Legal Question in Credit and Debt Law in Arizona
collection on repo car
In January I received a Summons regarding a collection of 3210.84 due a repo from about 5 years ago. I filed an answer agreeing to the repo on questioned the amount and the reason, as well as having no contact from the collector until I actually got my Summons, that's when I found out. I just got done with the pre trial Conference. The lawyer for the plaintiff said that I actually owed around 4900.00 due to interest and other fees. They mailed the disclosure to my old address and I never received it. She said she can negotiate down to 3745.00 and cannot go lower. I didn't at this time accept to settle for that amount. I was wondering if it's better for me to just pay the negotiated settlement or hire an attorney? I have pretty much that amount in my savings. Would be more money to go through the trial with an attorney and ''hopefully'' win or just pay the settlement? Thank you.
1 Answer from Attorneys
Re: collection on repo car
Defending a civil action based upon a debt is somewhat technical, depending on whether or not the person suing you is the original creditor or a bad debt buyer.
Your options at this point are dependent on an evaluation of the other side's case against you.
Before you decide to pay $3745 to ANY Plaintiff, I recommend that you consult with a consumer attorney to review the potential of alternative actions.