Need Help With A Summons Question
Date: Mon, 09/21/2009 - 11:07
Now my questions...... With this summons, there was a "copy" of a past due statement from 2 years ago stating I owe $6100. The amount "seems" somewhat accurate but I can't be for sure. Can I ask them to valadate the account with more info such as my payment history, monthly balances, purchases, etc???? If I can ask them this info, how do I go about doing it the right way? Do I send it with my answers on the summons or do I need to file some kind of special paperwork for this info or both.
Also, how do I go about verifying that the collection agency actually owns this account now?
and last, Is this a good time to try and settle for a lesser amount on the summons or should I wait till it goes to court just in case they can't validate the balance owed with my past balances and payment history???
The following link is very informative. "http://www.nedap.org/
The following link is very informative.
"http://www.nedap.org/hotline/clbasics.html"
I think you mustn't ignore the summon and file answer to it at your earliest. If you're not confident about the debt, you must file motion of discovery along with your answer. Check with the court clerk of your county for proper procedure.
Quote:Is this a good time to try and settle for a lesser amountY
Quote:
Is this a good time to try and settle for a lesser amount |
For more info on negotiating settlement or payment arrangement in court see:
"http://www.nedap.org/hotline/settle.html"
I do believe it is in my best interest to go ahead and try to se
I do believe it is in my best interest to go ahead and try to settle the debt but still have a couple questions regarding trying to settle. Do I try bargaining with the attorney listed on the summons who is representing the Collection Agency or try to deal directly with the Collection Agency itself? Also, The original debt is for $6100. What would be a realistic dollar figure starting point for a lump sum settlement in most cases on a 2 year old $6100 Credit Card Debt? Thank You....
That is certainly up to you. As far as realistic dollar figure,
That is certainly up to you. As far as realistic dollar figure, it's always best to start low because they will start high, and hopefully you'll meet closer in the middle. In other words, you can start at 30% because they will usually start at 80% and then go from there. However, you will need any agreements in writing before you pay even one penny.
Ok... so a realistic settlement amount should be somewhere betwe
Ok... so a realistic settlement amount should be somewhere between $1850 and $4800 on a $6100 debt if they are willing to settle. WHO should I contact in regards to reaching a settlement....the attorney who is representing the collections Agency OR try to deal with the Collections Agency directly????
Studies have shown that the person who starts negotiations have
Studies have shown that the person who starts negotiations have a statistically better chance at coming to a satisfactory settlement, so I would suggest starting low - say 25 - 30% of the debt, if not 20%. But how low depends on how long you had the account, how much the original creditor has already made off of you, etc. If you go unreasonably low - say if you had a credit card for only 1 year and after 3 months late you are offering them 25% you may be shooting yourself in the foot.
But if you are already being sued, then the attorney has the control so you may be better off just waiting until court to negotiate a settlement.