will they really sue even though I have no assets?
Date: Tue, 04/19/2011 - 19:21
The letters basically say that if I don't pay 80% of the total amount in a lump sum or make monthly payments, they're going to file suit.
Frankly, I could afford the monthly payment they're asking for (although its now past the 14 day window they gave me to accept the deal and I doublt they would play nice) but I am very wary of signing my name to anything having to do with this firm which is AKA Ariel Financial. If Bud Hibbs doesn't like them, that's all I need to know. http://www.budhibbs.com/collectorpages/ariel_financial_services.htm
I work for cash, have a bank account that always has less than $100 in it, and I own nothing of value in my own name. TX is a debtor friendly state. Suing me would be a complete and total waste of money, but do you think they'll do it anyway? What can I expect in terms of how they'll try to collect if they do sue and win?
The credit card company can come after you in order to recover t
The credit card company can come after you in order to recover the debts if you do not make the payments on time. However, you should negotiate with them for a better payment plan so that you can avoid the lawsuit. If the credit card company feels that you're genuinely interested in paying off the debts, then they will definitely help you in getting a better repayment plan.
It's not the credit card company, it's a third party debt collec
It's not the credit card company, it's a third party debt collector/pair of attorneys out of the Dallas area.
You may not have anything now....but what about 10 years from no
You may not have anything now....but what about 10 years from now?? You wont be able to buy a home, will pay higher interest on a car loan, and may affect other lines of credit due to your credit score drop. Your creditor is hedging that in the future you will have assets or try to get them.
