What can you do if a credit card company takes you to court

Question

capital one is taking me to court and now the cost is going to be at least $1000 more than the limit on the card. Do I have any defense to settle? I had just had a baby and lost my job...

Answer 1

did you sign a mandatory arbitration waiver? Whatever, usually if a CC company has to take you to court, you will have to pay their legal costs. Try sending them whatever you can afford--at least you can show the judge your payment attempts and he/she may force the CC to work with you. Good luck.

Answer 2

well before they take you to court, tell them of your situation, can you get unemployment checks, another job? Talk to a manager and say "hi, look I apologize for my debt and I intend on paying everything back but I can only send ___ this much per month. Can we work out a payment plan?"

Chances are that they will work with you. If you can't send in a set amount then send in whatever you can. If you can only send $5 that week, send it in, next week send in $20, just send in whatever the heck you can afford to send in. Its better than 0 and they will know that you are serious about paying it off.

Keep all your records for 7 years of the paid off debt.