My credit card debt was turned over to a lawyer and he is asking for $226 a month, I only have $674 a month total income, I offered to pay $100 a month but he said the credit card company would not even consider it. It is a Tribute card is there anything I can do, I live in Ky.
Country relating to Question: United States
State (if USA): Kentucky
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Most attorneys will play hardball but will ultimately be happy to collect whatever they can c.ollect. You might consider continuing to pursue a settlement arrangement that you can afford. Continue to push the $100 per month amount. What is the nature of your monthly income? It is possible that your income may be entirely protected from garnishment. In that case, even if they sued you, they would never be able to collect anything from you. That would give them incentive now to settle for whatever you offer
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Hi, I asked that the lawyer wants my answer today by noon and that he said that the card co. Tribute wont even consider $100 a month, I did the math last nigh, there is no possible way I can survive on losing$226 a month that is one third of my total monthly income. I receive SSI because I am on disability, and was on disability when I got the card and the co. has given me a choice of knocking $600 off the $1936 debt if I pay $1300 now, which I can't because I don't have, or 6 monthly payments of $226 which I can't afford. I have nothing in any savings and own no property at all not even a car and rent with assisted living. What should I tell them today.
You are essentially uncollectible, since your sole source of income is your disability. You can explain that you are on disability, that $100 per month is all you can do.
I told this to the lawyer and he still said that the co will not accept less
You can say sorry, but that's the best you can do.
Here is the reality for them:
so do you think they will accept this or go through with the suit
If they sued you, they would get nothing. They can't garnish your disability and you have no other assets.
It would be a waste of their time and money to sue you.
what about if they say it would totally destroy any credit rating I would ever have in the future
How's your credit, now?
I think if you keep refusing to pay more than the $100 per month you will eventually get them to agree.
so when I call them today and tell them just tell them that is all I can do
Play hardball with them. The reality is that you can't agree to what they are asking, regardless, That would use up 1/3 of your monthly income.
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Yes thanks, the reply button wasn't working
Great. Good luck settling.
You're very welcome.
Attorney licensed in multiple jurisdictions.
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