I am a 21 y.o single mother. I have a small job an

Who is the creditor? Certain ones will sue; others will try to settle. Have you spoken to them about your circumstances?

BOA is the creditor. They are trying to settle but want a lump sum, which I do not have.

Do you have a tax refund coming that you could use?

BofA is pretty easy to deal with (as opposed to Crap One). Is there any amount you could afford to pay them? Usually BofA will settle with 3 or 4 monthly payments.

Also, what they are offering is too high. Most people have been able to settle around 25-35%.

Thanks. I really don't make enough to even make payments as I depend on welfare to help with my child care. Do you think they will eventually take me to court? I hope not. What would the court do, put me in jail?

I understand. My youngest daughter is in the same situation.

If it got to court, the court would most likely issue a judgment with a possible wage garnishment, depending on how much you make. All you can do at this point is to keep telling BofA about your circumstances - on assistance, single parent, etc. and hope they don't pursue it.

Pretty sure NC is a non garnishment state so even if they get a judgement, they cannot garnish your wages.