advice needed on Weltman, Wienberg and Reis suing me

Date: Thu, 07/29/2010 - 12:11

Submitted by anonymous
on Thu, 07/29/2010 - 12:11

Posts: 202330 Credits: [Donate]

Total Replies: 4

I was served today with a complaint from Franklin Co Municipal Court (Columbus, Oh) from WWR. It's for a Target Ntl Bank card that's balance is now at $9300 (think it was $8500 back in Jan when I stopped paying). My DH was laid off in April 2009 and has been out of work for nearly 16 months. Something had to give if we were still going to live and keep our house, so the CC bills were it (I have also not paid a GE Money Bank card since then, too).

In any event, I am worried and trying to gather info on my next best step. Both are credit reports have been damaged by the no payment on the two cards already, but I really don't want a judgment on there, too. I have been reading up on WWR all day. Tried to call them twice today, but just got VMs. Am thinking now after reading that maybe I don't want to talk to them if they are so mean... I did call Target first; they say they are out of it now that WWR has filed suit -- is this true, I wonder?

So here's the deal -- I know this debt is mine, but DH was 85% of our household income. Now he gets unemployment, but it's nowhere close to his old pay. I work, but only part-time or temp and not in a high-paying field. Bottom line was we just didn't have money to pay it anymore and still don't. I think my two best choices could be: 1) Ask WWR to settle for half and take it out of DH's IRA to pay them; or 2) think about bankruptcy for these two credit cards. I am wondering how likely option 1 is or if I should just get a lawyer or what...

I would LOVE any input folks can provide on here. I am torn on what to do and need to act within 28 days to answer complaint, etc... Any suggestions?

Since Target has hired and is paying an attorney to handle the c

Since Target has hired and is paying an attorney to handle the case, they back out and do not get involved....this is typical of Target.

I wouldnt be mentioning or touching spouses IRA. And how much do you owe GE Money? It may not be worth filing BK.

lrhall41

Submitted by SOAPLADY on Thu, 07/29/2010 - 14:42

( Posts: 17315 | Credits: )

Check the Target cc agreement. Is there an arbitration clause?

Check the Target cc agreement. Is there an arbitration clause? If so, then you have a powerful strategy. Read up on arbitration at creditinfocenter and debtorboards.

lrhall41

Submitted by on Thu, 07/29/2010 - 16:25

( Posts: | Credits: )

We owe GE Money Bank about $12,000. They haven't been nearly as

We owe GE Money Bank about $12,000. They haven't been nearly as agressive about collection, but of course, that could change...

Quote:

Originally Posted by SOAPLADY

Since Target has hired and is paying an attorney to handle the case, they back out and do not get involved....this is typical of Target.
I wouldnt be mentioning or touching spouses IRA. And how much do you owe GE Money? It may not be worth filing BK.

lrhall41

Submitted by on Fri, 07/30/2010 - 08:05

( Posts: | Credits: )

Checked the credit card agreement from Target -- can't find an a

Checked the credit card agreement from Target -- can't find an arbitration clause in it anywhere, so I think I'm out of luck there.

Quote:

Originally Posted by Anonymous

Check the Target cc agreement. Is there an arbitration clause? If so, then you have a powerful strategy. Read up on arbitration at creditinfocenter and debtorboards.

lrhall41

Submitted by on Fri, 07/30/2010 - 08:22

( Posts: | Credits: )