HELP! Credit Card Company Is Suing Me!?

Question

Ok..I have Dell Financial Services suing me for $7000 dollars. I am 20 years old and has the family member I was living with pass away so now i'm on my own. I have a lot of extra expenses that I have to take care of. I fell about 180 days past due on my account. This collection agency "Valentine and Kebartas Inc" is suing me for the amount owed on my Dell Preferred Account. I had tried to make arrangements...but they wanted $2,500 upfront before they would even consider arrangements...then the outstanding balance would have to be paid within 3 months after that. That isn't currently an option for me.

Here's my bills:

Rent: 450/mo

Phone 100/mo

Insurance 130/mo

Food 70/mo

Power 90/mo

Fuel for work: 200/mo

Car PMT 358/mo

That's $1398 a month for bills WITHOUT paying my creditors

I currently clear after taxes about $1000 a month.

I have to borrow the remaining balance from friends, family, etc.

I was wondering, can they garnish my wages based on that? I dont even make disposable income. I have NOTHING that I own "car, house, etc" so there's nothing for me to take.

Also the guy from Valentine told me that they could take my car....I tried telling him that it isnt technically mine since i'm paying on it but he told me in return "sir, there's nothing you can do...there's ways for us to collect our debt even if you file bankruptcy!". I cannot afford a lawyer to even file bankruptcy.

I was wondering if the lawsuit would possibly turn in my favor.

Thanks so much.

Answer 1

Hi There,

Credit card debt is a real serious problem. I would be very careful about going for a credit card consolidation loan as the temptation is to keep using your credit cards after you have the loan.

I would strongly recommend getting rid of all your credit cards completely and not to get any more. Then look at a credit card consolidation loan or pay them off a bit at a time.

If you visit http://www.howtopayoffyourcreditcards.co... you will find some really good information to help you out.

I've found credit card companies are usually reasonable and if you contact them and explain you are having difficulties you can get them to freeze interest and accept a fixed amount every month to repay the loan.

Hope that helps you out :)

Answer 2

They can't collect blood from a stone.

Tell them you will pay when you can and that's all you can do.

If they sue, Show up at court, Explain your situation.

They can't get what you don't have, ande courts and garnishee orders and repossession of cars they don't have leins on are not worth there while

They are trying to scare you, ...Be nice,don't poke a wasp nest.

Answer 3

See link below