I was served today with court papers for a personal loan debt?
by admin ~ January 9th, 2007 . Filed under: Credit .
ffy asked:
I was served today with court papers for a personal loan debt that I haven’t paid for 5 months now. My court date is on Aug 15 at 8:30AM. They require me to pay the amount I owe plus court costs (about 2800 total). Is there a way I could still contact the company and try to arrange to send the money without going to court until August? If I don’t have a choice other than attend the court date, will that reflect really bad on my credit report in the future? even after I pay them off?
Arianne Lockery
I was served today with court papers for a personal loan debt that I haven’t paid for 5 months now. My court date is on Aug 15 at 8:30AM. They require me to pay the amount I owe plus court costs (about 2800 total). Is there a way I could still contact the company and try to arrange to send the money without going to court until August? If I don’t have a choice other than attend the court date, will that reflect really bad on my credit report in the future? even after I pay them off?
Arianne Lockery
January 11th, 2007 at 10:44 am
Of course you can call and ask.
January 11th, 2007 at 11:19 pm
ohh man you done F’d up..
better get a second job.. once your summoned to court its going to be a ***** to negotiate..
apply for judge judy.. it will ease your costs if you show up on air.
January 13th, 2007 at 2:08 pm
Contact the attorney who filed the suit to find out what the company is willing to settle the debt for prior to going to court.
If they win a judgment against you, it will become a public record that may be listed on your credit report.
January 14th, 2007 at 9:18 pm
You are Always expected to call the company that lent you $$$$ .
Your question suggests that is part of your problem ,
Failure to communicate with them .
Your delinquency is on your credit report by now ,
And waiting for the court to force you to pay will
Really make for an additional ugly ding .
Better late payment dings than late and court judgment dings .
call now
>
January 17th, 2007 at 1:15 pm
The company doesn’t want to go to court. They will stop the suit if they get paid or believe that they will be paid without court. Keeping a judgment off your record would be a very good thing and well worth trying.