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Ellen, Attorney
Category: Business Law
Satisfied Customers: 36714
Experience:  25 years of experience helping people like you.
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Debt and Collections question I just received a summon

Resolved Question:

Debt and Collections question: I just received a summons from an attorney's office on behalf of a oil company that I owe $1400.00. Due to hardship and the being the sole provider in my household, I could not pay the bill. My questions are: 1)Should I try to resolve this issue with the attorney and make an payment now of $300 or $400 and pay the rest in monthly installments of $40 or should I write the court and explain my situation? 2)Has this suit already affected my credit rating and 3) will this interfere with my employment which is an investment bank/brokage firm?
Submitted: 7 years ago.
Category: Business Law
Expert:  Ellen replied 7 years ago.

You can consider contacting the attorney and working out a payment plan. The attorney may want you agree to a consent judgment as a condition of the payment plan. The purpose of the consent judgment is to assure your payment of the debt without the attorney needing to refile in the event of a default.

It may have already effected your credit. It simply depends on whether the oil company reports to the credit reporting agencies.
Ellen and other Business Law Specialists are ready to help you
Customer: replied 7 years ago.
Should I be concern about question #3
Expert:  Ellen replied 7 years ago.
3) will this interfere with my employment which is an investment bank/brokage firm?

Sorry I missed that question. Typically it would not affect your employment. However it is possible.
Customer: replied 7 years ago.
Expert:  Ellen replied 7 years ago.
Thank you.