonna do? even if I will have to go to court, that's still not going to get them money .. because I don't have it. I also have no assets, no car, no house, or anything. So what can they do?
I'm really worried. I am still trying to find any job I can, but even if I do, it will take me a while to save up that much money, so I need some advice. I've heard that I should just pay any amount I can afford and send it to them money order and certified mail, just to show I am trying to pay. But I can at most only afford to pay $20~$30 a month from selling whatever I can, which is nothing, but at least it shows i'm trying.
So what can happen?
Thanks for your help.
What state do you live in??Well,if they do take to court and you
What state do you live in??Well,if they do take to court and you have no assets then your "Judgement Proof".Nothing is nothing.BUT this means only for a short term thats until you get a job then they might try to take you to court again for wage-garishment.Unless you live in SC,TX,PA,NC they cannot garish wages.
