Law firm for ND suing me for $484.00 of unpaid bank debt?I received a letter from a Law Firm stating they are basically trying to get the banks money. I owe them 484 dollars. It is from an account I canceled with them a long time ago (2008) because they charged me a fee on top of another fee but that's another story. What I am wondering is what is going to happen?... |
When it comes to collecting debt, well, everybody is kind of different. Most places are willing to work with you so long as you're showing a good faith effort to pay your bills. As for any legal rights you many have, I don't know. What I do know is good faith and transparency will often get you further than avoiding collectors and lying. I know this really wasn't an answer, but I still hope you find the advice useful. Good luck!
You owe $484.00. You admitted that. Your current inability to pay is not a defense against YOUR ADMISSION.
So, a judgment could be granted against you and your current bank account[s] or other liquid assets could be garnished; or a lien could be placed against your real property; your credit report will reflect the judgment which could negatively impact job, rental + credit opportunities.
If you don't pay, after a few years, the law firm will simply go back to get the judgment renewed.
So, immediately negotiate a repayment plan + comply w/all terms in order to prevent court action.
